Considering all transactions related to modern and contemporary visual artists mediated by galleries in Italy between 2007 and 2012, we find that artist brand depends positively on talent, consolidated fame and volatile fame. These three latent characteristics have different impacts on the brand...

This note investigates price-formation mechanisms at work in the private art market. An analysis is provided on pricing of new artwork for the first sale. In a model with five different types of agents using a bargaining game approach, the artist's preferred market channel is identified. The...

An anti-foreign and anti-Christian uprising began in northern China in 1899, dubbed the “Boxer Rebellion” by the foreign powers that subsequently invaded China. In the courseof events, troops of the Eight-Nation Alliance began to arrive in Beijing in August 1900 and occupied the city. During...

Today's contemporary art world has to come to terms with a highly unstable socioeconomic context that is evolving rapidly and constantly, with the result that any analysis to establish the state of the demand and supply of artistic goods and services in a global scenario is quite complex. The...

We perform variance ratio tests based on non-parametric methods to detect the size of the random walk component of the US art auction prices. The past 134 years of the US art prices exhibit large transitory component (72%) and based on this, the random walk hypothesis does not hold. However,...

This paper highlights the paradoxical effects of increased price data in markets with difficult-to-value products where non-price factors are highly relevant. In the fine art market, the growth of market information providers facilitated access to auction price data, beneficial in a market noted...

Wie sich der Kunstmarkt verändert und welche Vorteile Sie davon haben -- Was Sie über den Kunstmarkt wissen sollten – von klassischen Ölgemälden bis hin zu Kryptokunst und NFTs -- Wie Sie gute Kunst erkennen und welche Qualitätskriterien Ihnen helfen -- Welche Kunst sich als Geldanlage...

If one should buy something only because one loves it for its beauty or some other aspect of aesthetic or personal appeal, one can never really lose. Individuals who collect art and who share the growing interest in art as an investment question whether art is a good investment particularly when...

Markt und Marketing der Contemporary Art – Accrochages und Arrondiertes -- Basisaspekte des Kunstmarktes unter besonderer Berücksichtigung der „Contemporary Art“ aus der Sicht der Marketingdisziplin -- Das Sammeln und Kaufen von Contemporary Art — Ein Ansatz zur Erfassung von Motivation...

"Preface Dear Reader: No matter the reason you picked up this book - whether it was assigned or freely chosen - I hope you feel warmly invited to pull up a chair to the economics of art, to form your own opinion, and to build your own tools. Although originally written for students in arts...

Economic Disruption and the Monetisation of French Collections -- Samuel Courtauld as Private Collector and Public Donor -- Albert Barnes as Currency Opportunist and 'Visionary Art Educator' -- Kojiro Matsukata and the Economics of Rodin in Japan -- Institutional Inertia and the National Gallery...

Hinter dem vielzitierten Nachfrageproblem des Kunstmarktes steht ein Vermittlungsproblem. Und hinter dem Vermittlungsproblem steht ein Geschäftsmodell, mit dem sich viele kleine und mittlere Galerien sehenden Auges in eine Bedeutungs- und Ergebniskrise manövrieren. Dieses Buch analysiert die...

During the Second Opium War (1856-1860), British and French troops fought to expand their privileges in China. The war ended in Beijing in October 1860 with the looting and burning of the Yuanmingyuan, one of the official seats of government of the Chinese Emperor to the northwest of the Chinese...

This article discusses the acquisition of East Asian porcelain for the furnishing of the Japanese Palace, Augustus the Strong’s pleasure palace in Dresden. It focuses on two important documents that give information on how and where porcelain was purchased in 18th century Saxony: firstly, the...

This article examines the exhibitions and sales of Yuanmingyuan (or ‘Summer Palace’) loot taken from China in October 1860 by two soldiers in the Anglo-French armies - James Bruce, 8th Earl of Elgin (1811-1863) and Captain Jean-Louis de Negroni (b.1820). Both men displayed their collections...

This article examines the ways how the formation of the Japanese ceramic collection of Sir William Van Horne (1843-1915) in Montreal was informed by art dealers and the global market of Japanese ceramics in the late 19th to early 20th century. Van Horne’s dealers, based in Japan and the US,...

The Hon. Henry Marsham (1845-1908) was a British businessman who collected Japanese works of art in Kyoto during the 1900s. His Kyoto ware collection at Maidstone Museum, Kent, is superior in both quantity and quality to other collections in Japan and overseas. The over 700 ceramic works in this...

This article attempts to show how East Asian art was sold and bought in Russia in the first decade after the revolution 1917 by taking the example of the State Museum of Oriental Art (SMOA) in Moscow. The emergence of the SMOA itself was a consequence of political change. East Asian art objects...

The trade in Far Eastern objects of art and consequently the establishment of an art market in Europe originated with the Dutch Verenigde Oostindische Compagnie (V.O.C.) in the seventeenth century. In Berlin during the period from 1850 to 1870, East Asian art was often sold in conjunction with...

In the example of research at the Museum Rietberg, the history of the art market for Chinese art from the provenance perspective presents itself as a history of collections. The article will demonstrate that an investigation into early art collectors can provide answers to the question when, how...

The subject of this article are the East Asian objects in the collection of Philipp Fürchtegott Reemtsma (1893-1959), a leading tobacco and cigarette manufacturer based in Hamburg. In 1968, to mark the tenth anniversary of Philipp F. Reemtsma’s death, his widow, Gertrud Reemtsma, produced a...

We analyze the evolution of the price of paintings in London auctions with a unique dataset of over 200,000 sales in the period 1780-1840. We build a price index for the representative painting through hedonic regressions controlling for the characteristics of auctions and paintings and for the...