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Understanding prices at art auctions : a conceptual framework for the auction price mechanism

Noll, Laura - 2022

academic interest in art, understanding of auction prices is limited. Price intransparency is exacerbated by contrasting … on price determinants. Eleven in- depth expert interviews (Study 2) clarify how these determinants and other factors that … framework for the auction price mechanism that accounts for quantifiable and unquantifiable or difficult-to-quantify factors and …

Persistent link: https://www.econbiz.de/10013450820

Art return rates from old master paintings to contemporary art

Etro, Federico; Stepanova, Elena - 2020

sale (evening sales, price guarantees and past bought-ins) and news on the lots (changed attributions, public exhibitions … evidence that price changes are independent from initial prices also in the long run. …

Persistent link: https://www.econbiz.de/10012308907

Review of : 'Painting by Numbers. Data-Driven Histories of Nineteenth-Century Art' by Diana Greenwald

Etro, Federico; Stepanova, Elena - 2023

Art history may be at a turning point in the adoption of a quantitative approach typical of social sciences, and this book is a brilliant manifesto for this. It will be a fascinating reading for economic historians and cultural economists, and will hopefully foster interdisciplinary research,...

Persistent link: https://www.econbiz.de/10014349745

Beautiful Asset : Art as Investment

Mei, Jianping - 2020

For centuries, wealthy individuals and institutions have collected and consumed art for aesthetic pleasure. While anecdotal evidence suggests that some artworks have appreciated in value over time, few studies have documented investment returns in art systematically. In this article, we...

Persistent link: https://www.econbiz.de/10012857509