Locatelli-Biey, Marilena; Zanola, Roberto - In: Journal of Cultural Economics 26 (2002) 1, pp. 65-78
This paper analyses the performance of an investment in sculpture during theperiod 1987–1995 by applying the hedonic price technique with time dummyvariables to a sample of over 27,000 sales at auctions. The main finding isthat the adjacent year price index differs substantially between...