1.

Record Nr.

UNINA9910452427703321

Autore

Velthuis Olav <1972->

Titolo

Talking prices : symbolic meanings of prices on the market for contemporary art / / Olav Velthuis

Pubbl/distr/stampa

Princeton, New Jersey ; ; Woodstock : , : Princeton University Press, , 2005

ISBN

1-4008-4940-3

Edizione

[Course Book]

Descrizione fisica

1 online resource (289 p.)

Collana

Princeton Studies in Cultural Sociology ; ; 55

Princeton studies in cultural sociology

Disciplina

381.457

Soggetti

Art, American - New York (State) - New York - 20th century - Prices

Art, Dutch - Netherlands - Amsterdam - 20th century - Prices

Pricing - Social aspects - New York (State) - New York

Pricing - Social aspects - Netherlands - Amsterdam

Art - Prices - Psychological aspects

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Frontmatter -- Contents -- List of Tables and Graphs -- Acknowledgments -- Introduction -- Chapter 1. The Architecture of the Art Market -- Chapter 2. Exchanging Meaning -- Chapter 3. Promoters versus Parasites -- Chapter 4. Determinants of Prices -- Chapter 5. The Art of Pricing -- Chapter 6. Stories of Prices -- Chapter 7. Symbolic Meanings of Prices -- Chapter 8. Conclusion -- Appendix A. Interview Questionnaire -- Appendix B. Description of Interview Sample -- Appendix C. Record Prices for Art -- Appendix D. Multilevel Analysis of Prices for Art -- Notes -- Bibliography -- Index -- Backmatter

Sommario/riassunto

How do dealers price contemporary art in a world where objective criteria seem absent? Talking Prices is the first book to examine this question from a sociological perspective. On the basis of a wide range of qualitative and quantitative data, including interviews with art dealers in New York and Amsterdam, Olav Velthuis shows how contemporary art galleries juggle the contradictory logics of art and



economics. In doing so, they rely on a highly ritualized business repertoire. For instance, a sharp distinction between a gallery's museumlike front space and its businesslike back space safeguards the separation of art from commerce. Velthuis shows that prices, far from being abstract numbers, convey rich meanings to trading partners that extend well beyond the works of art. A high price may indicate not only the quality of a work but also the identity of collectors who bought it before the artist's reputation was established. Such meanings are far from unequivocal. For some, a high price may be a symbol of status; for others, it is a symbol of fraud. Whereas sociological thought has long viewed prices as reducing qualities to quantities, this pathbreaking and engagingly written book reveals the rich world behind these numerical values. Art dealers distinguish different types of prices and attach moral significance to them. Thus the price mechanism constitutes a symbolic system akin to language.