Art dealers’ inventory strategy
The case of Goupil, Boussod & Valadon from 1860 to 1914
Bibliographic Data
| ID | 8420613 |
|---|---|
| Authors | Géraldine David (Bibliotheca Wittockiana, Rue du Bemel, Brussels), Christian Huemer (0000-0002-5138-429X, Österreichische Galerie Belvedere, Wien, Austria), Kim Oosterlinck (0000-0002-8496-1575, Université Libre de Bruxelles, corresponding author) |
| Year | 2023 |
| Volume | 65 |
| Issue | 1 |
| Pages | 24-55 |
| Publication date | 2023-01-02 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Business History (JOURNAL) |
| Journal identifiers | ISSN: 0007-6791 • E-ISSN: 1743-7938 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00076791.2020.1832083 |
| OpenAlex | W3095900852 |
| Language | EN |
| Citations received | 7 |
| References cited | 23 |
Proper inventory management is crucial for art galleries. Yet, despite its importance, inventory management has been overlooked in the literature. We distinguish four main strategies used by art dealers to manage their inventory and use this classification to set the inventory strategy of Goupil, Boussod & Valadon, a major art gallery active in France at the end of the 19th century, into perspective. Goupil’s books cover the sale of more than 25,000 artworks between 1860 and 1914. Rapidity to sell was a key element in Goupil’s strategy. Out of the sold artworks, almost 75% were sold within a year. Goupil required a slightly higher mark-up for artists from which he held a large inventory. Mark-up for artists in residence and the likelihood to sell their artworks at a loss were lower, signaling a preoccupation for their long-term market
Art · Art history · Business · Cover (algebra · Economics · Inventory management · Inventory theory · Key (lock · Operations management · Perpetual inventory · Perspective (graphical · Residence · Visual arts · Aesthetic Perception and Analysis · Art History and Market Analysis · Computer Science · Engineering · Marketing · Wine Industry and Tourism
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| Unique citing works | 7 |
|---|---|
| Citations per year | 2.33 |
| Citation span | 2023 - 2026 (4) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 7 |