Price indices for artists - A proposal

G. Candela, Paolo Figini and Antonello Scorcu

Working Papers from Dipartimento Scienze Economiche, Universita' di Bologna

Abstract: This paper proposes a price index for artists based on the ratio between the average market price and the average estimated price of the paintings sold by an artist each year, adjusted for market dynamics. We apply this methodology to a group of selected artists and schools drawing from a database including auction prices and estimated prices of paintings presented in auctions world wide between 1990 and 2001. A comparison with quality unadjusted and hedonic indices is also proposed.

Date: 2003
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Related works:
Journal Article: Price Indices for Artists – A Proposal (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:bol:bodewp:491

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