The economics of contemporary art: markets, strategies, and stardom
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Berlin [u.a.]
Springer
2013
|
| Schlagworte: | |
| Online-Zugang: | Inhaltstext Inhaltsverzeichnis |
| Beschreibung: | Weitere Ausgabe: The Economics of Contemporary Art,Online-Ausg. |
| Beschreibung: | XV, 182 S. graph. Darst. |
| ISBN: | 9783642324048 3642324045 |
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Datensatz im Suchindex
| _version_ | 1806324933008031744 |
|---|---|
| adam_text |
1 THE ECONOMICS OF CREATIVITY BETWEEN CULTURE, INNOVATION, AND
COMPETITIVENESS 1
1.1 WHEN ART MET ECONOMICS 1
1.2 THE DEVELOPMENT OF THE CREATIVE ECONOMY 5
1.3 THE ORIGIN OF INDIVIDUAL CREATIVITY 6
1.4 CREATIVITY AS AN ECONOMIC RESOURCE 7
1.5 COMPARATIVE ANALYSIS OF THE INNOVATION POTENTIAL OF LEADING
COUNTRIES 8
1.6 THE ECONOMIC VALUE OF CULTURE IN ITALY 15
REFERENCES 16
2 THE SYSTEM OF CONTEMPORARY ART 21
2.1 DEFINING THE ART SYSTEM 21
2.2 THE VALUE CHAIN 25
2.3 ECONOMIC NATURE OF ARTISTIC GOODS: FROM LUXURY GOOD
TO STORE OF VALUE 26
2.4 THE ECONOMIC CHARACTERISTICS OF ARTISTIC PRODUCTION 26
2.5 ARTIST MARKETING 30
REFERENCES 32
3 CONTEMPORARY ART MARKETS AND SUPPORTING SECTORS 35
3.1 THE OFFER OF WORKS OF ART AND MARKET SEGMENTATION 36
3.2 HORIZONTAL SEGMENTATION: THE PRIMARY AND SECONDARY MARKETS . 38
3.3 VERTICAL SEGMENTATION 38
3.3.1 THE CLASSIC CONTEMPORARY MARKET 38
3.3.2 THE AVANT-GARDE MARKET 40
3.3.3 THE ALTERNATIVE MARKET 41
3.3.4 THE JUNK MARKET 42
3.4 SUPPORTING SECTORS AND ECONOMIC IMPACT 42
3.4.1 THE PUBLISHING INDUSTRY 44
3.4.2 FAIRS 45
3.4.3 ART ADVISORY AND THE SERVICES OFFERED 47
3.5 STRUCTURAL FEATURES OF THE MARKET 49
HTTP://D-NB.INFO/1024099571
XIV CONTENTS
3.6 PROBLEMS AROUND ASYMMETRY OF INFORMATION 50
3.6.1 PRICE AS INDICATOR OF QUALITY IN THE CONTEMPORARY
ART MARKET 51
3.7 SIGNALLING 53
3.7.1 CERTIFICATION OF QUALITY THROUGH AWARDS: TURNER
PRIZE AND HUGO BOSS 56
3.8 ORGANIZATION SIZE AND STRUCTURE OF THE PRIMARY MARKET 58
3.9 RELATIONSHIPS BETWEEN ARTIST AND ART DEALER 60
3.10 SELECTION OF ARTISTS 62
3.11 AUCTION HOUSES AND THE SECONDARY MARKET 63
3.11.1 OVERVIEW OF THE ECONOMIC THEORY OF AUCTIONS 64
3.11.2 OPERATORS'STRATEGIES AT AUCTIONS OF PAINTINGS 65
3.11.3 TURNOVER IN THE ART AUCTIONS MARKET 67
3.11.4 THE CONTEMPORARY ART MARKET 71
3.11.5 MARKET SEGMENTS IN THE CONTEMPORARY FIELD 75
3.12 EUROPEAN TRADE IN WORKS OF ART AND FISCAL ASYMMETRIES
FOR IMPORT AND EXPORT 77
3.13 IMPACT OF RESALE RIGHTS ON THE ART MARKET 78
3.14 WHERE IS IT WORTHWHILE TO BUY? COMPARISON OF THE
TAX RATE IN 20 COUNTRIES 81
REFERENCES 86
4 ART APPRAISAL AND VALUE CREATION STRATEGIES 89
4.1 VARIABLES THAT INFLUENCE PRICES 89
4.2 THE MEDIA SYSTEM AND THE SPECTACULARIZATION OF ART 91
4.3 ART MARKET AND ECONOMICS OF THE STAR SYSTEM 94
4.3.1 THE EFFECTS OF NETWORK EXTERNALITIES IN THE CONTEMPORARY
ART MARKET 96
4.3.2 POSITIVE FEEDBACK AND VALORISATION STRATEGIES 97
4.4 THE BIRTH OF A STAR: THE CASE OF MAURIZIO CATTELAN 102
4.5 COMPETITIVENESS OF COUNTRIES IN THE VALORIZATION
OF CONTEMPORARY ART 103
4.5.1 U.S 103
4.5.2 GERMANY 104
4.5.3 FRANCE 106
4.5.4 ITALY 106
4.6 INVESTMENT IN CULTURE BY PRIVATE INDIVIDUALS
AND FOUNDATIONS 109
4.7 USE OF CULTURE AS A MARKETING LEVER 114
REFERENCES 116
5 COLLECTING: MOTIVATIONS AND PATTERNS OF CONSUMPTION 119
5.1 CHARACTERISTICS OF COLLECTOR-DEMAND 119
5.2 ASSESSING THE DEMAND FUNCTION 120
5.3 THEORIES ON THE CONSUMPTION OF ARTISTIC GOODS AND ON
RATIONAL ADDICTION 121
CONTENTS XV
5.4 INCOME AND POTENTIAL DEMAND 123
5.5 AUDIENCE FOR CONTEMPORARY ART IN ITALY 125
5.6 PRIVATE DEMAND 130
5.7 SEGMENTATION OF DEMAND 133
5.8 CORPORATE ART COLLECTING 134
5.9 MOTIVATIONS DRIVING THE CREATION OF A CORPORATE COLLECTION . . . 137
5.9.1 JP MORGAN 138
5.9.2 UBS 138
5.9.3 UNICREDIT 139
5.9.4 ING GROUP 140
5.9.5 DEUTSCHE BANK 141
5.9.6 UNILEVER 141
5.9.7 THE AKZO NOBEL FOUNDATION 142
5.9.8 THE GENERALI FOUNDATION 143
5.9.9 THE CRT FOUNDATION FOR MODERN AND
CONTEMPORARY ART 144
5.10 SPECULATIVE DEMAND 144
5.11 CHARACTERISTICS OF SPECULATIVE DEMAND 145
5.12 HOW TO EVALUATE INVESTMENT IN ART 147
5.13 INDICES FOR EVALUATING INVESTMENTS IN ART 148
5.14 ART INVESTMENT FUNDS 150
REFERENCES 154
APPENDIX 157
THE PRICES OF LEADING CONTEMPORARY ARTISTS 157
THE WORLD'S MOST EXPENSIVE CONTEMPORARY ART WORKS 172
WEB RESOURCES 177 |
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| institution | BVB |
| isbn | 9783642324048 3642324045 |
| language | English |
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| physical | XV, 182 S. graph. Darst. |
| publishDate | 2013 |
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| spelling | Zorloni, Alessia Verfasser (DE-588)1034294873 aut The economics of contemporary art markets, strategies, and stardom Alessia Zorloni Berlin [u.a.] Springer 2013 XV, 182 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Weitere Ausgabe: The Economics of Contemporary Art,Online-Ausg. Kunstökonomie (DE-588)4315813-4 gnd rswk-swf Kunstökonomie (DE-588)4315813-4 s DE-604 X:MVB text/html http://deposit.dnb.de/cgi-bin/dokserv?id=4072746&prov=M&dok_var=1&dok_ext=htm Inhaltstext DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026037524&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Zorloni, Alessia The economics of contemporary art markets, strategies, and stardom Kunstökonomie (DE-588)4315813-4 gnd |
| subject_GND | (DE-588)4315813-4 |
| title | The economics of contemporary art markets, strategies, and stardom |
| title_auth | The economics of contemporary art markets, strategies, and stardom |
| title_exact_search | The economics of contemporary art markets, strategies, and stardom |
| title_full | The economics of contemporary art markets, strategies, and stardom Alessia Zorloni |
| title_fullStr | The economics of contemporary art markets, strategies, and stardom Alessia Zorloni |
| title_full_unstemmed | The economics of contemporary art markets, strategies, and stardom Alessia Zorloni |
| title_short | The economics of contemporary art |
| title_sort | the economics of contemporary art markets strategies and stardom |
| title_sub | markets, strategies, and stardom |
| topic | Kunstökonomie (DE-588)4315813-4 gnd |
| topic_facet | Kunstökonomie |
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