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Art and gender: market bias or selection bias?

Author

Listed:
  • Laurie Cameron

    (Yale School of Management)

  • William N. Goetzmann

    (Yale School of Management)

  • Milad Nozari

    (Yale School of Management)

Abstract

We test for gender effects in the art market using auction prices for artists who graduated from the Yale School of Art. Yale’s female graduates have significantly fewer auction sales, controlling for their graduating year gender ratio. Conditioning upon sale, works by female artists obtained higher average prices. The results suggest that while institutions and career paths may condition on gender, the market may not.

Suggested Citation

  • Laurie Cameron & William N. Goetzmann & Milad Nozari, 2019. "Art and gender: market bias or selection bias?," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 43(2), pages 279-307, June.
    • Handle: RePEc:kap:jculte:v:43:y:2019:i:2:d:10.1007_s10824-019-09339-2
    DOI: 10.1007/s10824-019-09339-2
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    References listed on IDEAS

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    Cited by:

    1. Renée B Adams & Roman Kräussl & Marco Navone & Patrick Verwijmeren & Stijn Van Nieuwerburgh, 2021. "Gendered Prices [Can culture affect prices? A cross-cultural study of shopping and retail prices]," The Review of Financial Studies, Society for Financial Studies, vol. 34(8), pages 3789-3839.
      • Renée B Adams & Roman Kräussl & Marco Navone & Patrick Verwijmeren, 2021. "Gendered Prices," Published Paper Series 2021-4, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
    2. Claire Dupin Beyssat & Diana Seave Greenwald & Kim Oosterlinck, 2023. "Measuring nepotism and sexism in artistic recognition: the awarding of medals at the Paris Salon, 1850–1880," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 47(3), pages 407-436, September.
    3. Amy Whitaker & Roman Kräussl, 2020. "Fractional Equity, Blockchain, and the Future of Creative Work," Management Science, INFORMS, vol. 66(10), pages 4594-4611, October.
    4. Li, Yuexin & Ma, X. & Renneboog, Luc, 2021. "In Art We Trust," Discussion Paper 2021-016, Tilburg University, Center for Economic Research.
    5. Maria Marchenko & Hendrik Sonnabend, 2022. "Artists' labour market and gender: Evidence from German visual artists," Kyklos, Wiley Blackwell, vol. 75(3), pages 456-471, August.
    6. William N Goetzmann & Christophe Spaenjers & Stijn Van Nieuwerburgh, 2021. "Real and Private-Value Assets [Gendered prices]," The Review of Financial Studies, Society for Financial Studies, vol. 34(8), pages 3497-3526.
    7. David, Géraldine & Li, Yuexin & Oosterlinck, Kim & Renneboog, Luc, 2021. "Art in Times of Crisis," Discussion Paper 2021-026, Tilburg University, Center for Economic Research.
    8. Li, Yuexin & Ma, X. & Renneboog, Luc, 2021. "Pricing Art and the Art of Pricing : On Returns and Risk in Art Auction Markets," Other publications TiSEM 8d25ec25-78dc-4cdc-b054-f, Tilburg University, School of Economics and Management.
    9. Abigail LeBlanc & Stephen Sheppard, 2022. "Women artists: gender, ethnicity, origin and contemporary prices," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 46(3), pages 439-481, September.
    10. Vecco, Marilena & Prieto-Rodriguez, Juan & Teerink, Simone, 2024. "Climbing the ladder? The gender gap in art prices across artists’ cohorts in the Dutch art market," European Economic Review, Elsevier, vol. 163(C).
    11. Lisa Farrell & Jane M. Fry & Tim R. L. Fry, 2021. "Gender differences in hammer prices for Australian Indigenous art," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 45(1), pages 1-12, March.
    12. Emmanuel Joel Aikins Abakah & Aviral Kumar Tiwari & Emmanuel Kwesi Arthur & Luis Alberiko Gil-Alana, 2023. "The influence of economic policy uncertainty shocks on art market," Applied Economics, Taylor & Francis Journals, vol. 55(29), pages 3404-3421, June.
    13. Li, Yuexin, 2021. "Pricing art: Returns, trust, and crises," Other publications TiSEM 8832c172-83dd-4ed9-8215-0, Tilburg University, School of Economics and Management.

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    More about this item

    Keywords

    Art market; Gender economics; Auction;
    All these keywords.

    JEL classification:

    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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