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...

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 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 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 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...

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...

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,...

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...

Using an exclusive dataset on the Dutch primary art market derived from the Mondrian Fund, consisting of information on 10,922 artwork sales made by 96 Dutch artists from 2000 to 2010 in the Netherlands, we provide strong empirical evidence of the disappearance of the gender gap over time in...

Is art a safe haven in times of political or financial crisis? We trace the long-term performance of the UK art market during world wars, economic recessions, financial crises, inflationary periods, and changes in monetary policy. We digitalized historical auction archives to construct art price...

Non-Fungible Tokens (NTFs) artworks are increasingly traded. In this paper, we first investigate whether the market for crypto-art is informationally efficient and, secondly, if crypto-art can be considered as an alternative to real-world art rather than a haven for crypto-money speculative...

Employing the art-collection records of Burton and Emily Hall Tremaine, we consider whether early-stage art investors can be understood as venture capitalists. Because the Tremaines bought artists' work very close to an artwork's creation, with 69% of works in our study purchased within one year...

If a hypothetical investor diversifies her portfolio by investing in an index based upon the contemporary art market, has she invested in an efficient market or not? I investigate the presence of time series momentum in the market of contemporary living artists by considering a different...

To increase primary market sales, do artists alter the content of their work to follow trends? Our survey of U.S. visual fine artists finds that about half do. We compare these artists across demographic, market experience, and motivational measures, to construct a behavioral profile. We also...

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 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...

Based upon a series of interviews with art market experts, this article identifies and answers a significant, yet previously unexplored economics puzzle affecting the art market. Economic theory suggests that markets generally produce efficiency and social wealth, but when they fail, most actors...

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...

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...