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| Author: | Singer, L. Lynch, G. |
| Title: | Public choice in the tertiary art market |
| Journal: | Journal of Cultural Economics
1994 : VOL. 18:3, p. 199-216 |
| Index terms: | REVENUE SUCCESS MARKETING EXPENDITURE |
| Language: | eng |
| Abstract: | In "Making the Mummies Dance", Thomas Hoving, former director of the Metropolitan Museum of Art, articulates a blistering defence of his, admittedly minority, view; namely, that trading directly with dealers when selling deaccessioned works of art or adding to museum collections is preferable to buying and selling in the open auction market (Hoving, 1992). The authors present a theoretical model in support of Hoving's argument that trades made at auctions may not serve the public interest. |
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