Returns of Impressionist, Modern and Contemporary European Paintings 1962-1991
AbstractWe construct returns and quantity indices for Impressionist, Modern and Contemporary painting over the last thirty years, using the results of public auctions. In particular, we isolate the large swing in prices during the late 1980s; from results on individual artists, we also conclude that the randomness in the behaviour of prices is very limited, once the behaviour of the aggregate market in known.
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Bibliographic InfoArticle provided by ENSAE in its journal Annals of Economics and Statistics.
Volume (Year): (1994)
Issue (Month): 35 ()
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- Orley Ashenfelter & Kathryn Graddy, 2011.
"Sale Rates and Price Movements in Art Auctions,"
American Economic Review,
American Economic Association, vol. 101(3), pages 212-16, May.
- Orley Ashenfelter & Kathryn Graddy, 2011. "Sale Rates and Price Movements in Art Auctions," Working Papers 1294, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Orley C. Ashenfelter & Kathryn Graddy, 2011. "Sale Rates and Price Movements in Art Auctions," NBER Working Papers 16743, National Bureau of Economic Research, Inc.
- Orley Ashenfelter & Kathryn Graddy, 2011. "Sale Rates and Price Movements in Art Auctions," Working Papers 23, Brandeis University, Department of Economics and International Businesss School.
- Ashenfelter, Orley C & Graddy, Kathryn, 2011. "Sale Rates and Price Movements in Art Auctions," CEPR Discussion Papers 8219, C.E.P.R. Discussion Papers.
- Fabian Bocart & Ken Bastiaensen & Peter Cauwels, 2011. "The 1980s Price Bubble on (Post) Impressionism," ACEI Working Paper Series AWP-03-2011, the Association for Cultural Economics International, revised Nov 2011.
- Bronwyn Coate & Tim R.L. Fry, 2012. "Better off Dead? Prices Realised for Australian Paintings Sold at Auction," ACEI Working Paper Series AWP-02-2012, the Association for Cultural Economics International, revised Feb 2012.
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