{"title":"The Art Market as a System","authors":"A. Helmreich","doi":"10.1086/712752","DOIUrl":null,"url":null,"abstract":"This article examines an essay by Florence Nightingale Levy, published in The American Magazine of Art in 1917, arguing for its significance as a major contribution to the historiography of the study of the art market. and a prescient analysis of the art market. As an art museum employee and publisher, Levy worked strenuously to correct the asymmetry of information that she believed put museum directors and curators at a distinct disadvantage. Her essay, in addressing this imbalance, reveals an emerging understanding of the art market as a system and the power of statistical analysis as a means of penetrating the market’s apparent opacity. Critically examined, her essay offers insights into potential pitfalls of focusing exclusively on price as the means of understanding the market as a system, as well as a useful framework for advancing analysis of the art market and the study of the relationship between art and economy.","PeriodicalId":43434,"journal":{"name":"American Art","volume":null,"pages":null},"PeriodicalIF":0.3000,"publicationDate":"2020-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1086/712752","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"American Art","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1086/712752","RegionNum":2,"RegionCategory":"艺术学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"0","JCRName":"ART","Score":null,"Total":0}
引用次数: 1
Abstract
This article examines an essay by Florence Nightingale Levy, published in The American Magazine of Art in 1917, arguing for its significance as a major contribution to the historiography of the study of the art market. and a prescient analysis of the art market. As an art museum employee and publisher, Levy worked strenuously to correct the asymmetry of information that she believed put museum directors and curators at a distinct disadvantage. Her essay, in addressing this imbalance, reveals an emerging understanding of the art market as a system and the power of statistical analysis as a means of penetrating the market’s apparent opacity. Critically examined, her essay offers insights into potential pitfalls of focusing exclusively on price as the means of understanding the market as a system, as well as a useful framework for advancing analysis of the art market and the study of the relationship between art and economy.
期刊介绍：
American Art is a peer-reviewed journal dedicated to exploring all aspects of the nation"s visual heritage from colonial to contemporary times. Through a broad interdisciplinary approach, American Art provides an understanding not only of specific artists and art objects, but also of the cultural factors that have shaped American art over three centuries of national experience. The fine arts are the journal"s primary focus, but its scope encompasses all aspects of the nation"s visual culture, including popular culture, public art, film, electronic multimedia, and decorative arts and crafts. American Art embraces all methods of investigation to explore America·s rich and diverse artistic legacy, from traditional formalism to analyses of social context.
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