Foreign currency volatility and the market for French modernist art
(
Serie Studies in the History of Collecting and Art Markets. Volume 12
)
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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.
