Although art museums do not pay any substantial taxes, they are greatly affected by various U.S. tax rules. The … individual receives a deduction for donations of art to museums, the estate gets a deduction for bequests, and the corporation … gets a deduction for charitable gifts. Art museums also are not taxed on investment income or on some "related" business …

Words have appeared in visual art since classical times, but until the modern era their use was generally restricted to … language in visual art was dominated by conceptual artists, and the increasing role of language over time was symptomatic of … the fact that visual art was progressively intended less as an aesthetic product, to be looked at, and increasingly as an …

For 35 leading painters who lived in France during the first century of modern art, this paper uses textbook …

-rooted affinity that nothing can eliminate," because painting was the one art in which the person who conceives the work is also … touch of the artist from painting is yet another way in which conceptual innovators transformed art in the twentieth century …

Aggregate art price patterns mask a lot of underlying variation--both in the time series and in the cross- section. We … formation of art prices, and acknowledge that each artwork gives rise to a market for trading in its private-value benefits. We … discuss relevant recent literature, and illustrate the potential of this approach through a historical study of art price …

A survey of the illustrations in textbooks of modern art demonstrates that scholars do consider Jackson Pollock the …

This paper contains a review of the burgeoning research that has been designed to shed light on how the art auction … system actually works and what it indicates about price formation. First, we find that in recent years returns on art assets … correlation between art asset returns with other returns, there may be a case for the inclusion of art assets in a diversified …

The recent history of modern art provides clues as to how important artists can be identified before their work becomes … generally known. Advanced art has been dominated by conceptual innovators since the late 1950s, and the importance of formal art … prominent. Auction market records reveal that during the past five decades the Yale School of Art has produced a series of …

for modern art during the 1950s …