title: Statistical Analysis of Artwork Price Distribution
metadata.name: dc.contributor.author
metadata.value: Kolycheva, Valeria A.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2019-05-08T18:28:36Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2019-05-08T18:28:36Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2016-03
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Kolyceva V. A. Statistical Analysis of Artwork Price Distribution. St Petersburg University Journal of Economic Studies, 2016, issue 1, pp. 42 - 55.
metadata.lang: en_GB
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/15489
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The phenomenon of the art market attracts the close attention of the scientific community abroad. In the mid-1960 s foreign experts proved that long-term economic growth cannot be achieved without the presence of a seemingly unprofi table cultural sphere. This was followed by scientific disputes about the financial prospects of artwork values. It is worth noting that a single approach has not yet been developed. Nevertheless, everyone agrees that artworks are shelters for the capital. The present study is divided into two parts. The first is to determine the specific quantitative indicators of the investment potential of artworks, namely: What is the average income from art investments? Is the probability of the partial or complete loss of capital high or whether it is possible to establish a risk-free period for the monument’s resale?
  The second aim is to find the profiling factor defining the art price. In other words, what is the reason for higher or, conversely, lower profits from the art resale: The initial estimate of the market? The artist’s popularity? Fashion? Or the transaction costs of acquisition? Refs 6. Tables 13.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Issue 1
metadata.lang: -
metadata.name: dc.subject
metadata.value: art market
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: works of art
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: shelter investments
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: variation analysis
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: correlation analysis
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Statistical Analysis of Artwork Price Distribution
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 42-55.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/15489/1/42-55.pdf
resources.format: Adobe PDF
resources.size: 162,65 kB