Prices of Works of Art by Living and Deceased Artists Auctioned in Poland from 1989 to 2012

Adrianna Szyszka , Sylwester Białowąs

Abstract

Art is increasingly perceived as an investment asset among investors in Poland. In order to achieve high rates of return it is crucial to identify the main factors affecting the value of the works of art in the art market. Death of the artist seems to be one of the essential determinants influencing art market prices. The main aim of the study is to examine if the artist's living status (i.e. information whether the artist did or did not live when the transaction was held) affects the prices of the works of art. According to the findings the largest percentage of the works of art that showed a price increase between the first and second auction was in the group of artists alive at the time of the first sale and deceased at the time of the second sale in comparison with artists alive and deceased at the time of both transaction
Author Adrianna Szyszka (WZ / KBRiU)
Adrianna Szyszka,,
- Department of Research Markets and Services
, Sylwester Białowąs (WZ / KBRiU)
Sylwester Białowąs,,
- Department of Research Markets and Services
Journal seriesEconomics and Business Review, [Poznan University of Economics Review, Poznań University of Economics Review (Economics and Business Review)], ISSN 2392-1641, e-ISSN 2450-0097, [1643-5877], (N/A 40 pkt)
Issue year2019
Vol5
No4
Pages112-127
Publication size in sheets0.75
Keywords in Polishceny dzieł sztuki, ceny malarstwa, status życia artysty, efekt śmierci, rynek sztuki, aukcje dzieł sztuki
Keywords in Englishart prices, living status, death effect, art market
DOIDOI:10.18559/ebr.2019.4.6
URL https://www.ebr.edu.pl/pub/2019_4_112.pdf
Languageen angielski
File
EBR volume5_Issue4_06_paper.pdf.pdf 1.12 MB
Score (nominal)40
Score sourcejournalList
ScoreMinisterial score = 40.0, 06-04-2020, ArticleFromJournal
Publication indicators WoS Citations = 0
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