Research-based policy analysis and commentary
By Belma Öztürkkal and Asli Togan-Egrican
Can art can be considered a safe haven during volatile times or a hedging option in general? we analyze long-term art auction sales data focusing on and around financial crisis periods in a volatile emerging market. Our findings suggest Turkish art returns are either negatively correlated or at low correlation with other investments, including the equity market.
Continue reading “THE ROLE OF ART INVESTMENT AS A HEDGE OR SAFE HAVEN”
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.
Continue reading “DOES BELONGING TO AN ARTISTIC MOVEMENT MAKE BETTER-SELLING ARTISTS?”
By Kim Oosterlinck and Anne-Sophie Radermecker
The value of a painting is influenced above all by the artist who created it and his reputation. But what about those whose names have not survived the test of time? For these painters, art historians often create a provisional name describing attributes of the painter or of a painting of reference. Our research analyses how the market values these paintings.
EconomistsTalkArt.org
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