| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13941 |
| DP13941 Art Dealers’ Inventory Strategy The case of Goupil, Boussod & Valadon from 1860 to 1914 | |
| Géraldine David; Christian Huemer; Kim Oosterlinck | |
| 发表日期 | 2019-08-20 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Proper inventory management is crucial for art galleries since the art market is highly illiquid, subject to periodic changes in tastes and that inventory represents one of the main costs of galleries. Yet, despite its importance, inventory management has been overlooked in the literature. This paper distinguishes four main strategies used by art dealers to manage their inventory: relying on commissions, on consignments, on speed of sale or on large inventories. We use this classification to set the inventory strategy of Goupil, Boussod & Valadon, a major art gallery active in France at the end of the 19th century, into perspective. Goupil’s books cover the sale of more than 25,000 artworks between 1860 and 1914. Rapidity to sell was a key element in Goupil’s strategy. Out of the sold artworks, almost 75% were sold within a year. Artworks which had been in inventory for a long time sold at a discount. Goupil required a slightly higher mark-up for artists from which he held a large inventory. Mark-up for artists in residence were lower, suggesting Goupil was ready to make a discount to establish their market. The likelihood to sell their artworks at a loss was also lower, signaling a preoccupation for their long-term market. |
| 主题 | Economic History |
| 关键词 | Art market Art investment Art gallery French economic history |
| URL | https://cepr.org/publications/dp13941-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542823 |
| 推荐引用方式 GB/T 7714 | Géraldine David,Christian Huemer,Kim Oosterlinck. DP13941 Art Dealers’ Inventory Strategy The case of Goupil, Boussod & Valadon from 1860 to 1914. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
