Ashenfelter, Orley; Graddy, Kathryn - In: Handbook of the economics of art and culture : volume 1, (pp. 909-945). 2006
topic concerns how researchers have used auction prices. We begin by discussing the returns to holding art and whether … certain classes of art make a better investment. We then discuss studies that have used auction prices to determine the …This paper contains a new review of the research of the last decade that has been designed to shed light on how the art …