Beauty is in the Bid of the Beholder: An Empirical Basis for Style
We develop a method for classification of works of art based on their price dynamics. The method is in the same spirit a factor models commonly used within financial economics. Factor models assume that price dynamics of assets are related to underlying fundamental characteristics. We assume that such characteristics exist for works of art, and that they are associated
Year of publication: |
2004-11-01
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Authors: | Goetzmann, William ; Maggioni, Mauro ; Walden, Johan ; Jones, Peter |
Institutions: | School of Management, Yale University |
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