Purpose The literature on the potential benefits of art investing has yet to consider the effects of categorizing world regional art markets (e.g. Latin American art) by artistic styles or movements (e.g. Latin American surrealism, Latin American conceptual art, etc.). We propose that such...

This study addresses a significant gap in the existing literature by conducting a comprehensive systematic review of the art market over the past 50 years, utilizing big data analysis and bibliometric methods. Through descriptive statistical analysis, we gained insights into research trends,...

The present study investigated the impact of trust, perceived value, emotional value, attitude, and relationship proneness on the purchase intention towards visual arts and the mediating effect of trust between relationship proneness and purchase intention in the UAE. Three hundred...

Art history may be at a turning point in the adoption of a quantitative approach typical of social sciences, and this book is a brilliant manifesto for this. It will be a fascinating reading for economic historians and cultural economists, and will hopefully foster interdisciplinary research,...

Fueled in part by the wealth recently created from digital currencies, major art dealers such as Christie’s and Sotheby’s have embraced the sale of non-fungible tokens attached to unique digital works of art. Non-fungible tokens, how they are related to the blockchain and short history so...

Analysts quantify price uncertainty through their estimates. This study utilizes the art market as an exogenous setting to explore how an increase in price uncertainty (e.g., the death of an artist) impacts the accuracy and precision of analysts' estimates. We find that in the year following an...

This paper discusses various aspects of the German art market, including a brief history of German art throughout the twentieth century and the great influence of World Wars I and II. Different styles and movements, such as Expressionism (e.g. Die Brücke, Der Blaue Reiter), Neue Sachlichkeit...

The art market, following the example of financial markets, is divided into a primary market, where works are traded directly from artists, and a secondary market that is mainly the auction market. Coronavirus disease 2019 (COVID-19) and galloping inflation have influenced the creation of a bull...

The intersection of recent advancements in generative artificial intelligence and blockchain technology has propelled digital art into the spotlight. Digital art pricing recognizes that owners derive utility beyond the artwork's inherent value. We incorporate the consumption utility associated...

The aim of this research was to examine the consumers' preference of paint purchase from the viewpoint of individuals employed in the Turkish paint industry. It was aimed to reach at least 278 individuals with a sampling error of 5%. Within this scope, 350 questionnaire forms were distributed...

This study addresses cross-border restitution claims to looted art, considering Nazi-looted art and colonial takings, but also more recent cultural losses resulting from illicit trafficking. Although these categories differ considerably, commonalties exist. The study highlights blind spots in...

This study addresses cross-border restitution claims to looted art, considering Nazi-looted art and colonial takings, but also more recent cultural losses resulting from illicit trafficking. Although these categories differ considerably, commonalties exist. The study highlights blind spots in...

"The art market is worth billions globally, despite the effects of the Covid-19 health pandemic. This book brings together a strong cast of contributors to explore contemporary and historical themes. Readers of the book will gain awareness of how historical foundations of arts markets continue...

"The outbreak of the First World War shattered the European art market. In its place, Maddalena Alvi argues, can be found the origins of a recognisably modern market of nationalised spheres driven by capitalist investment and speculation, yet open to wider social strata." - Provided by publisher

This paper mainly examines the nonlinear dynamics in the price series of the Chinese art market segments over the period from 2000 and 2018. We employ the hedonic price model to construct price indices of the Chinese art market segments and then investigate the nonlinearities and regime...

In this paper, we explore labeling strategies in markets trading credence goods and characterized by asymmetric information. Using the art market as a specific case study, we focus on labeling and pricesetting strategies behind autograph (A) and non-autograph artworks (NA). Non-autograph...

In this paper, we compute residual variance of art prices to examine asset pricing in contemporary art market. Our empirical work shows a few interesting results. First, we discover that the residual variance is significantly and positively related to the average price level achieved by an...

Digital art uses digital technology as part of the creative process or exhibition presentation. Crypto art is linked to blockchain technology and concerns certified digital artworks. Valuation profiles take their cues from the metrics traditionally used for copyright (royalty monetization or...

The latest wave of cryptomania has brought us yet another acronym after ICOs (initial coin offerings) – NFTs (non-fungible tokens). Touted as a means to render readily replicable digital art (and possibly other objects) rare and scarce, NFT-mania reached its apogee with the auction of...