RT Journal Article
SR Electronic
T1 The “Right” Price for Art Collectibles:<br/>
               <em>A Quantile Hedonic Regression Investigation of Picasso Paintings</em>
JF The Journal of Alternative Investments
FD Institutional Investor Journals
SP 89
OP 99
DO 10.3905/jai.2011.14.2.089
VO 14
IS 2
A1 Antonello E. Scorcu
A1 Roberto Zanola
YR 2011
UL https://pm-research.com/content/14/2/89.abstract
AB 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