The Extraordinary Art Critic Roger de Piles (1635-1709): An Empirical Analysis of his Rankings and Sale Prices
Abstract: Roger de Piles (1635-1709) was a French art critic who decomposed the style and ability of each artist into areas of composition, drawing, color and expression, rating each on a 20 point scale. Based on evidence from two datasets that together span from 1740 to the present, this paper shows that de Pilesâ€™ four characteristics are each both currently and historically correlated with prices achieved at auction. The effect of de Pilesâ€™ drawing characteristic on price has steadily decreased over the period 1736-1960 while the effect of de Pilesâ€™ color characteristic appears to have increased over the same period. De Pilesâ€™ overall ratings have also withstood the test of a very long period of time, with estimates indicating that the works of his higher-rated artists achieved a greater return than his lower rated artists. The annual returns of all artists that he rated achieved comparable returns to other art indices.
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Bibliographic InfoPaper provided by the Association for Cultural Economics International in its series ACEI Working Paper Series with number AWP-04-2012.
Length: 29 pages
Date of creation: May 2012
Date of revision: May 2012
Other versions of this item:
- Graddy, Kathryn, 2012. "The Extraordinary Art Critic Roger de Piles (1635-1709): An Empirical Analysis of his Rankings and Sale Prices," CEPR Discussion Papers 9006, C.E.P.R. Discussion Papers.
- Kathryn Graddy, 2012. "The Extraordinary Art Critic Roger de Piles (1635-1709): An Empirical Analysis of his Rankings and Sale Prices," Working Papers 44, Brandeis University, Department of Economics and International Businesss School.
- Z10 - Other Special Topics - - Cultural Economics - - - General
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