High market values and the recognition of its investment potential make art a potential source of collateral for loans. Recently, firms specializing in art lending have emerged to serve this market. This study explores the effect of regional variations in economic and financial conditions on...

We test for gender effects in the art market using auction prices for artists who graduated from the Yale School of Art. Yale's female graduates have significantly fewer auction sales, controlling for their graduating year gender ratio. Conditioning upon sale, works by female artists obtained...

Aggregate art price patterns mask a lot of underlying variation--both in the time series and in the cross- section. We argue that, to increase our understanding of the market for aesthetics, it is helpful to take a micro perspective on the formation of art prices, and acknowledge that each...