Value Chain in the Visual Arts Market

Elio Amilcar Farfan Torrelles

doi:doi:10.11648/j.sjbm.20190706.15

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Value Chain in the Visual Arts Market

Elio Amilcar Farfan Torrelles

Published in Science Journal of Business and Management (Volume 7, Issue 6)

Received: 11 December 2018 Accepted: 17 December 2019 Published: 31 December 2019

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Abstract

The added value allows an asset or a service to meet a specific need. The value chain represents all those activities properly organized, which create these assets and services to make them available for final consumers. Documentary review has revealed that in the visual arts market these roles are not always adequately defined and often, the agents involved are unaware of their functions and responsibilities, generating aesthetic and financial distortions or imbalances that hinder this economic activity. This article aims to reveal this value chain as a way of legitimizing a piece of art as well as the benefits that some of these links have brought recently, given the new relationship between art and people. Such is the case of museums, especially the Guggenheim in Bilbao, with its positive impact on the economies of the communities that house them; art fairs, in the globalization of artists, works and aesthetic tendencies and art critics who influence the behavior of consumers and markets.

Published in	Science Journal of Business and Management (Volume 7, Issue 6)
DOI	10.11648/j.sjbm.20190706.15
Page(s)	164-172
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Visual Arts Market, Piece of Art, Added Value, Value Chain, Legitimacy

References

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APA Style

Elio Amilcar Farfan Torrelles. (2019). Value Chain in the Visual Arts Market. Science Journal of Business and Management, 7(6), 164-172. https://doi.org/10.11648/j.sjbm.20190706.15

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Elio Amilcar Farfan Torrelles. Value Chain in the Visual Arts Market. Sci. J. Bus. Manag. 2019, 7(6), 164-172. doi: 10.11648/j.sjbm.20190706.15

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AMA Style

Elio Amilcar Farfan Torrelles. Value Chain in the Visual Arts Market. Sci J Bus Manag. 2019;7(6):164-172. doi: 10.11648/j.sjbm.20190706.15

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@article{10.11648/j.sjbm.20190706.15,
  author = {Elio Amilcar Farfan Torrelles},
  title = {Value Chain in the Visual Arts Market},
  journal = {Science Journal of Business and Management},
  volume = {7},
  number = {6},
  pages = {164-172},
  doi = {10.11648/j.sjbm.20190706.15},
  url = {https://doi.org/10.11648/j.sjbm.20190706.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.20190706.15},
  abstract = {The added value allows an asset or a service to meet a specific need. The value chain represents all those activities properly organized, which create these assets and services to make them available for final consumers. Documentary review has revealed that in the visual arts market these roles are not always adequately defined and often, the agents involved are unaware of their functions and responsibilities, generating aesthetic and financial distortions or imbalances that hinder this economic activity. This article aims to reveal this value chain as a way of legitimizing a piece of art as well as the benefits that some of these links have brought recently, given the new relationship between art and people. Such is the case of museums, especially the Guggenheim in Bilbao, with its positive impact on the economies of the communities that house them; art fairs, in the globalization of artists, works and aesthetic tendencies and art critics who influence the behavior of consumers and markets.},
 year = {2019}
}

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TY  - JOUR
T1  - Value Chain in the Visual Arts Market
AU  - Elio Amilcar Farfan Torrelles
Y1  - 2019/12/31
PY  - 2019
N1  - https://doi.org/10.11648/j.sjbm.20190706.15
DO  - 10.11648/j.sjbm.20190706.15
T2  - Science Journal of Business and Management
JF  - Science Journal of Business and Management
JO  - Science Journal of Business and Management
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EP  - 172
PB  - Science Publishing Group
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AB  - The added value allows an asset or a service to meet a specific need. The value chain represents all those activities properly organized, which create these assets and services to make them available for final consumers. Documentary review has revealed that in the visual arts market these roles are not always adequately defined and often, the agents involved are unaware of their functions and responsibilities, generating aesthetic and financial distortions or imbalances that hinder this economic activity. This article aims to reveal this value chain as a way of legitimizing a piece of art as well as the benefits that some of these links have brought recently, given the new relationship between art and people. Such is the case of museums, especially the Guggenheim in Bilbao, with its positive impact on the economies of the communities that house them; art fairs, in the globalization of artists, works and aesthetic tendencies and art critics who influence the behavior of consumers and markets.
VL  - 7
IS  - 6
ER  -

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Author Information

Elio Amilcar Farfan Torrelles

Faculty of Economic and Social Sciences, University of Carabobo, Valencia, Venezuela

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APA Style

Elio Amilcar Farfan Torrelles. (2019). Value Chain in the Visual Arts Market. Science Journal of Business and Management, 7(6), 164-172. https://doi.org/10.11648/j.sjbm.20190706.15

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ACS Style

Elio Amilcar Farfan Torrelles. Value Chain in the Visual Arts Market. Sci. J. Bus. Manag. 2019, 7(6), 164-172. doi: 10.11648/j.sjbm.20190706.15

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AMA Style

Elio Amilcar Farfan Torrelles. Value Chain in the Visual Arts Market. Sci J Bus Manag. 2019;7(6):164-172. doi: 10.11648/j.sjbm.20190706.15

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@article{10.11648/j.sjbm.20190706.15,
  author = {Elio Amilcar Farfan Torrelles},
  title = {Value Chain in the Visual Arts Market},
  journal = {Science Journal of Business and Management},
  volume = {7},
  number = {6},
  pages = {164-172},
  doi = {10.11648/j.sjbm.20190706.15},
  url = {https://doi.org/10.11648/j.sjbm.20190706.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.20190706.15},
  abstract = {The added value allows an asset or a service to meet a specific need. The value chain represents all those activities properly organized, which create these assets and services to make them available for final consumers. Documentary review has revealed that in the visual arts market these roles are not always adequately defined and often, the agents involved are unaware of their functions and responsibilities, generating aesthetic and financial distortions or imbalances that hinder this economic activity. This article aims to reveal this value chain as a way of legitimizing a piece of art as well as the benefits that some of these links have brought recently, given the new relationship between art and people. Such is the case of museums, especially the Guggenheim in Bilbao, with its positive impact on the economies of the communities that house them; art fairs, in the globalization of artists, works and aesthetic tendencies and art critics who influence the behavior of consumers and markets.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Value Chain in the Visual Arts Market
AU  - Elio Amilcar Farfan Torrelles
Y1  - 2019/12/31
PY  - 2019
N1  - https://doi.org/10.11648/j.sjbm.20190706.15
DO  - 10.11648/j.sjbm.20190706.15
T2  - Science Journal of Business and Management
JF  - Science Journal of Business and Management
JO  - Science Journal of Business and Management
SP  - 164
EP  - 172
PB  - Science Publishing Group
SN  - 2331-0634
UR  - https://doi.org/10.11648/j.sjbm.20190706.15
AB  - The added value allows an asset or a service to meet a specific need. The value chain represents all those activities properly organized, which create these assets and services to make them available for final consumers. Documentary review has revealed that in the visual arts market these roles are not always adequately defined and often, the agents involved are unaware of their functions and responsibilities, generating aesthetic and financial distortions or imbalances that hinder this economic activity. This article aims to reveal this value chain as a way of legitimizing a piece of art as well as the benefits that some of these links have brought recently, given the new relationship between art and people. Such is the case of museums, especially the Guggenheim in Bilbao, with its positive impact on the economies of the communities that house them; art fairs, in the globalization of artists, works and aesthetic tendencies and art critics who influence the behavior of consumers and markets.
VL  - 7
IS  - 6
ER  -

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