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Digitale Medien

The ``Death-Effect'' in Art Prices: A Demand-Side Exploration (2000)

Ekelund, R. B. ; Ressler, Rand W. ; Watson, John Keith

Springer

Journal of cultural economics 24 (2000), S. 283-300

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Details

ISSN: 1573-6997

Schlagwort(e): art prices ; auction markets ; Latin American art

Quelle: Springer Online Journal Archives 1860-2000

Thema: Kunstgeschichte , Wirtschaftswissenschaften

Notizen: 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.

Materialart: Digitale Medien

URL: http://dx.doi.org/10.1023/A:1007618221648

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