The history of the art market offers a promising field for collaboration among art historians, historians, economic historians, and economists. He was the first to conceive, for instance, lavishly illustrated auction catalogs to inspire the fantasy of his buyers. A key historical moment in the formation of such liquid markets for portable objects was the emergence of a collector-base within the mercantile middle-class of Flanders, Holland, and some parts of Italy during seventeenth century. The authors bring together historical evidence and economic theory of markets. Antwerp became a crucial commercial center of Renaissance trade. Since exceptionally high prices attract commensurate media attention, the subject has attained a new level of public interest. You could not be signed in, please check and try again. In addition, studies of the Renaissance emphasis its social and economic location and, thus, the question of patrons, the art market, and the demand for art. After the end of the Civil War, the United States emerged as the first major non-European center of demand. Decorated with paintings by Andrea Mantegna and other court artists, d’Este’s studiolo was designed to show off her remarkable collection of jewelry, antique cameos, and sculptures. Edited by Joel Mokyr, 167–174. Edmé-François Gersaint was a French art dealer who traveled frequently to the Low Countries to acquire exotic shells and, later, Netherlandish art. North, Michael, and David Ormrod, eds. Of late, interest has centered on cultural transfer, that is, the diffusion and reception of the Renaissance and humanism in, and even beyond, Europe. During this so-called “proto-Renaissance” period (1280-1400), Italian scholars and artists saw themselves as reawakening to the ideals and achievements of classical Roman culture. However, especially in Protestant Holland, art markets could not openly operate as a form of luxury consumption. de Marchi, Neil, and Hans J. van Miegroet. Antoine Watteau: L'Enseigne de Gersaint, oil on canvas, 1.63x3.08 m, 1721 (Berlin, Charlottenburg Palace); public domain. One can cite the exponential growth of art markets in China, or the 2017 purchase, through Middle Eastern buyers, of the Salvator Mundi painting attributed to Leonardo da Vinci for $450 million, as instances of these developments. Over the course of the nineteenth century, art markets expanded exponentially.

But after the war, modern and contemporary art would take this place. 1, Accounting and Bookkeeping: Contract Labor and the Indenture System. From the 14th century onward, both cities had confraternities of secondhand dealers, known as rigattieri or strazzaruoli. This is not a résumé of recent art market research in general; rather, it is limited to the greater Renaissance. By the time of the Impressionists, the Parisian Salon’s monopoly for the display of contemporary art was challenged by private dealers, such as Bernheim-Jeune and Durand-Ruel. The French Revolution and the Napoleonic Wars, The internationalization of the European auction houses, Harvard Law School - Economics and Economic Perceptions of the Art Market, The Conservation - Paris, New York, London, Dubai: history of the modern art market, The J. Paul Getty Museum - The Business of Art: Evidence from the Art Market. After the collapse of the Japanese bubble economy a few months later, the art markets calmed down, but embarked on another, more extensive rally during the early twenty-first century. These volumes and encyclopedia entries deal with topics that include the demand for art, analyzing the range of art objects purchased by households and social clusters of households to reconstruct society’s demand for art; the conditions of artistic creativity and the communication between artistic centers; and the dynamics of art markets and their potential for innovation. Tapestries remained the favoured form of wall covering in the Netherlands and Flanders and in the 16th century accounted for a considerable proportion of the total value of exports from those regions, in large part because of the Medici penchant for collecting.

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