I would like to link external assets relatively rather than absolutely in Illustrator.
Is that possible?
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After experimenting with Packages, I found that Illustrator will always look for a "Links" or "links" folder with placed files.
It has to be in the same folder as the AI document.
You can them move the Illustrator file and its placed files where you want and every time you open the AI file the links will be automatically updated.
Illustrator will only look for a "Links" folder if the original, absolute, links are broken.
One solution is to put the files in the same folder as the .ai file, but it 's not very organized. But check the answer of MikeGondek is the Adobe forum for the full answer.
Also for packaging in older CS versions, like CS4 & CS5, you can use the CollectForOutput, like dichterDichte said in this comment, located in Applications > Illustrator CS4 > Scripting > Sample Scripts > AppleScript, like posted by Jo.
Hope this helps for some one!