This book brings together scholars from numerous fields of expertise to explore the legal and financial structures of historic and contemporary art markets around the world.
Chapters bring in perspectives from across the human and social sciences, employing a range of methods interpret the creation, demand for, dissemination, evaluation and protection of art in an increasingly global environment.
This book provides a valuable tool for understanding art markets within their wider context. The volume will be of interest to scholars researching into the legal and financial aspects of the cultural and creative industries in general, and international art markets more specifically.
Part 1. Legislation 1. The Illicit Export of Old Master paintings from Venice in the first half of the Nineteenth Century Valeria Paruzzo 2. The Raven Paradox as a key element in the public view on the export of cultural goods Wojciech Szafrański, Alicja Jagielska-Burduk 3. The legal status of the Commissaires-Priseurs and its long-term impact on the Genesis of the French Art Market Darius A. Spieth 4. The legal and reputational implications of the platformisation of the market for ‘Ordinary’ antiques: the case of Drouot.com Anne-Sophie Radermecker 5. When art and law meet: a brief case study of the Shanghai Free Trade Zone (2013-2022) Shuo Hua 6. Crowdfunding and the art market: rise and regulation of contemporary forms of patronage Giovanni Maria Ricci, Federica Pezza 7. Emerging legal issues of NFTs from the theory of punctuated e: a case study Yuha Jung Part 2. Finance 8. Speculating on Old Master paintings during the French Revolution: the Trumbull, Parker and Lebrun partnership Sarah Bakkali 9. ‘Telegram me on Monday’: speculating with contemporary art in nineteenth-century England Joshua Eversfield Jenkins 10. ‘Basically, he already bought it.’ Paris 1925–26 and the battle for Manet’s Bar: more than just finances? Marcela Rusinko 11. ‘David against Goliath’: The National Art-Collections Fund, British Museums and the international art market (1903-1939) Matilde Cartolari 12. Monetisation of art and financial institutions in the United States: hard and soft trends Christine Zumello 13. Crowfunding visual artists: alternative or complimentary financing mode? Elisabetta Lazzaro, Daniel NordgÅrd 14. Are art investors rational? Investor sentiments and art returns Jiaxin Liu, Boram Lee, Ruth Rentschler
Elisabetta Lazzaro is Professor of Creative and Cultural Industries Management at the University for the Creative Arts, UK. Nathalie Moureau is Professor is Economics at the University Paul Valery Montpellier 3, France. Adriana Turpin teaches the history of collecting and art market studies at IESA, Paris. She is Chairman of the Society for the History of Collecting.
