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The Death Effect in Art Prices: Evidence from Denmark

[journal article]

Maddison, David James

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Abstract Analysing a panel of paintings by Danish painters suggests that the conditional life expectancy of the artist at the time of sale has a negative impact on the sale price. This is consistent with the idea that artists share some of the characteristics of durable monopolists and that the ageing and ultimately the death of the artist represent acceptable forms of commitment not to ‘overproduce’. In addition interest in an artist’s work begins to wane after their death.
Document language English
Publication Year 2008
Page/Pages p. 1789-1793
Journal Applied Economics, 40 (2008) 14
Status Postprint; peer reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)