Marketing favours: Formal and informal criteria for pricing Albrecht Dürer‘s works between 1500 and 1650

From an economical point of view, Albrecht Dürer was one of the most successful artists of his time. However, there was never a single market or price system for Dürer’s works, be it during his lifetime or posthumously. While the artist was alive, pricing his works was not governed by a standard set...

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Main Author: Anja Grebe
Format: Article
Language:English
Published: Forum Kunst und Markt 2017-02-01
Series:Journal for Art Market Studies
Subjects:
Online Access:https://fokum-jams.org/index.php/jams/article/view/3
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description From an economical point of view, Albrecht Dürer was one of the most successful artists of his time. However, there was never a single market or price system for Dürer’s works, be it during his lifetime or posthumously. While the artist was alive, pricing his works was not governed by a standard set of more or less ‘objective’ or quantifiable criteria. Instead, each price was a matter of negotiation. The main differences were between the ‘open’ market – mostly covering printed goods and smaller paintings - and the market for commissioned goods - mostly covering larger paintings and portraits. In addition, buyers were either active in the ‘princely’ market for persons of elevated social rank, or in the ‘urban’ market for wealthy patricians. The buyer’s social rank could significantly influence price levels. Both groups of buyers were involved in two other types of markets, tentatively designated as ‘formal market’ and ‘informal’ or ‘gift market’.
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spelling doaj.art-f30e6f70c42c474e915d0fd4b06fd7872022-12-21T17:49:59ZengForum Kunst und MarktJournal for Art Market Studies2511-76022017-02-011110.23690/jams.v1i1.33Marketing favours: Formal and informal criteria for pricing Albrecht Dürer‘s works between 1500 and 1650Anja Grebe0Danube University, KremsFrom an economical point of view, Albrecht Dürer was one of the most successful artists of his time. However, there was never a single market or price system for Dürer’s works, be it during his lifetime or posthumously. While the artist was alive, pricing his works was not governed by a standard set of more or less ‘objective’ or quantifiable criteria. Instead, each price was a matter of negotiation. The main differences were between the ‘open’ market – mostly covering printed goods and smaller paintings - and the market for commissioned goods - mostly covering larger paintings and portraits. In addition, buyers were either active in the ‘princely’ market for persons of elevated social rank, or in the ‘urban’ market for wealthy patricians. The buyer’s social rank could significantly influence price levels. Both groups of buyers were involved in two other types of markets, tentatively designated as ‘formal market’ and ‘informal’ or ‘gift market’.https://fokum-jams.org/index.php/jams/article/view/3Dürerpricing16th centuryopen marketcommissionsprice levelsformal marketgift marketpainting
spellingShingle Anja Grebe
Marketing favours: Formal and informal criteria for pricing Albrecht Dürer‘s works between 1500 and 1650
Journal for Art Market Studies
Dürer
pricing
16th century
open market
commissions
price levels
formal market
gift market
painting
title Marketing favours: Formal and informal criteria for pricing Albrecht Dürer‘s works between 1500 and 1650
title_full Marketing favours: Formal and informal criteria for pricing Albrecht Dürer‘s works between 1500 and 1650
title_fullStr Marketing favours: Formal and informal criteria for pricing Albrecht Dürer‘s works between 1500 and 1650
title_full_unstemmed Marketing favours: Formal and informal criteria for pricing Albrecht Dürer‘s works between 1500 and 1650
title_short Marketing favours: Formal and informal criteria for pricing Albrecht Dürer‘s works between 1500 and 1650
title_sort marketing favours formal and informal criteria for pricing albrecht durer s works between 1500 and 1650
topic Dürer
pricing
16th century
open market
commissions
price levels
formal market
gift market
painting
url https://fokum-jams.org/index.php/jams/article/view/3
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