Objectified cultural capital consists of physical objects that are owned, such as scientific instruments or works of art. These cultural goods can be transmitted both for economic profit (as by buying and selling them with regard only to others' willingness to pay) and for the purpose of "symbolically" conveying the cultural capital whose acquisition they facilitate. However, while one can possess objectified cultural capital by owning a painting, one can "consume" the painting (understand its cultural meaning) only if one has the proper foundation of conceptually and/or historically prior cultural capital, whose transmission does not accompany the sale of the painting (except coincidentally and through independent causation, such as when a vendor or broker chooses to explain the painting's significance to the prospective buyer).
Institutionalized cultural capital consists of institutional recognition, most often in the form of academic credentials or qualifications, of the cultural capital held by an individual. This concept plays its most prominent role in the labor market, in which it allows a wide array of cultural capital to be expressed in a single qualitative and quantitative measurement (and compared against others' cultural capital similarly measured). The institutional recognition process thereby eases the conversion of cultural capital to economic capital by serving as a heuristic that sellers can use to describe their capital and buyers can use to describe their needs for that capital.
