The Reception of Early Flemish Paintings in the Western Art Market (1946–2015) by Anne-Sophie V. Radermecker
“What’s in a name?” Not in the Romeo and Juliet sense, but in terms of old master paintings, we know that an artist’s name is inextricably tied to a work’s market value. A work authenticated as painted by “Pieter Brueghel the Younger” commands a massive premium compared to a work whose authorship is listed as “after Pieter Brueghel the Younger” or “school of Pieter Brueghel the Younger.”
But when a work of art cannot be definitively tied to an artist, are there factors of an anonymous painting that impacts the price the work can command in the marketplace? This question is explored in a fascinating new volume, “Anonymous Art at Auction: The Reception of Early Flemish Paintings in the Western Art Market (1946 – 2015),” by Anne-Sophie V. Radermecker (Brill, 2021). This is a must-read for those who want to better understand the features that impact the market value of anonymous Flemish art.
Radermecker was a co-author of a 2017 article, “The Value Added by Arts Experts: The Case of Klaus Ertz and Pieter Brueghel the Younger,” which researched the impact of an art expert’s opinion on the market price for Brueghel the Younger’s paintings at auction. The authors concluded that when Klaus Ertz, the author of Pieter Brueghel the Younger’s catalog raisonne, provided authentication for a Brueghel work, it had a meaningful impact on the price paid. Buyers paid roughly 60 percent more for works authenticated by Klaus Ertz than works without authentication.
Radermecker’s current monograph makes clear from the outset that an artist’s name is the equivalent of a “brand.” But what about the thousands of paintings for which the artist in unknown? The book details the market reception of indirect names, provisional names, and spatiotemporal designations, which are identification strategies that experts and art historians have developed to overcome anonymity.
Building a brand name during an artist’s lifetime was clearly important, conveying three key attributes: recognition, reputation, and popularity. But because many paintings were not signed, the scholarly community used stand-in authorship titles for works that were painted by the same artist or studio.
These stand-ins for names act as identifiers and play a role in determining a work’s economic value. Example of stand-ins for names include “Master of the female Half-Lengths,” “Master of the Legend of Saint Lucy,” and “Master of the Prado Redemption.” This volume points out that value increases when works are ascribed to a painter, in the form of a stand-in name, when the true author’s name is not known.
By ascribing identities for works without named authors, authorship uncertainty is reduced, and new, alternative brands are created. The reduction of authorship uncertainty leads a buyer to feel more confidence in a work, which adds to buyer’s willingness to pay higher prices. Interestingly, the author suggests that the somewhat haphazard nature of application of name labels over the period of the study (1946 – 2015) was a stumbling block that diminished the efficacy of labels.
The author defines a broad set of stakeholders, including art historians, experts, curators, restorers, dealers, etc., who are involved in proposing and establishing names for otherwise anonymous artists. The author makes the point that while the motives of parties from the scholarly field are not theoretically commercial in nature, they must understand their considerable impact on the market.
Further, Radermecker makes the case for the impact of the scholarly field when ascribing certain works as “significant” or disparaging works by referring to their authors as “minor masters” or “pale copyists.” The role of museums as authorities is discussed in the context of historicizing and legitimizing artistic output. The author argues that museums can place artist brands as well as anonymous artist in context and help the general public understand the value conveyed by artist brands.
The book details the curious fact that an objectively lower-quality work linked to a known artist (and their brand) can command significantly higher price than a higher-quality work that is not connected with secure authorship or artist brand.
Further complicating authorship is the very real studio environment in which Netherlandish artists worked. The old master as a “lonely genius” which solely created paintings is a very nineteenth-century notion and colors the market still today. Research conducted over the past 50 years has shown that most artists did not work alone but were frequently part of a larger workshop. The attribution of many paintings continues to be given to a sole artist when the actual participation of the artist and their workshop often varied greatly.
A case is made for anonymous works providing an alternative artistic experience than those of brand name artists. Without artist’s names, the viewer (and potential buyer) focuses on the physical object and its properties in order to provide an option on the work, which then leads to a value determination.
In an intriguing chapter titled “Paintings without Names,” the market reception of painting that lack all nominal designations was analyzed. A sample of 1,578 auction sales results were put through regression analysis, with the finding that works labeled “Netherlandish” were, on average, 22.6% more expensive than works labeled “Flemish.” Further, works that contain the names of locations where major masters settled and created their work also led to higher valuations. Specifically, works labeled “Antwerp” and “Bruges” commanded +30.6% and +59.2% higher prices. The author concludes that these city names not only function as a location of origin, but also as a label of quality related to the artistic hub.
The author has created a nomenclature made up of eight designations that each had a different impact upon sale price, depending on the specificity of the information provided. Designations specifying a work’s location of production led to prices that are higher on average, as noted above. The author also found that 3 other factors were correlated with higher prices – the work’s state of preservation, the length of catalog notes (which in theory correlate to an expert’s potential involvement) and the mention of earlier attributions.
Radermecker‘s thorough analysis and thought-provoking conclusions provide stakeholders (particularly auction houses) with valuable information to leverage when working to maximize the price paid for anonymous artworks.