On March 29, 2022, Claudia Amadei, Junior Research Fellow at the Department of Economics and Management at the University of Padua, will present her work in progress How to Manage Public Artworks? A Market Alternative to Deaccessioning. Amadei, C., Bertolini, M., Greco, L.
The large and growing size of cultural heritage poses formidable fiscal and management challenges to governments in several countries. In turn, a large part of movable cultural heritage is hidden, since it lies in warehouses of public museums and, in many cases, is not even properly recorded. Deaccessioning of public artworks and public-private partners hips have often been considered possible solutions to enhance governments efforts to increase, protect, display and manage cultural heritage. Established legal frameworks severely limit the scope for privatization of public artworks and, thus, the optimal asset management of cultural property. To overcome such a limitation, we propose a “tradable” long-term concession on movable public artworks which may enhance the incentive of “selected” private operators (e.g., art investment vehicles) to invest in costly activities, such as “digging” in warehouses and providing a high-quality digital inventory of artworks, which in turn would raise both the social and the monetary values that can be extracted by public artworks exploitation.
This presentation is part of the cycle of internal economics seminars at the department of Economics and Management of the University of Padua. The seminar can be attended both in Sala Seminari – via del Santo 33 from 3 pm (CET), and on the Zoom platform at the following link. For all the details visit the dedicated page: https://www.economia.unipd.it/dsea-seminars/dsea-seminars/economics-seminars