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- W3148156921 abstract "Artworks can be considered either as an aesthetic attraction or as an investment opportunity. Investing in art has been treated as an alternative investment asset used to diversify the portfolio or as collateral, especially during times of uncertainty in financial markets. It should, however, be noted that certain specific features of artworks mean that investment in art cannot be compared to investment in conventional assets. In order to decide whether art is a good investment, it is necessary to estimate the expected returns that might be generated by such an investment. This requires the development of an art price index. The aim of this paper is to examine artworks as investment assets and to construct a price index of paintings made up of 17 Polish artists whose artworks were most often traded at auctions held in Poland between 2007 and 2013. In our research, we employ data on 1710 objects and apply the hedonic index methodology to estimate returns from the paintings market." @default.
- W3148156921 created "2021-04-13" @default.
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- W3148156921 date "2015-01-01" @default.
- W3148156921 modified "2023-09-23" @default.
- W3148156921 title "Constructing hedonic art price indexes for the Polish painting market. Using direct and indirect approaches" @default.
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