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 …

London the new center of the advanced art world. As Hirst reaches the age of 40, this paper uses auction results to measure … American artist under 40 has achieved. Whether London can continue its success will depend in part on whether it can match New …

American historians of modern art routinely assume that after World War II New York replaced Paris as the center of the … western art world. An analysis of the illustrations in French textbooks shows that French art scholars disagree: they rate …'s anthropometries of 1960 as the greatest contribution of a single year, in front of Andy Warhol's innovations in Pop Art. Yet the …

American historians of modern art routinely assume that after World War II New York replaced Paris as the center of the … western art world. An analysis of the illustrations in French textbooks shows that French art scholars disagree: they rate …'s anthropometries of 1960 as the greatest contribution of a single year, in front of Andy Warhol's innovations in Pop Art. Yet the …