The death effect in art prices: evidence from Denmark

C-Tier
Journal: Applied Economics
Year: 2008
Volume: 40
Issue: 14
Pages: 1789-1793

Authors (2)

David Maddison (University of Birmingham) Anders Jul Pedersen (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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 aging 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.

Technical Details

RePEc Handle
repec:taf:applec:v:40:y:2008:i:14:p:1789-1793
Journal Field
General
Author Count
2
Added to Database
2026-01-25