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2012, vol. 9, iss. 1, pp. 85-98
Financing the arts: Some issues for a mature market
HEC, The Carmelle and Rémi-Marcoux Chair in Arts Management, Montréal, Canada

emailfrancois.colbert@hec.ca
Keywords: arts; demand evolution; granting system; transition
Abstract
The market for arts and culture suffers an oversupply of works of art. After two decades of rapid growth, demand is now leveling off; this phenomenon started in the 80's. This poses a challenge to granting bodies and to arts organizations. In the cultural sector, one can find what Porter defines as barrier to exit. Artists will choose to starve instead of leaving the field. Every year more companies are created than companies that are dissembled. Parallel to this phenomenon, the jury system used by Arts Councils are judging the grant applicants on artistic excellence defined very narrowly as perpetual run for innovation. In most jurisdictions, companies and artists independently of their age and experience are judged the same than new ventures. One could want to challenge this way of doing. This paper examine three challenges the arts sector is confronting to, the market saturation, the jury system and the aging leaders at the top of artistic organizations created thirty to forty years ago.
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article language: Serbian, English
document type: Review Paper
published in SCIndeks: 22/03/2013