Different art objects are likely to be priced by means of different systems of hedonic characteristics; more precisely, different evaluation procedures for high and low price items are often postulated. However, the empirical evidence on this point is scant. The purpose of this paper is to fill this gap by using the quantile hedonic regression approach. Using a data set of 716 Picasso paintings sold at auction worldwide, we highlight the critical role of the price classes in determining the evaluation criteria of art items.

The “Right” Price for Art Collectibles: A Quantile Hedonic Regression Investigation of Picasso Paintings

SCORCU, ANTONELLO EUGENIO;
2011

Abstract

Different art objects are likely to be priced by means of different systems of hedonic characteristics; more precisely, different evaluation procedures for high and low price items are often postulated. However, the empirical evidence on this point is scant. The purpose of this paper is to fill this gap by using the quantile hedonic regression approach. Using a data set of 716 Picasso paintings sold at auction worldwide, we highlight the critical role of the price classes in determining the evaluation criteria of art items.
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11585/108089
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