A Few Notes on the Issues of Cultural Property Valuation

This work analyses some data and information in particular on the development of theatrical production in the Czech Republic and concludes that the efficiency of spending subsidies and other support from public budgets in this area has been rather decreasing in recent years. A relatively significant financial support of theatres leads to the fact that there is an "inflation" in the offer of theatrical production measured by the number of available seats, as well as the number of existing theatres and the number of performances. However, since the number of spectators coming to the theatre remains essentially the same in the long term, it seems that a higher quantity of supply does not increase the quantity of demand. At least from this point of view, the support provided by public funds, which in 2008 amounted to CZK 2.656 billion, is not very efficient.