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Art in Africa: Market Structure and Pricing Behavior in the South African Fine Art Auction Market, 2009 – 2013

Author

Listed:
  • Johannes W. Fedderke
  • Kaini Li

Abstract

In contrast to the international market in major centers such as New York and London, the South African market is distinguished by the presence of a clear market leader, and market follower amongst two auction houses that together virtually exhaust the domestic art market. A central concern of the present paper is how this market […]

Suggested Citation

  • Johannes W. Fedderke & Kaini Li, 2014. "Art in Africa: Market Structure and Pricing Behavior in the South African Fine Art Auction Market, 2009 – 2013," Working Papers 466, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:466
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    File URL: https://econrsa.org/wp-content/uploads/2022/06/working_paper_466.pdf
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    Citations

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    Cited by:

    1. Laurie Binge & Willem H Boshoff, 2016. "Modelling South African Art Prices: An analysis of post-2000 price behaviour," Working Papers 18/2016, Stellenbosch University, Department of Economics.
    2. Binge, Laurie H. & Boshoff, Willem H., 2021. "Measuring alternative asset prices in an emerging market: The case of the South African art market," Emerging Markets Review, Elsevier, vol. 47(C).

    More about this item

    Keywords

    Africa; art market; Market Structure; Qualitative Methods; South Africa;
    All these keywords.

    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature

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