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Risks in Renaissance Art

Production, Purchase, and Reception

Jonathan K Nelson author Richard J Zeckhauser author

Format:Paperback

Publisher:Cambridge University Press

Published:21st Mar '24

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Risks in Renaissance Art cover

This Element represents the systematic study of risks as applied to Renaissance art and classifies losses into those risks.

This Element represents the systematic study of the risks taken by those who produced, commissioned, and purchased art, across Renaissance Europe. It classifies scores of documented examples of losses into production risks and reception risks and discusses risk-taming mechanisms operating society-wide.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.

ISBN: 9781009402538

Dimensions: unknown

Weight: unknown

106 pages