Price Indices for Artists – A Proposal

Guido Candela, Paolo Figini and Antonello Scorcu

Journal of Cultural Economics, 2004, vol. 28, issue 4, 285-302

Abstract: This paper proposes a price index for artists adjusted for the quality of the paintings, based on the ratio between the average market price and the average pre-sale estimate for paintings. We apply this methodology to a group of selected artists and schools presented in auctions worldwide in the period 1990–2001. A comparison with quality unadjusted and hedonic indices is also conducted. Copyright Kluwer Academic Publishers 2004

Keywords: price indices; auctions; paintings; hedonic price (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:kap:jculte:v:28:y:2004:i:4:p:285-302

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DOI: 10.1007/s10824-004-2529-x

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