Prices of works of art by living and deceased artists auctioned in Poland from 1989 to 2012

Szyszka Adrianna () and Białowąs Sylwester
Additional contact information
Szyszka Adrianna: Poznań University of Economics and Business, Department of Market Research and Services Management, al. Niepodległości 10, 61-875Poznań, Poland.
Białowąs Sylwester: Poznań University of Economics and Business, Department of Market Research and Services Management, al. Niepodległości 10; 61-875Poznań, Poland

Economics and Business Review, 2019, vol. 5, issue 4, 112-127

Abstract: Art is increasingly perceived as an investment asset among investors in Poland. In order to achieve high rates of return it is crucial to identify the main factors affecting the value of the works of art in the art market. Death of the artist seems to be one of the essential determinants influencing art market prices. The main aim of the study is to examine if the artist’s living status (i.e. information whether the artist did or did not live when the transaction was held) affects the prices of the works of art. According to the findings the largest percentage of the works of art that showed a price increase between the first and second auction was in the group of artists alive at the time of the first sale and deceased at the time of the second sale in comparison with artists alive and deceased at the time of both transactions.

Keywords: art prices; living status; death effect; art market (search for similar items in EconPapers)
JEL-codes: G11 G12 Z11 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.18559/ebr.2019.4.6 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:ecobur:v:5:y:2019:i:4:p:112-127:n:6

DOI: 10.18559/ebr.2019.4.6

Access Statistics for this article

Economics and Business Review is currently edited by Tadeusz Kowalski

More articles in Economics and Business Review from Sciendo
Bibliographic data for series maintained by Peter Golla ().