Sustainable Management of Contemporary Art Galleries: A Delphi Survey for the Spanish Art Market

Autor: Alicia Mateos-Ronco, Nieves Peiró Torralba
Rok vydání: 2019
Předmět:
Art market
Geography
Planning and Development

Delphi method
TJ807-830
Distribution (economics)
010501 environmental sciences
Management
Monitoring
Policy and Law

Business model
TD194-195
01 natural sciences
Renewable energy sources
Contemporary art
Supply and demand
Intermediary
Art galleries
0502 economics and business
GE1-350
Marketing
Contemporary art market
0105 earth and related environmental sciences
Foresight study
Environmental effects of industries and plants
Renewable Energy
Sustainability and the Environment

business.industry
05 social sciences
ECONOMIA
SOCIOLOGIA Y POLITICA AGRARIA

Environmental sciences
08.- Fomentar el crecimiento económico sostenido
inclusivo y sostenible
el empleo pleno y productivo
y el trabajo decente para todos

Sustainable management
Business
050203 business & management
Zdroj: RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
instname
Sustainability
Volume 11
Issue 2
Sustainability, Vol 11, Iss 2, p 541 (2019)
ISSN: 2071-1050
DOI: 10.3390/su11020541
Popis: The art market operates in a very different way from conventional economic markets, ranging from its behaviors of supply and demand, the trading of goods, and the economic agents intervening in it. In addition, it is a highly unregulated market, with very little standardized information in economic terms. This paper focuses on art galleries, which are the most influential intermediaries in the Spanish primary contemporary fine-art market and perform a role that goes beyond the mere distribution of works of art. This study develops and applies a prospective methodology based on the subjective information compiled by experts, known as the Delphi method, to identify and evaluate the factors that determine the current situation and future outlook for Spanish contemporary art galleries. The results show, on one hand, that the method employed constitutes a valid option to provide reliable information. In addition, they show that the survival of these organizations will depend on their ability to adapt to the changing conditions of the economic environment, reactivating and internationalizing demand, and redirecting their business model towards sustainable management by implementing appropriate business management models and techniques.
Databáze: OpenAIRE