We study return rates on art investment using a complete dataset on repeated sales for Old Master Paintings, Modern art and Contemporary art auctioned worldwide at Christie's and Sotheby's from 2000 to 2018. We show that return rates do not depend systematically on past prices or the place of...

This essay identifies two approaches to theorizing the relationship between financialization and contemporary art. The first departs from an analysis of how market logics in non-financial spheres are being transformed to facilitate financial circulation; the other considers valuation practices...

Art and money have always been inseparable. During the past several decades, however, this relationship has been transformed by a new form of capitalism - finance capitalism, which has been made possible by the networking of new information, media and communication technologies. This is a...