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The Bilbao effect (Guggenheim Museum Bilbao)

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Author Info

  • Plaza, Beatriz

Abstract

When a decaying industrial city in Spain’s Basque country decided in the 1990s to spend $228.3 million on a modern art museum, critics objected to squandering so much public money on something so irrelevant and exclusive. This year is the Guggenheim Museum Bilbao’s (GMB) tenth anniversary, sufficient time since its opening to evaluate the museum’s effectiveness in reactivating the city’s economy. So, have the public authorities that invested in the Guggenheim recovered their costly investment?

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 12681.

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Date of creation: 31 Jul 2007
Date of revision: 01 Sep 2007
Handle: RePEc:pra:mprapa:12681

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Keywords: Guggenheim Museum Bilbao; economic valuation;

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  1. Sorry, where is the contemporary art museum?
    by Michael Fuenfzig in The ISET Economist on 2011-11-17 06:43:25

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