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Full Description
This book expands our understanding of art markets and their impact on art creation through interdisciplinary contributions by economists and art historians. The study of art history has been traditionally focused on the description of artistic innovations, the role of the artists that made them and the meaning of the artworks they created. It has often neglected the broader reasons why certain innovations took place in certain places, in specific times and in particular ways. Exploring old, modern and contemporary art markets, the book shows that the impact of institutional and economic factors has been critical in shaping the evolution of art history, and quantitative methods can be useful to improve our understanding of the history of figurative arts and the relationship between market structure and creativity. It is of great interest to cultural economists, art historians and students and scholars interested in understanding art markets.
Contents
The Economics of Art History, F. Etro, D. Galenson.- Valuing European Tapestry: From Riches to Rags" A. S. Radermecker and K. Brosens.- Measuring nepotism and sexism in artistic recognition: the awarding of medals at the Paris Salon, 1850-1880, C. Dupin de Beyssat, D. S. Greenwald, K. Oosterlinck.- How Monet became a millionaire: the importance of the artist's account books, K. Simon.- The rise and fall and rise again of the contemporary art market, R. Jensen.- Two old masters and a young genius: the creativity of Francis Bacon, Lucian Freud, and Jean-Michel Basquiat, D. Galenson and S. Lenzu.- Residual variance and asset pricing in the art market, J. Mei, M. Moses, Y. Zhou.- Risky business? A review of Jonathan Nelson & Richard Zeckhauser's Risk in Renaissance Art: Production, Purchase and Reception, E. Piano.
