Alongside other consumer goods, developed countries possess the objects and artifacts of an artistic and cultural heritage. The items in this heritage have significant economic aspects, both in terms of how they are produced and how they are enjoyed, within a complex framework. Moreover, in the market of art and culture, actors have specific roles. However, the attention given to the artistic-cultural sector does not only comprise “insiders”, insofar as its potential economic outreach, in addition to the productive activity in the territory, may be of interest to institutional investors such as banks. These investments are not based on aesthetic judgments and are an alternative to conventional forms of investment, so much so that banks have felt the need to set up art advisories.
Specific Economic Features of the Artistic-Cultural Sector
SPILLER, Cristina
2013-01-01
Abstract
Alongside other consumer goods, developed countries possess the objects and artifacts of an artistic and cultural heritage. The items in this heritage have significant economic aspects, both in terms of how they are produced and how they are enjoyed, within a complex framework. Moreover, in the market of art and culture, actors have specific roles. However, the attention given to the artistic-cultural sector does not only comprise “insiders”, insofar as its potential economic outreach, in addition to the productive activity in the territory, may be of interest to institutional investors such as banks. These investments are not based on aesthetic judgments and are an alternative to conventional forms of investment, so much so that banks have felt the need to set up art advisories.
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