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Author:Mei, J.
Moses, M.
Title:Art as an investment and the underperformance of masterpieces
Journal:American Economic Review
2002 : DEC, VOL. 92:5, p. 1656-1668
Index terms:ART
ART MARKET
AUCTIONS
INVESTMENT
Language:eng
Abstract:Two major obstacles in analyzing the art market are heterogeneity of artworks and infrequency of trading. The present paper overcomes these problems by constructing a new repeated-sales data based on auction art price records at the New York Public Library as well as the Watson Library at the Metropolitan Museum of Art.
SCIMA record nr: 243780
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