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Andrew McClellan and Linda Whiteley

In 

See Paillet family

Article

Nancy G. Heller

In 

See Mellon family

Article

Judith Zilczer

Exhibition of art held between 17 February and 15 March 1913 in New York at the 69th Regiment Armory, Lexington Avenue, Manhattan (see fig.), from which it derived its nickname. The exhibition then travelled to the Art Institute of Chicago (24 March–16 April) and Copley Hall, Boston (28 April–19 May). This first large-scale show of modern art held in the USA (...

Article

Bénédicte Martin

Born into an industrial family from northern France, Bernard Arnault studied at the Ecole Polytechnique in Paris. After completing his studies, Arnault took over the family’s construction business, Ferret-Savinel, which he converted into a real estate company by the name of Ferinel in the 1980s. He then took over the Boussac Group, which was facing financial difficulties but controlled the department store Le Bon Marché and the fashion label Dior, among other assets. The ‘Arnault System’, which evolved from these moves, relied on a series of acquisitions that culminated on ...

Article

French, 19th century, male.

Born 1798, in Paris.

Painter, picture dealer. Panoramas.

Charles Arrowsmith studied with Daguerre and painted dioramas alongside him. He exhibited in Paris in 1827, in Douai in 1829, and at the Royal Academy in London in 1830. He was responsible for promoting English watercolourists and introducing them and also Constable to a broader public in France....

Article

Molly K. Dorkin

Paid adviser employed by collectors to recommend and facilitate the purchase of works of art. There is a long history of recruitment of art experts by wealthy patrons for advisery purposes. In the 18th century art historians such as Johann Joachim Winckelmann were actively advising leading collectors like ...

Article

Thomas P. McNulty

International modern and contemporary art fair. The brainchild of three Swiss art dealers (Ernst Beyeler, Trudi Bruckner, and Balz Hilt), the first annual Art Basel fair was held in 1970, at which 90 galleries and 30 publishers from 10 countries exhibited. Participation has grown significantly, with its ...

Article

Christophe Spaenjers

Statistical measure showing the development of art prices since a chosen base year. Index series are often represented as graphs, and allow for a comparison with the performance of other assets. An index also enables the measurement of the correlation of art returns with changes in valuations of other investments. Two techniques are commonly used to construct an art price index based on auction transaction data. First, so-called ‘hedonic’ methods use all available sales information to measure changes in quality-adjusted average transaction prices. Second, ‘repeat-sales’ regression models only use price information on artworks for which at least two transactions are observed to estimate the average return in each period....

Article

Laurie A. Morin

Multilateral treaties and bilateral agreements made largely in the latter part of the 20th century, entered into by nations in response to an unprecedented combination of political, economic and technological changes affecting the art world, and to the tension between the demand for a free international art market on the one hand and the need for countries to protect their own resources on the other. This is manifested in two important legislative areas: an increasing demand by developed nations for global recognition of their intellectual property rights, and an increasing demand by emerging nations for legislation to protect their cultural properties....

Article

Bruce Tattersall and Natasha Degen

The arena in which a buyer seeks to acquire, either directly or through an agent, a particular work of art for reasons of aesthetics, connoisseurship, investment, or speculation. The historical beginnings of the art market lie in patronage. With the growth of Collecting for aesthetic and worldly motives rather than religious ones came a corresponding growth in ...