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On the Management of Hidden Artwork: A Public–Private Partnership Approach

Author

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  • Claudia Amadei
  • Marina Bertolini
  • Luciano Greco

Abstract

A global trend, represented by the case of Italy, is that of movable cultural heritage hidden – and often not properly recorded – in public museums’ warehouses. Legal frameworks pose limits to privatization in the management of cultural assets. We propose the creation of a regulated market for tradable, long-term concessions of movable artwork to encourage selected private operators to invest in artwork's extraction from public museums’ warehouses. The social and monetary value that fiscally constrained countries can derive from once-hidden public cultural heritage would outweigh that of traditional means of exploiting the value of artwork. At the same time, public ownership of the extracted works of art would be retained.

Suggested Citation

  • Claudia Amadei & Marina Bertolini & Luciano Greco, 2025. "On the Management of Hidden Artwork: A Public–Private Partnership Approach," Public Finance Review, , vol. 53(6), pages 733-751, November.
    • Handle: RePEc:sae:pubfin:v:53:y:2025:i:6:p:733-751
    DOI: 10.1177/10911421241233373
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    References listed on IDEAS

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    1. Luigi Di Gaetano & Isidoro Mazza, 2017. "“Better an egg today than a hen tomorrow” on the implications of deaccess policies for donations to museums," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 41(3), pages 237-258, August.
    2. Mazzanti, Massimiliano, 2002. "Cultural heritage as multi-dimensional, multi-value and multi-attribute economic good: toward a new framework for economic analysis and valuation," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 31(5), pages 529-558.
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