Tag «art market»

Researchers from the Centre for Big Data in Economics and Finance at the HSE Faculty of Economic Sciences have found that facts from an artist’s life are statistically significant in pricing a painting, alongside such traditional characteristics as the material, the size of the canvas, or the presence of the artist’s signature. This conclusion is based on an analysis of prices for 15,000 works by 158 artists sold since 1999 by the major auction houses Sotheby’s and Christie’s. The article has been published in the journal Empirical Studies of the Arts.