Using an exclusive data set consisting of the population of fine art auctions from 2000 to 2017 for Western artists, with over 2.6 million auction sales, we provide strong empirical evidence of a glass ceiling for female artists. First, we show that female artists are less likely to transition...

Using a unique historical data set, we show the value of expertise and reputation during the evolution of the art market. First, we illustrate how market dynamics encourage the entry of dealers with heterogeneous characteristics. Second, our results provide evidence that relatively larger...