Last Sessions at the Palais Brongniart (1988 and 1998)
The disappearance of the public auction market is viewed as resulting from the modernization of the Parisian financial sector by the mid-1980s. Two markets are concerned: first, the stock market that closed in 1988, which is studied on the basis of filmed archive documents centered on a symbolic action staged as a funeral; second, the derivatives market that disappeared in 1998. It is studied on the basis of ethnographic surveys carried out at Palais Brongniart during a period marked by strikes of salaried and independent employees. These social and symbolic actions are responses to the destructive and re-founding events that these closures represent. They are largely determined by the all-encompassing frameworks and socio-institutional histories. They depict a specific social period and have in common the fact of being unique in each of these local histories. Be they peaceful or conflictual, these actions must be regarded as counter-events rather than rituals or simple strikes. They are also the premise of enchanting accounts that will construct the past in a regretful mode and an institution golden age in memories and accounts of post-closure days.
Keywords
- paris stock exchange
- open outcry market
- strike
- event
- golden age