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Price Indices for Artists – A Proposal |
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| Authors: | Guido?Candela Paolo?Figini |
| Institution: | (1) Dipartimento di Scienze Economiche, Università di Bologna, Strada Maggiore 45, I-40126 Bologna, Italy |
| Abstract: | This paper proposes a price index for artists adjusted for the quality of the paintings, based on the ratio between the average market price and the average pre-sale estimate for paintings. We apply this methodology to a group of selected artists and schools presented in auctions worldwide in the period 1990–2001. A comparison with quality unadjusted and hedonic indices is also conducted.JEL Classification: C10, Z11 |
| Keywords: | price indices auctions paintings hedonic price |
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