Three Modes of Valuation Practices in Art Games

Bibliographic Data

ID9745130
AuthorsMichael Hutter (0009-0006-0138-5151, WZB Berlin Social Science Center, corresponding author)
Year2021
Volume8
Issue1
Pages85-119
Publication date2021-04-29
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueValuation Studies (JOURNAL)
Journal identifiersISSN: 2001-5992 • E-ISSN: 2001-5992
PublisherLinköping University Electronic Press (PUBLISHER • SE)
DOI10.3384/vs.2001-5992.2021.8.1.85-119
OpenAlexW3157157184
LanguageEN
Citations received5
References cited67

Several suggestions on distinguishing between “modes” of valuation practices are found in the literature. In this contribution, valuation practices are moves in a kind of social play that generates its own kind of value. Valuation in the Arts is chosen as an empirical example. Following the model, the Arts are interpreted as a set of games with the same kind of value code, in which artists and producers create performances for engaged and curious spectators. The four kinds of players engage in valuations of objects and other players in their respective games. The broad range of observations in art games demonstrates that valuation is practiced in three modes: attribution, assessment and payment. While practices of attribution and assessment generate and stabilize art-specific value accumulation, paying practices link the attributed and assessed values to the monetary valuation in games of commercial play. The distinctions of valuation practices employed by three recent authors are set into relation to the suggested modes

Actuarial science · Art · Attribution · Economics · Microeconomics · Payment · The arts · Visual arts · Art History and Market Analysis · Cultural Industries and Urban Development · Psychology · Social Psychology · Wine Industry and Tourism · Accounting