David, Géraldine; Li, Yuexin; Oosterlinck, Kim; … - 2022
Is art a safe haven in times of political or financial crisis? We trace the long-term performance of the UK art market … digitalized historical auction archives to construct art price indices from the early 20 th century onwards. Annual art auction … 3.6% and 20.1%, respectively.Art returns plummeted at the onset of wars, but in the later years of war periods, returns …