search query: @author Ekelund, R. B. Jr. / total: 2
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| Author: | Ekelund, R. B. Jr. Ressler, R. W. Watson, J. K. |
| Title: | The "Death-Effect" in Art Prices: A Demand-Side Exploration |
| Journal: | Journal of Cultural Economics
2000 : NOV, VOL. 24:4, p. 283-300 |
| Index terms: | ART PRICES AUCTIONS LATIN AMERICA |
| Language: | eng |
| Abstract: | Many factors affect the supply and demand characteristics of artists' output. This exploratory study focuses on a "supply-induced" demand effect - the death of the artist and the assurance that, from the perspective of the durable goods monopolist, the output of the artist ends. While not purporting to be a formal test of that proposition, the authors observe, using U.S. auction data, a clustered rise in artists' values immediately around the time of death and suggest some possible demand-side explanations using a sample of Latin American artists between 1977 and 1996. The paper provides a substential number of references on this subject. |
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