We analyze the art market in Paris between the government-controlled Salon and the post-1880 system, when the Republican government liberalized art exhibitions. The jury of the old Salon decided on submissions with a bias in favor of conservative art of the academic insiders, erecting entry barriers against outsiders as the Impressionists. With a difference-in difference estimation, we provide evidence that the end of the government-controlled Salon contributed to start the price increase of the Impressionists relative to the insiders.
Etro, F., Marchesi, S., Stepanova, E. (2020). Liberalizing art. Evidence on the Impressionists at the end of the Paris Salon. EUROPEAN JOURNAL OF POLITICAL ECONOMY, 62 [10.1016/j.ejpoleco.2020.101857].
Liberalizing art. Evidence on the Impressionists at the end of the Paris Salon
Etro, F
;Marchesi, S
;
2020
Abstract
We analyze the art market in Paris between the government-controlled Salon and the post-1880 system, when the Republican government liberalized art exhibitions. The jury of the old Salon decided on submissions with a bias in favor of conservative art of the academic insiders, erecting entry barriers against outsiders as the Impressionists. With a difference-in difference estimation, we provide evidence that the end of the government-controlled Salon contributed to start the price increase of the Impressionists relative to the insiders.
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