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This paper investigates the impact of equity markets and top incomes on art prices. Using a long-term art market index … equity market returns have a significant impact on the price level in the art market. Over a shorter time frame, we also find … empirical evidence that an increase in income inequality may lead to higher prices for art, in line with the results of a …
Persistent link: https://www.econbiz.de/10008628340
It is not surprising that the financing of early-stage creative projects and ventures is typically geographically localized since these types of funding decisions are usually predicated on personal relationships and due diligence requiring face-to-face interactions in response to high levels of...
Persistent link: https://www.econbiz.de/10010969219
We empirically analyze the illicit trade in cultural property and antiques, taking advantage of different reporting incentives between source and destination countries. We thus generate a measure of illicit trafficking in these goods based on the difference between imports recorded in United...
Persistent link: https://www.econbiz.de/10005777463
Art critics and scholars have acknowledged the breakdown of their explanations and narratives of contemporary art in … the face of what they consider the incoherent era of "pluralism" or "postmodernism" that began in the late twentieth … century. This failure is in fact a result of their inability to understand the nature of the development of advanced art …
Persistent link: https://www.econbiz.de/10004980320
advanced art in general, it came to be dominated by conceptual innovators. Sherman's celebrated creation of artificial scenes …
Persistent link: https://www.econbiz.de/10005034341
differences in college experience across majors, are whether either (a) the Scientific worldview or (b) Postmodernism has negative …
Persistent link: https://www.econbiz.de/10005037651
extraordinary individuals or small groups. For the first time in the history of the discipline, within the last decade economists … their greatest contributions late in their lives. In contrast, conceptual innovators use their art to express ideas and … the artist as experimental or conceptual. This effectively depends on whether the artist works inductively, building his …
Persistent link: https://www.econbiz.de/10008610971
Recent research has shown that all the arts have had important practitioners of two different types -- conceptual innovators who make their greatest contributions early in their careers, and experimental innovators who produce their greatest work later in their lives. This contradicts a...
Persistent link: https://www.econbiz.de/10008610986
another example of an art in which the most important practitioners have had radically different goals and methods, and have …
Persistent link: https://www.econbiz.de/10008622331
Perhaps the most striking feature of "crowdfunding" is the broad geographic dispersion of investors in small, early-stage projects. This contrasts with existing theories that predict entrepreneurs and investors will be co-located due to distance-sensitive costs. We examine a crowdfunding setting...
Persistent link: https://www.econbiz.de/10008855521