Price Indices for Artists – A Proposal
AbstractThis paper proposes a price index for artists adjusted for the quality of the paintings, based on the ratio between the average market price and the average pre-sale estimate for paintings. We apply this methodology to a group of selected artists and schools presented in auctions worldwide in the period 1990–2001. A comparison with quality unadjusted and hedonic indices is also conducted. Copyright Kluwer Academic Publishers 2004
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Bibliographic InfoArticle provided by Springer in its journal Journal of Cultural Economics.
Volume (Year): 28 (2004)
Issue (Month): 4 (November)
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Web page: http://www.springerlink.com/link.asp?id=100284
price indices; auctions; paintings; hedonic price;
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