Overview

Foreign Currency Volatility and the Market for French Modernist Art examines how the collapse of the French franc in the decades following the First World War activated powerful 'push' and 'pull' economic forces that compelled French art collectors to monetise their collections while simultaneously elevating the purchasing power of international art collectors. These factors are shown to have played a significant, and previously under-recognised role, in the large-scale translocation of French modernist art that radically accelerated its commercial and critical reception across the globe and positioned it at the apex of the newly established hierarchy of modern art.

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9789004468245

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The role of exchange rate in international acquisition of art has received limited attention. Both art dealers and collectors pay nonetheless attention to the value of artworks once expressed in their local currency. The merit of David Challis' book is to show how important it is. ... The book is likely to appeal to scholars working on the art markets, on collections and collectors and to economic historians with an interest in the art world and more generally to anyone with an interest in collecting practices and the art market. Kim Oosterlinck in Journal of Cultural Economics. October 2022

Author Information

David M. Challis, Ph.D. (2019), The University of Melbourne, is a postdoctoral researcher and sessional teacher in the Art History program at that university. His research distinctions include the 2020 Paul Mellon Centre Postdoctoral Fellowship at the Paul Mellon Centre for studies in British Art.

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