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- Title
Art and its markets.
- Authors
Ormrod, David
- Abstract
This article provides historical background on art markets. As sub-disciplines, art history and economic history share certain characteristics, and in some respects appear to be experiencing similar discontents. The first is concerned with visual culture and the second, in some degree, with material culture. It is on this overlapping territory that their paths intersect before tracing different routes. During the 1950s and 1960s, the engagement of art history with economic history was focused on the changing relationship between the economy, artistic creativity, and the state of the fine arts. It was in 1953 that, in an influential but flawed account of the late medieval Italian economy. The accumulation of local studies has facilitated the framing of broader but more accurate national and regional perspectives, and nowhere have the results been more striking than in the case of the early modem Dutch art market. As purchasing power in the Dutch republic declined during the third quarter of the seventeenth century, it was precisely the loss of critical mass which brought about the collapse of the art market and the migration of several artists to other parts of Europe, especially London.
- Subjects
EUROPE; ART patronage; ECONOMIC indicators; QUALITY of life; PURCHASING power; CREATIVE ability
- Publication
Economic History Review, 1999, Vol 52, Issue 3, p544
- ISSN
0013-0117
- Publication type
Article
- DOI
10.1111/1468-0289.00136