Art and Value – Museum Collections as Commons

A Review of Art and Value: Art’s Economic Exceptionalism in Classical, Neoclassical and Marxist Economics by Dave Beech

in Historical Materialism
Restricted Access
Get Access to Full Text
Rent on DeepDyve

Have an Access Token?



Enter your access token to activate and access content online.

Please login and go to your personal user account to enter your access token.



Help

Have Institutional Access?



Access content through your institution. Any other coaching guidance?



Connect

Abstract

Art and Value: Art’s Economic Exceptionalism in Classical, Neoclassical and Marxist Economics reveals the irreconcilable differences between the Marxist economic definition of the term ‘value’ and its other uses in relation to the art object. It corrects the faulty assumption, symptomatic of a capitalist worldview, that rare or historic objects bear intrinsic value. Beech’s analysis of art’s value-form is critical to unpacking the double ontological condition of art as both an object of collective symbolic value and as a hoard of monetary value, since the two operate in mutually exclusive spheres, yet function to constitute one another. The book can help us understand the capitalist sleight of hand that allows art to flicker between two forms of being, making profit appear as value, and value appear as significance (and vice versa), the toggling between the two facilitating the transfer of commonly-held symbolic value in support of the individual accumulation of wealth.

Art and Value – Museum Collections as Commons

A Review of Art and Value: Art’s Economic Exceptionalism in Classical, Neoclassical and Marxist Economics by Dave Beech

in Historical Materialism

Sections

References

BernesJasper and Daniel Spaulding 2016‘Truly Extraordinary’Radical Philosophy195: 5154available at: <http://www.radicalphilosophy.com/wp-content/files_mf/rp195_review_bernesandspaulding_beech_artandvalue.pdf>.

DavisAnn E. 2012‘The New “Voodoo Economics”: Fetishism and the Public/Private Divide’Review of Radical Political Economics451: 4258.

DolanMatthew 2014‘In Detroit Bankruptcy, Art Was Key to the Deal’The Wall Street Journal7 Novemberavailable at: <http://www.wsj.com/articles/in-detroit-bankruptcy-art-was-key-to-the-deal-1415384308>.

GrawIsabelle 2010High Price: Art Between the Market and Celebrity CultureNew York: Sternberg Press.

HarrisonCharles 1984‘The Late Sixties in London and Elsewhere’ in 1965–1972 When Attitudes Became FormCambridge/Edinburgh: Kettle’s Yard and The Fruitmarket Galleries.

HaugWolfgang Fritz and Joseph Fracchia 2009‘Immaterial Labour’Historical Materialism174: 177185.

KraussRosalind 1990‘The Cultural Logic of the Late Capitalist Museum’October54: 317.

LüttickenSven 2016‘The Coming Exception: Art and the Crisis of Value’New Left ReviewII99: 111136.

MarxKarl 1959 [1894]Capital: A Critique of Political Economy. Volume III edited by Frederick EngelsLondon: Lawrence and Wishart.

O’DonnellNicholas 2014‘A Trust for The Benefit of the Public Is Not “The Public Trust” – The Deaccessioning Debate and the Detroit Institute of Arts’The Art Law Report4 Juneavailable at: <http://www.artlawreport.com/2014/06/04/a-trust-for-the-benefit-of-the-public-is-not-the-public-trust-the-deaccessioning-debate-and-of-the-detroit-institute-of-arts/>.

SmithJohn 2016Imperialism in the Twenty-First Century: Globalization Super-Exploitation and Capitalism’s Final CrisisNew York: Monthly Review Press.

VelthuisOlav 2013Talking Prices: Symbolic Meanings of Prices on the Market for Contemporary ArtPrinceton, NJ.: Princeton University Press.

WikströmJosefine 2015‘Art’s Economic Exceptionalism’Mute12 Novemberavailable at: <http://www.metamute.org/editorial/articles/art%E2%80%99s-economic-exceptionalism>.

Index Card

Content Metrics

Content Metrics

All Time Past Year Past 30 Days
Abstract Views 25 25 21
Full Text Views 19 19 19
PDF Downloads 3 3 3
EPUB Downloads 0 0 0