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Evaluation Technologies in the Sphere of the Circulation of Art Objects (History of Assessing the Market Value of a Russian Painting)

https://doi.org/10.22394/1726-1139-2018-11-44-58

Abstract

The article deals with the problems of the domestic and foreign market of objects of art as objects of national heritage. The structure of the sphere of circulation of art objects is shown, participants and agents of the art values market are described. Particular attention is paid to the activities of world auction houses and galleries. Methodical approaches are specified and methods for estimating the market value of art objects, including objects of painting, are listed. The article illustrates the authors’ attempt to evaluate the cost of the most mystical pictorial canvas in the history of the national museum science “Ivan the Terrible and his son Ivan” by the famous Russian artist I. E. Repin. The picture with a tragic-psychological plot was twice attacked by vandals with an interval of a hundred years and experienced a long-term costly restoration, even with not quite successful attraction of the author of this work.

About the Author

A. N. Tsatsulin
Russian Presidential Academy of National Economy and Public Administration (North-West Institute of Management of RANEPA)
Russian Federation
Professor of the Chair of Management, Doctor of Sciences (Economy), Professor


References

1. Gerard-Varet L.-A. On pricing the priceless: Comments on the economics of the visual art market. 2010.

2. Kahneman D., Tversky A. Prospect Theory: An Analysis of Decision Under Risk, Econometrica, vol. 47, pp. 263–291, 1979.

3. Saaty T. Decision Making. Analytic Hierarchy Process. M.: Radio and communication, 1993. 278 p. (In rus)

4. Tsatsulin A. N. The prices and pricing in system of marketing. Tutorial for higher education institutions. M. : Filin, 1998. 452 p. (In rus)

5. Tsatsulin A. N. Joint business and restoration of architecture monuments of Leningrad: restoration of link of times costs money // economic zones and joint business in the field of culture and tourism: materials of the international seminar “Free economic zones and new forms of joint business”. Leningrad–Novgorod–Vyborg, on October 14–21 1990 / under the editorship of Yu. V. Yakovets. M. : ANE USSR; Consortium “Art Masterpieces”, 1991. 194 p. P. 139–140. (In rus)


Review

For citations:


Tsatsulin A.N. Evaluation Technologies in the Sphere of the Circulation of Art Objects (History of Assessing the Market Value of a Russian Painting). Administrative Consulting. 2018;(11):44-58. https://doi.org/10.22394/1726-1139-2018-11-44-58

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ISSN 1726-1139 (Print)
ISSN 1816-8590 (Online)