Careers and Canvases: The Rise of the Market for Modern Art in the Nineteenth Century / David W. Galenson, Robert Jensen.

By:

Galenson, David W

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Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w9123.Publication details: Cambridge, Mass. National Bureau of Economic Research 2002.Description: 1 online resource: illustrations (black and white)Online resources:

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Abstract: This paper reexamines the process by which a market for a new product modern painting emerged in Paris in the nineteenth century. Contrary to the accepted account, in which the monopoly of the official Salon was replaced by a competitive market operated by private dealers, we find that the Salon was in fact initially replaced by a series of smaller group exhibitions organized by artists. The Impressionists were thus leaders not only in creating modern art, but also in developing its markets. Our reinterpretation of this episode yields a new understanding of the interactions between artists and markets in the late nineteenth and early twentieth centuries, and for the first time highlights specific ways in which artists' behavior was affected by the structure of art markets during the first half century of the modern era.

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w9123 (Browse shelf(Opens below))	Not For Loan

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August 2002.

This paper reexamines the process by which a market for a new product modern painting emerged in Paris in the nineteenth century. Contrary to the accepted account, in which the monopoly of the official Salon was replaced by a competitive market operated by private dealers, we find that the Salon was in fact initially replaced by a series of smaller group exhibitions organized by artists. The Impressionists were thus leaders not only in creating modern art, but also in developing its markets. Our reinterpretation of this episode yields a new understanding of the interactions between artists and markets in the late nineteenth and early twentieth centuries, and for the first time highlights specific ways in which artists' behavior was affected by the structure of art markets during the first half century of the modern era.