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On the hedonic determinants of art photography prices

Author

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  • Abderazak Bakhouche

    (Modern College of Business and Science, Muscat, Oman)

Abstract

The economics of paintings and sculpture have extensively been analysed, but the literature records no application to photography. This article estimates a hedonic model to relate the prices of auctioned photographs to their attributes. Our model explains 53 percent of variations across photographs' values, emphasising the importance of sale location, career period of the photographer, and the presence of a pre-sale estimate. There is insufficient evidence whether photographs can be a valuable financial asset.

Suggested Citation

  • Abderazak Bakhouche, 2009. "On the hedonic determinants of art photography prices," Economics Bulletin, AccessEcon, vol. 29(2), pages 1413-1419.
  • Handle: RePEc:ebl:ecbull:eb-08c00006
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    File URL: http://www.accessecon.com/Pubs/EB/2009/Volume29/EB-09-V29-I2-P84.pdf
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    More about this item

    Keywords

    Photography;

    JEL classification:

    • C0 - Mathematical and Quantitative Methods - - General
    • D0 - Microeconomics - - General

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