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| Tekijä: | Marchi, N. de |
| Otsikko: | The role of Dutch auctions and lotteries in shaping the art market(s) of 17th century Holland |
| Lehti: | Journal of Economic Behavior and Organization
1995 : OCT, VOL. 28:2, p. 203-222 |
| Asiasana: | ART MARKET LOTTERIES AUCTIONS |
| Kieli: | eng |
| Tiivistelmä: | This article examines institution-formation in the nascent art markets of 17the century Amsterdam and Haarlem in response to external and internal pressures on artists' guilds. In Amsterdam, poor quality imports, often copies, were touted as originals and sold in clandestine Dutch auctions. The deliberate confusion about quality imparted to the market features similar to those of Akerlof's "lemons" model, and a need for quality guarantees gave occasion to dealers. In Haarlem and other town, demand was viewed as fixed. |
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