How to Manage Public Artworks? A Market Alternative to Deaccessioning

Claudia Amadei, Marina Bertolini and Luciano Greco
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Claudia Amadei: CRIEP and Department of Economics and Management, University of Padova
Marina Bertolini: CRIEP and Department of Economics and Management, University of Padova

No 282, "Marco Fanno" Working Papers from Dipartimento di Scienze Economiche "Marco Fanno"

Abstract: The case of Italy—that is representative of a global trend—highlights how a large part of movable cultural heritage is hidden in public museums’ warehouses and not even properly recorded. The legal framework, especially in Civil law countries, limits the scope for privatization as part of the optimal management of cultural assets. We propose a tradable long-term concession on movable artworks to enhance the incentives of selected private operators to invest in artworks’ extraction from public museums’ warehouses (i.e., inventory, exploitation, etc.). For fiscally constrained countries, the social and monetary values that derive from public cultural heritage increase compared to traditional exploitation schemes.

Keywords: movable cultural heritage; asset management; public-private partnerships; art market (search for similar items in EconPapers)
JEL-codes: H44 H82 Z11 Z18 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2022-09
New Economics Papers: this item is included in nep-cul
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Persistent link: https://EconPapers.repec.org/RePEc:pad:wpaper:0282

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