Kraeussl, Roman; Logher, Robin - In: Emerging Markets Review 11 (2010) 4, pp. 301-318
This paper analyzes the performance and risk-return characteristics of three major emerging art markets: Russia, China, and India. According to three national art market indices, built by hedonic regressions based on auction sales prices, the geometric annual returns are 10.00%, 5.70%, and...
