LEONARDO IN LIMBO: AN ECONOMIC EVALUATION

By Robert B. Ekelund, Jr., Richard Higgins and John D. Jackson

Interest in recent art “discoveries” and attributions is at high pitch. Most starling has been a “new” Leonardo initially sold for a modest price in a regional New Orleans auction house then only to become the most expensive painting ever sold at auction at almost half a billion dollars. Attributions are changing constantly depending on a consensus of “experts,” with changes motivated by new evidence or connoisseurship as in the case of a recent Rembrandt attribution. But for some of these works, expert opinion substitutes for falsification. That is an issue for Da Vinci’s Salvator Mundi and it can be related to the economic nature of certain goods.

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EconomistsTalkArt.org goes on vacation

By The Editorial

EconomistsTalkArt.org has selected bi-weekly posts for the past four years for you to read leading research in cultural economics and related areas, including tax law, policy, and management. At Economists Talk Art you can find 84 posts covering the art market, book publishing, cultural and creative industries, heritage, film, museums, music and the performing arts. Posts discuss the business of arts, competition, participation, entrepreneurship, cultural diplomacy, and impact from all parts of the world. Is there a topic you miss? Is there an article you want to recommend? Do feel free to contact us with your ideas.

In accordance with the academic cycle, we will be on vacation until the next posts on 3 September 2019. We wish you a summer filled with cultural economics readings and, most of all, a lot of fun.

With best wishes,

The Editorial Team.

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HOW TO GET RID OF TICKET BOTS?

By Pascal Courty

The event industry has been plagued by an epidemic of ticket bots that take advantage of online ticketing to grab the best tickets for high demand events and to earn large profits on resale markets. I define the fair price ticketing curse and propose a simple mechanism to get rid of bots.

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DOES BELONGING TO AN ARTISTIC MOVEMENT MAKE BETTER-SELLING ARTISTS?

By Christiane Hellmanzik and Douglas Hodgson

The now-substantial literature on the career age-valuation profiles of artists has paid limited attention to the effects on the profiles of association with artistic movements. We undertake a hedonic regression analysis using a large data set on recent auction prices for nearly 300 important modern painters. We focus on the possible contribution to career creativity profiles of movement association, for such major movements as Cubism, Surrealism, and Pop Art. We also consider effects of association with different categories of movements and detect intra-movement heterogeneity in creativity profiles.

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BOLLYWOOD’S BATTLE

By Caroline Elliott and Sayantan Ghosh Dastidar

India has a longstanding reputation for its acclaimed film industry and continues to be by far the world’s largest producer of films. Nevertheless, domestic demand for films appears to be waning as in a number of developed countries with mature film industries. Results of the econometric analysis are used to demonstrate how the Indian film market can continue to have a significant positive impact on the Indian economy.

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HITTING THE ‘TRIPLE J HOTTEST 100’: WHAT IT MEANS FOR ARTISTS

By Paul Crosby, Liam Lenten and Jordi McKenzie

Music Australia Social Media

This study examines how success in an online music poll affects artists’ social media followers. On average, being voted into this poll increases artists’ followers by approximately double that of the control group. Furthermore, this increase is positively related to poll rank and less-established artists benefit relatively more from this success. Continue reading “HITTING THE ‘TRIPLE J HOTTEST 100’: WHAT IT MEANS FOR ARTISTS”

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