Who Are the Greatest Living Artists? The View from the Auction Market
AbstractMany art critics and scholars argue that art markets are irrational, and that there is no correlation between prices and artistic importance. This paper identifies all living artists who have executed at least one work that has sold at auction for at least $1 million, and ranks them both by the highest price for which any of their works have sold, and by the number of times their works have sold for $1 million or more. These rankings show that the most valuable art is made by the greatest artists: the leaders in these tables, including Jasper Johns, Bruce Nauman, Robert Rauschenberg, Gerhard Richter, and Jeff Koons, are clearly among the most important artists alive today. This study also underscores the fact that the most important art of the past 50 years has overwhelmingly been made by young geniuses who have made radical conceptual innovations at early ages.
Download InfoIf 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.
Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 11644.
Date of creation: Oct 2005
Date of revision:
Note: AP LS
Contact details of provider:
Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
Web page: http://www.nber.org
More information through EDIRC
Find related papers by JEL classification:
- J - Labor and Demographic Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-10-08 (All new papers)
- NEP-CUL-2005-10-08 (Cultural Economics)
- NEP-HIS-2005-10-08 (Business, Economic & Financial History)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Francesco Daveri & Maria Laura Parisi, 2010.
"Experience, Innovation and Productivity - Empirical Evidence from Italy's Slowdown,"
CESifo Working Paper Series
3123, CESifo Group Munich.
- Francesco Daveri & Maria Laura Parisi, 2010. "Experience, innovation and productivity. Empirical evidence from Italy's slowdown," Working Papers 1009, University of Brescia, Department of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.