The paper summarizes from an economic point of view the consequences of the introduction and of the discovery of counterfeited artworks. We develop an innovative approach based on econometric method that identifiy the development of the market in absence of the fakes discovery shock. We compare the predicted dynamics of the market in absence of shock with the actual perfomance, evaluating empirically the differences. We apply this methodology to the case of the Italian pop artist Franco Angeli.
The fine art market with counterfeited paintings. An economic exploration.
Antonello Eugenio Scorcu;Laura Vici;ZANOLA, ROBERTO
2018
Abstract
The paper summarizes from an economic point of view the consequences of the introduction and of the discovery of counterfeited artworks. We develop an innovative approach based on econometric method that identifiy the development of the market in absence of the fakes discovery shock. We compare the predicted dynamics of the market in absence of shock with the actual perfomance, evaluating empirically the differences. We apply this methodology to the case of the Italian pop artist Franco Angeli.File in questo prodotto:
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