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  • Latin American art  (2)
  • 1
    Electronic Resource
    Electronic Resource
    Estimates, Bias and “No Sales” in Latin-American Art Auctions, 1977–1996 (1998)
    Springer
    Journal of cultural economics 22 (1998), S. 33-42 
    Details
    ISSN: 1573-6997
    Keywords: art auction ; Latin American art ; bias
    Source: Springer Online Journal Archives 1860-2000
    Topics: Art History , Economics
    Notes: Abstract Estimate bias and “no-sales” are investigated in the context of Latin American Art auctions conducted in New York between 1977 and 1996. We find that, using a new method for calculating bias, both Sotheby's and Christie's overestimated art (oil-on-canvas pieces) by 2.7 percent. The inclusion of “no-sales” raises that proportion to a full one-third of the art traded. Utilizing a binomial probit analysis, moreover, we find that the estimate “window” is negatively and significantly related to the likelihood of a “no sale” at auction.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1023/A:1007471016277
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    Paper (German National Licenses)
    Fulltext
  • 2
    Electronic Resource
    Electronic Resource
    The ``Death-Effect'' in Art Prices: A Demand-Side Exploration (2000)
    Springer
    Journal of cultural economics 24 (2000), S. 283-300 
    Details
    ISSN: 1573-6997
    Keywords: art prices ; auction markets ; Latin American art
    Source: Springer Online Journal Archives 1860-2000
    Topics: Art History , Economics
    Notes: Abstract Many factors affect the supply and demand characteristics of artists' output.This exploratory study focuses on a ``supply-induced'' demand effect –the death of the artist and the assurance that, from the perspective of thedurable goods monopolist, the output of the artist ends. While not purportingto be a formal test of that proposition, we observe, using U.S. auction data,a clustered rise in artists' values immediately around the time of death andsuggest some possible demand-side explanations using a sample of LatinAmerican artists between 1977 and 1996.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1023/A:1007618221648
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Paper (German National Licenses)
    Fulltext
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