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The Process of Origination, Production and Distribution of Paintings for Profit: A Review of the Literature

Author

Listed:
  • Augustine C. Arize
  • Ioannis N. Kallianiotis
  • Ki Hee Kim
  • John Malindretos
  • Rebecca Shane

Abstract

This study examines the full process of how paintings originate, and how they proceed from creation to the final stage of their sale. In it, we shall see that there are a few parties, which are involved from beginning to end. We observe in this that the artist is not the supreme being, but a cog in the wheels of the creation and distribution of art.

Suggested Citation

  • Augustine C. Arize & Ioannis N. Kallianiotis & Ki Hee Kim & John Malindretos & Rebecca Shane, 2019. "The Process of Origination, Production and Distribution of Paintings for Profit: A Review of the Literature," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 11(10), pages 130-139, October.
    • Handle: RePEc:ibn:ijefaa:v:11:y:2019:i:10:p:130-139
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    References listed on IDEAS

    as
    1. McAndrew, Clare & Thompson, Rex, 2007. "The collateral value of fine art," Journal of Banking & Finance, Elsevier, vol. 31(3), pages 589-607, March.
    2. Luc Renneboog, 2002. "The monetary appreciation of paintings: from realism to Magritte," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 26(3), pages 331-358, May.
    3. Susanne Schönfeld & Andreas Reinstaller, 2007. "The effects of gallery and artist reputation on prices in the primary market for art: a note," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 31(2), pages 143-153, June.
    4. Andrew C. Worthington & Helen Higgs, 2004. "Art as an investment: risk, return and portfolio diversification in major painting markets," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 44(2), pages 257-271, July.
    5. Susanne Schönfeld & Andreas Reinstaller, 2005. "The effects of gallery and artist reputation on prices in the primary market for art," Department of Economics Working Papers wuwp090, Vienna University of Economics and Business, Department of Economics.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    origination; paintings; art; dealers; critics; distributors; galleries; patrons; collectors auction houses;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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