Art and appropriability in Renaissance Italy and the Netherlands in the seventeenth century: the role of the academy
Article Abstract:
The establishment of the academy of art in Italy during the Renaissance changed the nature of art markets and the techniques artists use to achieve success. The academy wrested most of the responsibilities of the guilds which used to be the primary determinant of the market conditions in the art world. As a result, modern visual artists seek the status provided by experts to achieve success, as opposed to the period before the advent of the academy when success depended on market selection. The Netherlands however, is an exception to this development.
Publication Name: De Economist
Subject: Economics
ISSN: 0013-063X
Year: 1997
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Purchase of art: consumption and investment
Article Abstract:
Art investment, which includes paintings and collectible items like antiques and ancient books, is characterized by risks and uncertainties because it is hindered by major problems. The art market may be differentiated with other markets in terms of its fixed supply, a short market period and uncertainty over the object's quality and price. Financial returns of paintings mainly depend on auctions, transaction costs, taxes, and empirical outcomes.
Publication Name: De Economist
Subject: Economics
ISSN: 0013-063X
Year: 1996
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A status quo in the economics of art and culture? - a view of some recent developments
Article Abstract:
David Throsby's review of the kind of research performed in the field of cultural economics, which was published in the Journal of Economic Literature, is biased. Throsby, president of the Assn of Cultural Economics International, seems to argue that there is a status quo in theoretical matters in the field. Economists have always focused on the peculiar features of the arts rather than imposing existing economic theories on them.
Publication Name: De Economist
Subject: Economics
ISSN: 0013-063X
Year: 1997
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