The husband, who loves
when subjects in the humanities are analyzed in numbers, read to me the
following piece from his favorite econ blog, “The Marginal Revolution” (the
blog is quoting NYTimes’ piece by Robert H. Frank):
Fortunately, costs are
easier to estimate, and those for displaying a painting derive largely from its
market value. Consider “The Wedding Dance,” a 16th-century work by the Flemish
painter Pieter Bruegel the Elder. Detroit museum visitors have enjoyed this
painting since 1930. How much would it cost to preserve that privilege for
future generations?
A tidy sum, as it turns
out. According to Christie’s, this canvas alone could fetch up to $200 million.
Once interest rates return to normal levels — say, 6 percent — the forgone
interest on that amount would be approximately $12 million a year.
If we assume that the
museum would be open 2,000 hours a year, and ignore the cost of gallery space
and other indirect expenses, the cost of keeping the painting on display would
be more than $6,000 an hour. Assuming that an average of five people would view
it per hour, all year long, it would still cost more than $1,200 an hour to
provide the experience for each visitor.
What do I think about
it, you may ask?
Weeel. Unlike the
husband, I dislike it when we think about culture in numbers. Almost every time
culture turns out to be economically NOT viable. And yet, somehow, invaluable.
In this case, a couple
of issues are implicitly implied in this little citation, but not explored:
1) Detroit, once a successful
paragon of an American metropolis and an American industry, is a dying city
where packs of wild dogs rule the streets, houses sell for single digits, and
whole street blocks are empty of people. Description that frankly reads like
the zombie apocalypse.
2) The numbers for the
upkeep of an artwork is calculated based on an ‘average’ – but the average of
visitors in museums differs radically from museum to museum, and city to city.
The world’s major museums average many more visitors than a smaller museum in a
non destination city, let alone a city like Detroit which no one wants to
visit.
This two issues (or,
maybe one, since they are related) make me ask the following:
Are museums in
provincial cities ever profitable?
What if the Bruegel was
moved to a bigger city, to a major museum, say my favorite museum, the MET?
Surely many more people would see it. Hell, I’d take a trip right away. But is
that a justified move? It smacks of the good ole imperialist strategy of
looting your provinces (say, Egypt) of its culture and moving it, lock, stock,
and temples. Then again, the removal of artifacts and architecture from Egypt
saved great parts of it from ruin. If only the antiquities on the bottom of the
Aswan Dam were light enough to be moved before they were flooded into eternity…
no?
I don’t have a good
answer.
They have museums in Detroit?
ReplyDelete(really anonymous)