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.
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JEL Classification: C10, Z11
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Candela, G., Figini, P. & Scorcu, A.E. Price Indices for Artists – A Proposal. J Cult Econ 28, 285–302 (2004). https://doi.org/10.1007/s10824-004-2529-x
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DOI: https://doi.org/10.1007/s10824-004-2529-x