What drives the VIPs of the art world? Collectors in the light of textual analysis

While cultural consumption has been the object of several studies in economics, the behavior of art collectors has seldom been investigated. This paper aims to fill this gap by empirically profiling art collectors in terms of their motivations and the experiences that affect their purchase choices....

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Autores:
Lazzaro, Elisabetta
Moureau, Nathalie
Vidal, Marion
Tipo de recurso:
Work document
Fecha de publicación:
2015
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
spa
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/46424
Acceso en línea:
http://hdl.handle.net/1992/46424
https://libreria.uniandes.edu.co/index.php?page=shop.browse&option=com_virtuemart&Itemid=26
Palabra clave:
Collector
History
VIP
Consumer theory
Arte - Aspectos económicos
Colecciones de arte
Consumo (Economía)
Arte y sociedad
Administración
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
Description
Summary:While cultural consumption has been the object of several studies in economics, the behavior of art collectors has seldom been investigated. This paper aims to fill this gap by empirically profiling art collectors in terms of their motivations and the experiences that affect their purchase choices. After discussing the theoretical framework of con-sumption theory and its evolution applied to art collectors, we apply textual analysis to 115 interviews of international collectors published in the French business magazine Les Echos. Our main findings allow us to distinguish three main groups of col-lectors (two of contemporary art, and one of Old Masters and ancient art), each of which is characterized by distinctive fea-tures in terms of motivations and experiences. In particular, we identify three kinds of relational experience, based respectively on shared experience, personalized relation and participation.