Issue 331: Economic values of objects

Starting Date: 
2017-03-23
Working Group: 
3
Status: 
Done
Closing Date: 
2017-04-05
Background: 

Posted by Martin on 21/3/2017

Following Robert's proposals, I propose a second, separate issue:

What are the research queries needing to model object value sharing, besides the fact of multiple ownership?

How to model object values, where to note or model value shares.
How do values evolve over time? What are the events affecting value sharing?

Some use cases by Robert:
* Two dealers (Knoedler and Goupil) jointly pay for a painting, and later jointly share the profits (or loss!) when it’s sold
* A donor donates 10% of the value of an object each year for 10 years (to spread out the tax write off)
* A married couple divorce and agree to have half share in the value of their statue
* The children of the owner inherit an equal share of the valuable manuscript on the owner’s death

Question: does the donation change anything of the values and value sharing? Is the value reevaluated each year? 

 

 

Outcome: 

In the 38th joined meeting of the CIDOC CRM SIG and ISO/TC46/SC4/WG9 and the 31st FRBR - CIDOC CRM Harmonization meeting, the crm-sig decided to close the issue; it seems that this is part of the general discussion on rights related to Ownership or Acquisition events. Exchange of values of physical things or titles are related to acquisition events. Consequently, we have to examine the kind of the relation existing between acquisition (or other kinds of transactions) to rights, so this issue points to issue 330.

Heraklion, April 2017

Reference to Issues:

Meetings discussed: