@article {Scorcu89, author = {Antonello E. Scorcu and Roberto Zanola}, title = {The {\textquotedblleft}Right{\textquotedblright} Price for Art Collectibles: A Quantile Hedonic Regression Investigation of Picasso Paintings }, volume = {14}, number = {2}, pages = {89--99}, year = {2011}, doi = {10.3905/jai.2011.14.2.089}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Different art objects are likely to be priced by means of different systems of hedonic characteristics; more precisely, different evaluation procedures for high- and low-price items are often postulated. However, the empirical evidence on this point is scant. The purpose of this article is to fill this gap with a quantile hedonic regression approach. Using a dataset of 716 Picasso paintings sold at auction worldwide, the authors highlight the critical role of the price classes in determining the evaluation criteria of art items.TOPICS: Real assets/alternative investments/private equity, statistical methods, performance measurement}, issn = {1520-3255}, URL = {https://jai.pm-research.com/content/14/2/89}, eprint = {https://jai.pm-research.com/content/14/2/89.full.pdf}, journal = {The Journal of Alternative Investments} }