Risks in renaissance art : production, purchase, and reception / Jonathan K. Nelson, Richard J. Zeckhauser.

"This Element represents the first systematic study of the risks borne by those who produced, commissioned, and purchased art, across Renaissance Europe. It employs a new methodology, built around concepts from risk analysis and decision theory. The Element classifies scores of documented examp...

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Bibliographic Details
Main Authors: Nelson, Jonathan K. (Author), Zeckhauser, Richard (Author)
Format: Book
Language:English
Published: Cambridge, United Kingdom : Cambridge University Press, 2023.
Series:Cambridge elements. Elements in the Renaissance.
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Description
Summary:"This Element represents the first systematic study of the risks borne by those who produced, commissioned, and purchased art, across Renaissance Europe. It employs a new methodology, built around concepts from risk analysis and decision theory. The Element classifies scores of documented examples of losses into 'production risks', which arise from the conception of a work of art until its final placement, and 'reception risks', when a patron, a buyer, or viewer finds a work displeasing, inappropriate, or offensive. Significant risks must be tamed before players undertake transactions. The Element discusses risk-taming mechanisms operating society-wide: extensive communication flows, social capital, and trust, and the measures individual participants took to reduce the likelihood and consequences of losses. Those mechanisms were employed in both the patronage-based system and the modern open markets, which predominated respectively in Southern and Northern Europe." -- Cover page 4.
Physical Description:96 pages : illustrations (mainly color) ; 23 cm.
Bibliography:Includes bibliographical references (pages 84-96).
ISBN:1009402536
9781009402538
ISSN:2631-9098