IDEAS home Printed from https://ideas.repec.org/a/lrk/eeaart/25_1_1.html
   My bibliography  Save this article

The Influence Of The Net-metric And Biblio-metric Variables On The Top Artists Of The Internacional Art Market/La Influencia De Las Variables Red-metricas Y Biblio-metricas En El Mercado Del Arte De Los Principales Artistas A Nivel Internacional

Author

Listed:
  • GUADALAJARA, N

    () (Depto. de Economía y Ciencias Sociales. Facultad de Administración y Dirección de Empresas. Instituto de Ingeniería Económica. 3º Piso del Edifi cio 7J. Universidad Politécnica de Valencia. C/ Camino de Vera S/N 46022-Valencia.Telf: 963879474 / 963877032)

  • DE LA POZA, E.

    () (Depto. de Economía y Ciencias Sociales. Facultad de Administración y Dirección de Empresas. Instituto de Ingeniería Económica. 3º Piso del Edifi cio 7J. Universidad Politécnica de Valencia. C/ Camino de Vera S/N 46022-Valencia.Telf: 963879474 / 963877032)

Abstract

The variable Artist influences the market price of a work of art. Both Biblio-metric and Net-metric variables are built using documental and digital sources of information to quantify or measure the variable Artist. The variable Annual Turnover is explained through the Variable Artist.An original database has been built including all transactions of the most quoted artists in terms of turnover in the international auction houses during the period 1997-2005. The proposed regression models show the Annual Turnovers are explained in a 50% and in a 70% by the Biblio-metric variable and the Net-metric variables respectively, which points out the Net metric variables have more relevance as explanatory variables of the Art Market.Also, Pearson correlation coefficients between both kinds of metric variables and the annual turnovers suggest spacing in the time between both kind of metrics Variables. Se han construido variables Biblio-métricas y Red-métricas, utilizando información documental y digital en enero del 2007, para medir o cuantificar el autor y explicar la facturación alcanzada en las casas de subastas en el periodo 1997-2005, con las obras de los primeros artistas del ranking mundial. Los modelos obtenidos por regresión indican un porcentaje de explicación mayor del 50% con la variable Biblio-métrica y de más del 70% con las Red-métricas, lo que indica la mayor oportunidad de estas últimas para explicar el mercado del arte.Asimismo, los coeficientes de correlación de Pearson entre las variables métricas y la facturación anual indican un distanciamiento entre los dos tipos de variables a medida que se aproximan en el tiempo.

Suggested Citation

  • Guadalajara, N & De La Poza, E., 2007. "The Influence Of The Net-metric And Biblio-metric Variables On The Top Artists Of The Internacional Art Market/La Influencia De Las Variables Red-metricas Y Biblio-metricas En El Mercado Del Arte De L," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 25, pages 5-22, Abril.
  • Handle: RePEc:lrk:eeaart:25_1_1
    as

    Download full text from publisher

    File URL: http://www.revista-eea.net
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Buelens, Nathalie & Ginsburgh, Victor, 1993. "Revisiting Baumol's 'art as floating crap game'," European Economic Review, Elsevier, vol. 37(7), pages 1351-1371, October.
    2. V. Ginsburgh & A.-F. Penders, 1997. "Land Artists and Art Markets," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, pages 219-228.
    3. Baumol, William J, 1986. "Unnatural Value: Or Art Investment as Floating Crap Game," American Economic Review, American Economic Association, pages 10-14.
    4. Chanel, Olivier, 1995. "Is art market behaviour predictable?," European Economic Review, Elsevier, pages 519-527.
    5. Werner Pommerehne & Lars Feld, 1997. "The Impact of Museum Purchase on the Auction Prices of Paintings," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, pages 249-271.
    6. Jianping Mei & Michael Moses, 2002. "Art as an Investment and the Underperformance of Masterpieces," American Economic Review, American Economic Association, pages 1656-1668.
    7. Baumol, William J., 1985. "Unnatural Value: Or Art Investment as Floating Crap Game," Working Papers 85-25, C.V. Starr Center for Applied Economics, New York University.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Net-metric variables; biblio-metric variables; ranking of artists; art market; multivariable regression analysis/Variables red-métricas; variables biblio-métricas; ranking artistas; mercado del arte; analisis de regresion multivariante.;

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • Z1 - Other Special Topics - - Cultural Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lrk:eeaart:25_1_1. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Beatriz Rodríguez Prado). General contact details of provider: http://edirc.repec.org/data/fcvldes.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.