haku: @indexterm ART MARKET / yhteensä: 45
viite: 22 / 45
| Tekijä: | Frey, B. Eichenberger, R. |
| Otsikko: | On the return of art investment analyses |
| Lehti: | Journal of Cultural Economics
1995 : VOL. 19:3, p. 207-220 |
| Asiasana: | ECONOMICS ART MARKET FINANCIAL MARKETS |
| Kieli: | eng |
| Tiivistelmä: | The authors survey more than twenty studies estimating rates of return of investment in single are objects and whole collections and evaluate the various approaches to are price movements taken so far. The majority of the estimates find lower returns for investments in are objects than for investments in financial assets. However , most existing analyses are restricted to auction data and neglect transactions cost and taxation. They partly focus on mechanistic calculations and disregard the distinguishing institutional and behavioral characteristics of art markets. |
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