While there are no significant investment characteristics that inhibit art from being
considered as an asset, a major hurdle has long been the lack of a systematic measure of its …

To put the ARTS & ECONOMICS next to each other, as in the title to this book, may be
shocking to some readers. Must not creative art be free of economic constraints, must it not …

El treball del professor Frey il· lumina aspectes insospitats de les activitats culturals i amplia
l'anàlisi econòmica més enllà de l'estudi de la mera producció de riquesa. L'economia de …

This paper considers the question of how to measure and interpret the financial return to
investing in collectibles. We review various methodologies for creating priced indexes and …

In this paper we look for relationships between art and financial markets through
econometric methods. The main results indicate that financial markets influence the art …

The present paper examines risk, return and the prospects for portfolio diversification among
major painting and financial markets over the period 1976–2001. The art markets examined …

We survey more than twenty studies estimating rates of return of investments in single art
objects and whole collections and evaluate the various approaches to art price movements …

Existing estimates of rates of return on single art objects and whole collections are surveyed
and critically evaluated. The psychic benefits from art are, in the few cases they are …

This paper proposes a price index for modern andcontemporary paintings based on
estimates and auctionprices. We use this index for the evaluation of theItalian art market and …

This study investigates how investments in paintings compare with those in stocks in terms
of risk–return trade‐off using Sharpe and Treynor ratios and Markowitz efficient frontiers. A …