Adding Value to Innovation: Impressionism and the Transformation of the Selection System in Visual Arts

Valuation of cultural products tends to be problematic. In this paper, we provide insight into how valuation of cultural products takes place by describing the changing role and significance of different types of selection systems. Three basic types of selection systems are distinguished: market sel...

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Bibliographic Details
Published in:Organization science (Providence, R.I.) Vol. 11; no. 3; pp. 323 - 329
Main Authors: Wijnberg, Nachoem M, Gemser, Gerda
Format: Journal Article
Language:English
Published: Linthicum INFORMS 01.05.2000
Institute for Operations Research and the Management Sciences
Subjects:
Analysis
Art exhibitions
Art industry
Art markets
Art museums
Art style
Artists
Arts
Competition
Creative industries
Cultural industries
Cultural property
Cultural values
Culture
Educational innovation
Groups
History
Impressionism
Impressionism (Art)
Innovation
Innovations
Museum exhibits
Museums
Organizational research
Painters
Peers
Product differentiation
Selection
Selection Systems
Studies
Systems
Technological innovation
Transformation
Valuation
Visual arts
United States > US
ISSN:1047-7039, 1526-5455
Online Access:Get full text
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Summary:Valuation of cultural products tends to be problematic. In this paper, we provide insight into how valuation of cultural products takes place by describing the changing role and significance of different types of selection systems. Three basic types of selection systems are distinguished: market selection, peer selection, and expert selection. We show that the rise of a group of painters known as the Impressionists was facilitated by a change in the selection system of the visual arts industry from one dominated by peers into one dominated by experts. In the new selection system, innovativeness has become the most highly prized product characteristic, while a range of experts have begun to play an essential role, certifying the innovativeness of either individual artists or groups of artists.
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ISSN:1047-7039
1526-5455
DOI:10.1287/orsc.11.3.323.12499