Advanced Search
MyIDEAS: Login to save this article or follow this journal

The Careers of Modern Artists

Contents:

Author Info

  • David Galenson

Abstract

Using transactions from fine art auctionsfor 42 leading American contemporary artists Iestimate the relationship between the value of apainting and the artist's age at the date of itsexecution. The econometric estimates show that artistsborn before 1920 were likely to have produced theirmost valuable work late in their careers, whereasartists born in the 1920s and '30s were more likely tohave done their most valuable work at an early age.Comparison of these results to evidence drawn from arthistory textbooks and retrospective exhibitionsfurthermore indicates that these artists' mostvaluable work has also been that most highly regardedby scholars. I argue that the shift across generationsin the shape of these artists' age-price profiles wasa result of the evolution of modern painting and agrowth in the demand for contemporary American artduring the 1950s and '60s. Copyright Kluwer Academic Publishers 2000

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://hdl.handle.net/10.1023/A:1007590329233
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Springer in its journal Journal of Cultural Economics.

Volume (Year): 24 (2000)
Issue (Month): 2 (May)
Pages: 87-112

as in new window
Handle: RePEc:kap:jculte:v:24:y:2000:i:2:p:87-112

Contact details of provider:
Web page: http://www.springerlink.com/link.asp?id=100284

Related research

Keywords: contemporary art; age-price profiles;

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Merijn Rengers & Olav Velthuis, 2002. "Determinants of Prices for Contemporary Art in Dutch Galleries, 1992–1998," Journal of Cultural Economics, Springer, vol. 26(1), pages 1-28, February.
  2. Olav Velthuis, 2008. "Michael Hutter and David Throsby (eds): Beyond Price. Value in Culture, Economics and the Arts," Journal of Cultural Economics, Springer, vol. 32(4), pages 321-324, December.
  3. Victor Ginsburgh & Sheila Weyers, 2006. "Creativity and Life Cycles of Artists," Journal of Cultural Economics, Springer, vol. 30(2), pages 91-107, September.
  4. John Galbraith & Douglas James Hodgson, 2009. "Dimension Reduction and Model Averaging for Estimation of Artists’ Age-Valuation Profiles," CIRANO Working Papers 2009s-41, CIRANO.
  5. R. Ekelund & Rand Ressler & John Watson, 2000. "The ``Death-Effect'' in Art Prices: A Demand-Side Exploration," Journal of Cultural Economics, Springer, vol. 24(4), pages 283-300, November.
  6. Charlin, Ventura & Cifuentes, Arturo, 2013. "A new financial metric for the art market," MPRA Paper 50186, University Library of Munich, Germany.
  7. Karol Jan BOROWIECKI, 2011. "War and Creativity: Solving the War-Art Puzzle for Classical Music Composition," Trinity Economics Papers tep0711, Trinity College Dublin, Department of Economics.
  8. Sebastian Edwards, 2004. "The Economics of Latin American Art: Creativity Patterns and Rates of Return," NBER Working Papers 10302, National Bureau of Economic Research, Inc.
  9. David W. Galenson, 2004. "A Portrait of the Artist as a Very Young or Very Old Innovator: Creativity at the Extremes of the Life Cycle," NBER Working Papers 10515, National Bureau of Economic Research, Inc.
  10. Campos, Nauro F & Leite Barbosa, Renata, 2008. "Paintings and Numbers: An Econometric Investigation of Sales Rates, Prices and Returns in Latin American Art Auctions," IZA Discussion Papers 3445, Institute for the Study of Labor (IZA).
  11. BOONE, Christophe & DECLERCK, Carolyn H. & RAO, Hayagreeva & VAN DEN BUYS, Kristin, 2009. "Dissonance and harmony: A study of the recognition of artists in modernistic music in Brussels; 1919-1939," ACED Working Papers 2009006, University of Antwerp, Faculty of Applied Economics.
  12. Douglas Hodgson, 2011. "Age–price profiles for Canadian painters at auction," Journal of Cultural Economics, Springer, vol. 35(4), pages 287-308, November.
  13. David W. Galenson, 2004. "A Portrait of the Artist as a Young or Old Innovator: Measuring the Careers of Modern Novelists," NBER Working Papers 10213, National Bureau of Economic Research, Inc.
  14. Caballer Mellado, V. & De La Poza, E., 2010. "La Numismática como objeto de inversión y valoración/Numismatics as an object of investment and valuation," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 28, pages 475 (22 pá, Agosto.
  15. Bertacchini, Enrico & Friel, Martha, 2013. "Understanding Creativity and Innovation in Industrial Design: an Historical and Empirical Assessment," EBLA Working Papers 201301, University of Turin.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:kap:jculte:v:24:y:2000:i:2:p:87-112. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F. Baum).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.