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Picasso Paintings at Auction, 1963–1994
Authors:Corinna Czujack
Institution:(1) Université Libre de Bruxelles, CP 139, Avenue F.-D., Roosevelt, 50, 1050 Brussels, Belgium
Abstract:We examine the market of Picassopaintings sold at auction between 1963 and 1994. Using the hedonic regression method we test whetherand in which way dimensions, materials used,signature, where and by whom the art work was sold,the catalogue raisonné number, working periods,exhibitions and provenance play a significant role inthe determination of the price. We find that manyfolk-assumptions are not supported by the data athand.
Keywords:cultural economics  art markets
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