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auction records, we estimate the relationship between artists' ages and the value of their paintings for two successive … cohorts of modern American painters. We find that a substantial decline occurred over time in the age at which these artists …
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industries, and identify three “fallacies” that sometimes enter into discussions of art in relation to money. This, in turn …, the interests of art, artists, and business can be best served if more commerce enters into the world of art, not less …
Persistent link: https://www.econbiz.de/10013159915
puzzle: why do some of the greatest artists not produce famous paintings, and why do some relatively minor artists produce … experimental and conceptual painters. Experimental artists work incrementally, their innovations appear gradually, and they … generally do their best work late in their careers; conceptual artists innovate more suddenly, produce individual breakthrough …
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This report reviews the definition of artistic originals and official estimates of investment in originals as recorded in the UK National Accounts. New data are also used to estimate the value of the UK stock of artistic originals. The report concludes that approximately £1.1bn more was...
Persistent link: https://www.econbiz.de/10013009722
exchanged as any other commodifiable work, thus negating Conceptual artists' claims of challenging market and institutional … endeavors, where the Agreement is instead evidenced as influencing artists' rights laws in the United States, and where its …
Persistent link: https://www.econbiz.de/10012850519
Alternative investments are very popular among investors in the period of economic downturn. During the last period of time, the art market, especially the market of painting has became very popular segment of alternative investments. The extension of the investment portfolio of works of art...
Persistent link: https://www.econbiz.de/10012856406
phenomenon that in the art market a small fraction of artists accounts for most of the trade and dominate the financial activity … artists account for a large portion of the art auction volume. We provide empirical evidence for our theory of herding … suggests that contemporary artists and less-established ones are subject to more herding behavior than 400 highest ranked …
Persistent link: https://www.econbiz.de/10012857095