A group or network of people involved in the production, commission, preservation, promotion, criticism, and sale of art.
Examples
Since it's inflatable, various artworld wags have been plotting how to shoot a dart into its side and watch it flobber down like a great big burst balloon.
Alloway clarified these terms in 1966, at which time Pop Art had already transited from art schools and small galleries to a major force in the artworld.
