An exploration of auction price concentration at the artist level

Fry, TRL ORCID: https://orcid.org/0000-0002-3763-5152, 2025. An exploration of auction price concentration at the artist level. Australian Economic Papers. ISSN 0004-900X

Preview

Text 2401830_Fry.pdf - Published version Download (345kB) | Preview

Abstract

Auction price studies have typically had an object-based focus, employing models to understand the prices of artworks. In this paper, we take an alternative focus on price heterogeneity, considering the artist, not the artworks, as the level of observation. Understanding how factors relating to the artist, such as gender and region, and their work, such as how diverse their oeuvre is, provides new insights into our overall understanding of price heterogeneity in the art auction market. Using panel data from the Australian Art Sales Digest for auctions containing artworks by Australian Indigenous artists, we investigate artist-level price heterogeneity. We find significant impacts of product and supply diversity, regions, fame and the living status of the artist, particularly a strong death effect. Conversely, there are no significant effects of artist supply factors (number of works offered) or the gender of the artist.

Item Type:	Journal article
Publication Title:	Australian Economic Papers
Creators:	Fry, T.R.L.
Publisher:	Wiley
Date:	2 March 2025
ISSN:	0004-900X
Identifiers:	Number Type 10.1111/1467-8454.12394 DOI 2401830 Other
Rights:	© 2025 The Author(s). Australian Economic Papers published by John Wiley & Sons Australia, Ltd. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
Divisions:	Schools > Nottingham Business School
Record created by:	Laura Borcherds
Date Added:	11 Mar 2025 14:12
Last Modified:	11 Mar 2025 14:12
URI:	https://irep.ntu.ac.uk/id/eprint/53233

Actions (login required)

Edit View

Statistics

Views

Downloads