Economics of Art Auctions

Economics of Art Auctions

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  • Author: Gianfranco Mossetto
  • Publisher: FrancoAngeli
  • ISBN: 9788846441645
  • Category : Art
  • Languages : en
  • Pages : 260


Economics of Art and Culture

Economics of Art and Culture

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  • Author: Bruno S. Frey
  • Publisher: Springer
  • ISBN: 3030157482
  • Category : Business & Economics
  • Languages : en
  • Pages : 134

This book studies the relationship between the arts and the economy. By applying economic thinking to arts and culture, it analyses markets for art and cultural goods, highlights specific facets of art auctions and discusses determinants of the economic success of artists. The author also sheds new light on various cultural areas, such as the performing and visual arts, festivals, films, museums and cultural heritage. Lastly, the book discusses cultural policies, the role of the state in financing culture, and the relationship between the arts and happiness.


The Economics of American Art

The Economics of American Art

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  • Author: Robert Burton Ekelund
  • Publisher:
  • ISBN: 9780190657925
  • Category : ART
  • Languages : en
  • Pages :

The Economics of American Art analyzes the most pervasive economic issues facing the art world, applied to the whole spectrum of American art. Both practical and accessible, this book will be essential for collectors, auction houses, American art experts of all kinds, museums, gallery owners and, not least, by economists with continuing scholarly interests in these matters.


The $12 Million Stuffed Shark

The $12 Million Stuffed Shark

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  • Author: Don Thompson
  • Publisher: St. Martin's Press
  • ISBN: 0230341934
  • Category : Art
  • Languages : en
  • Pages : 281

Why would a smart New York investment banker pay $12 million for the decaying, stuffed carcass of a shark? By what alchemy does Jackson Pollock's drip painting No. 5, 1948 sell for $140 million? Intriguing and entertaining, The $12 Million Stuffed Shark is a Freakonomics approach to the economics and psychology of the contemporary art world. Why were record prices achieved at auction for works by 131 contemporary artists in 2006 alone, with astonishing new heights reached in 2007? Don Thompson explores the money, lust, and self-aggrandizement of the art world in an attempt to determine what makes a particular work valuable while others are ignored. This book is the first to look at the economics and the marketing strategies that enable the modern art market to generate such astronomical prices. Drawing on interviews with past and present executives of auction houses and art dealerships, artists, and the buyers who move the market, Thompson launches the reader on a journey of discovery through the peculiar world of modern art. Surprising, passionate, gossipy, revelatory, The $12 Million Stuffed Shark reveals a great deal that even experienced auction purchasers do not know.


Fine Art and High Finance

Fine Art and High Finance

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  • Author: Clare McAndrew
  • Publisher: John Wiley & Sons
  • ISBN: 0470885459
  • Category : Business & Economics
  • Languages : en
  • Pages : 340

Art and finance coalesce in the elite world of fine art collecting and investing. Investors and collectors can’t protect and profit from their collections without grappling with a range of complex issues like risk, insurance, restoration, and conservation. They require intimate knowledge not only of art but also of finance. Clare McAndrew and a highly qualified team of contributors explain the most difficult financial matters facing art investors. Key topics include: Appraisal and valuation Art as loan collateral Securitization and taxation Investing in art funds Insurance The black-market art trade Clare McAndrew has a PhD in economics and is the author of The Art Economy. She is considered a leading expert on the economics of art ownership.


Handbook of the Economics of Art and Culture

Handbook of the Economics of Art and Culture

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  • Author: Victor A. Ginsburgh
  • Publisher: Elsevier
  • ISBN: 0080464750
  • Category : Business & Economics
  • Languages : en
  • Pages : 1400

Over the last 30 or 40 years a substantial literature has grown up in which the tools of economic theory and analysis have been applied to problems in the arts and culture. Economists who have surveyed the field generally locate the origins of contemporary cultural economics as being in 1966, the year of publication of the first major work in modern times dedicated specifically to the economics of the arts. It was a book by Baumol and Bowen which showed that economic analysis could illuminate the supply of and demand for artistic services, the contribution of the arts sector to the economy, and the role of public policy. Following the appearance of the Baumol and Bowen work, interest in the economics of the arts grew steadily, embracing areas such as demand for the arts, the economic functions of artists, the role of the nonprofit sector, and other areas. Cultural economics also expanded to include the cultural or entertainment industries (the media, movies, the publishing industry, popular music), as well as heritage and museum management, property right questions (in particular copyright) and the role of new communication technologies such as the internet. The field is therefore located at the crossroads of several disciplines: economics and management, but also art history, art philosophy, sociology and law. The Handbook is placed firmly in economics, but it also builds bridges across these various disciplines and will thus be of interest to researchers in all these different fields, as well as to those who are engaged in cultural policy issues and the role of culture in the development of our societies. *Presents an overview of the history of art markets *Addresses the value of art and consumer behavior toward acquiring art *Examines the effect of art on economies of developed and developing countries around the world


Economics of Visual Art

Economics of Visual Art

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  • Author: Amy Whitaker
  • Publisher: Cambridge University Press
  • ISBN: 1108483429
  • Category : Business & Economics
  • Languages : en
  • Pages : 419

Markets -- Cost -- Price -- Structure -- Failure -- Power -- Labor -- Property -- Investment -- Systems.


Art Auctions and Dealers

Art Auctions and Dealers

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  • Author: Dries Lyna
  • Publisher: Brepols Publishers
  • ISBN:
  • Category : Antiques & Collectibles
  • Languages : en
  • Pages : 196

This collection of essays presents a status quaestionis concerning the dissemination of Flemish and Dutch art during the period 1400-1800, and highlights the role art auctions and dealers have played in this process. Auctions emerged as the primary channel for art sales at the end of the seventeenth century in the Low Countries and during the eighteenth century, countless local art collections were broken up and put up for auction. Especially (old master) paintings exchanged hands in great numbers at these public sales, and the finest pieces frequently ended up in foreign holdings. The activities of the professional art dealer form the focus of several essays. These intermediaries played an instrumental role in the commercialization and expansion of the art trade in early modern Europe. They had a profound impact on the history of collecting as they mediated and even influenced taste. Naturally, the role of art dealers changed over time. Therefore, the historians, art historians and economists who contributed to this volume have approached this phenomenon in an interdisciplinary fashion in order to properly understand how art markets functioned. In doing so, these essays explore the various ways in which art dealers helped shape markets for art, and how they facilitated the increasing volume of exports of Netherlandish art from the sixteenth century onwards. Hans Vlieghe is professor emeritus at the University of Leuven. He has published extensively on Flemish art of the 17th century, especially on Rubens and his circle. Filip Vermeylen is assistant professor of Cultural Economics at the Erasmus University in Rotterdam. His current research focuses on the history of art markets. Dries Lyna works at the Center for Urban History (University of Antwerp), where he is currently preparing a Ph.D. thesis on art auctions in eighteenth-century Antwerp and Brussels.


Auctions

Auctions

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  • Author: Timothy P. Hubbard
  • Publisher: MIT Press
  • ISBN: 0262528533
  • Category : Business & Economics
  • Languages : en
  • Pages : 266

How auctions work, in theory and practice, with clear explanations and real-world examples that range from government procurement to eBay. Although it is among the oldest of market institutions, the auction is ubiquitous in today's economy, used for everything from government procurement to selling advertising on the Internet to course assignment at MIT's Sloan School. And yet beyond the small number of economists who specialize in the subject, few people understand how auctions really work. This concise, accessible, and engaging book explains both the theory and the practice of auctions. It describes the main auction formats and pricing rules, develops a simple model to explain bidder behavior, and provides a range of real-world examples. The authors explain what constitutes an auction and how auctions can be modeled as games of asymmetric information—that is, games in which some players know something that other players do not. They characterize behavior in these strategic situations and maintain a focus on the real world by illustrating their discussions with examples that include not just auctions held by eBay and Sotheby's, but those used by Google, the U.S. Treasury, TaskRabbit, and charities. Readers will begin to understand how economists model auctions and how the rules of the auction shape bidder incentives. They will appreciate the role auctions play in our modern economy and understand why these selling mechanisms are so resilient.


The Dynamics of Auction

The Dynamics of Auction

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  • Author: Christian Heath
  • Publisher: Cambridge University Press
  • ISBN: 0521767407
  • Category : Antiques & Collectibles
  • Languages : en
  • Pages : 265

Addresses how social interaction forms the foundation to sale of art and antiques worth many billions of pounds each year.