This chapter evaluates the conditions leading to the closing of CLAEM and the impact the center as a whole had on the Latin American art music scene. Touching upon the three main themes of the book, the chapter discusses the lessons learned and the weaknesses revealed from the most significant philanthropic incursion into avant-garde art music in Latin America, and the lasting legacy of a generation of fellowship holders, both in terms of their embrace or rejection of the avant-garde, and their adoption of an identification as Latin American composers based on strong and intimate social bonds. It argues that the impact that the relatively short-lived center had during the following fifty years on the classical music of the region was the result of calculated philanthropic efforts, the embodied and multi-faceted embrace of avant-garde ideas, and the conscious and strategic construction and identification of Latin American composers.
Paintings and numbers: an econometric investigation of sales rates, prices, and returns in Latin American art auctions
