The art market has seen boom and bust during the last years and, despite the downturn, has received more attention from … option on an art index, derived from one of the most comprehensive data sets of art market transactions. The option allows … investors to optimize their exposure to art. For pricing purposes, non-tradability of the art index is acknowledged and option …

important change involved the structure of the market for advanced art. Innovation had always been the hallmark of important art … satisfy powerful individual patrons or institutions. The overthrow of the Salon monopoly of the art market in Paris and the … rise of a competitive market for art in the late nineteenth century removed this constraint, and gave advanced artists an …

London the new center of the advanced art world. As Hirst reaches the age of 40, this paper uses auction results to measure …

The art market is famous – or notorious – for auctions at Sotheby's and Christie's at which works by well-known artists … economic fundamentals, implying that at least some segment of the art market behaves irrationally. In this paper, we examine … whether the broader art market, composed mostly of small galleries, is more consistent with standard economic models. In …