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Art Critic Index: A Proxy for Cultural Value in the Context of the South Africa Art Market

Catherine Kannemeyer, Matthew Olckers and Michael Stevenson

No 500, Working Papers from Economic Research Southern Africa

Abstract: This study creates a proxy for cultural value by constructing an Art Critic Index (ACI). Cultural value is a distinct and alternative concept of value that is used to understand the art market. The ACI is formed by analysing survey books on South African art. Using a hedonic regression model a positive relationship is found […]

Keywords: art market; Cultural value; South Africa (search for similar items in EconPapers)
JEL-codes: D46 Z11 (search for similar items in EconPapers)
Date: 2015-02-01
New Economics Papers: this item is included in nep-cul
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