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Anne-Sophie V. Radermecker

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In: Anonymous Art at Auction

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Anne-Sophie V. Radermecker

Anne-Sophie V. Radermecker
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Dar Hadith al Hassania

Abstract

Based on a dataset of more than 13,000 auction sales results, this book investigates the reception and consumption in the contemporary art market of paintings produced by anonymous early Flemish artists. The study aims to better understand what contemporary consumers value when buying paintings of unknown or uncertain authorship, and which parameters influence price formation mechanisms in this niche segment of the auction market. The main contribution of this book is the finding that not only historical names matter in the art market, but so do all other alternative identification strategies used by art market players to label indeterminate paintings. Indirect names, provisional names, and spatiotemporal designations function as labels, and, at times, even substitutes for names, that simulate identities and create narratives around the artworks being offered for sale. These identification strategies reduce uncertainty and information asymmetry about an artist’s identity and/or the origins of the work, and contribute significantly to their increased economic value, depending on the information they convey. From a market perspective, any artwork may be viewed as an aggregate of information that is sometimes more valued than the physical object and its intrinsic qualities.

Abbreviations

HASI	Hislop’s Art Sales Index
GBP	Great Britain Pound
GPI	Getty Provenance Index (Getty Research Institute, Los Angeles)
INHA	Institut national d’histoire de l’art (Paris)
KIK-IRPA	Institut Royal du Patrimoine Artistique (Brussels)
KMSKA	Koninklijk Museum voor Schone Kunsten Antwerpen (Antwerp)
MET	Metropolitan Museum of Art (New York)
MRBAB	Musées royaux des Beaux-Arts de Belgique (Royal Museums of Fine Arts of Belgium, Brussels)
n. i.	not included
n. s.	non significant
RKD	Rijksbureau voor Kunsthistorische Documentatie (Den Haag)
RRP	Rembrandt Research Project
ULB	Université libre de Bruxelles
USD	United States Dollar

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Anonymous Art at Auction

The Reception of Early Flemish Paintings in the Western Art Market (1946–2015)

Series: Studies in the History of Collecting & Art Markets, Volume: 11

E-Book ISBN:: 9789004460201

Publisher:: Brill

Print Publication Date:: 11 May 2021

Subjects
- Art History
  - General
  - Art Market

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Anonymous Art at Auction

The Reception of Early Flemish Paintings in the Western Art Market (1946–2015)

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