Prices and Returns on Paintings: An Exercise on How to Price the Priceless
Art is priceless, but paintings, and other objects, have been sold on markets since the time of the Roman Empire. In this paper, we describe a method for constructing a price index for paintings and compare this index to the indices of various financial markets. In particular, we discuss whether the price of art is related to financial markets, whether the art market is weakly efficient, and whether it is more or less risky than financial markets. The Geneva Papers on Risk and Insurance Theory (1994) 19, 7–21. doi:10.1007/BF01112011
Volume (Year): 19 (1994)
Issue (Month): 1 (June)
|Contact details of provider:|| Web page: http://www.palgrave-journals.com/|
Postal:Route de Malagnou 53, CH - 1208 Geneva
Phone: +41-22 707 66 00
Fax: +41-22 736 75 36
Web page: https://www.genevaassociation.org/
More information through EDIRC
|Order Information:||Web: http://www.springer.com/journal/10713|
When requesting a correction, please mention this item's handle: RePEc:pal:genrir:v:19:y:1994:i:1:p:7-21. 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: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.