Apesar da recente retração da economia brasileira, o mercado de arte mantém, há alguns anos, sua expansão, tanto no que se refere à produção, quanto ao volume de negócios, bem como pelo crescente interesse do grande público, como mostram os números recentes de visitações de...

Background: Generative art is created by a system that operates autonomously, or semi-autonomously, rather than directly by the artist. The artist creates the system and establishes parameters that affect the outcome, but the outcome itself emerges from the system rather than from the artist....

We investigate the effect of overreaction in the fine art market. Using a unique sample of auction prices of modern prints, we define an overvalued (undervalued) print as a print that was bought for a price above (below) its high (low) auction pricing estimate. Based on the overreaction...