2 2 151-67 2016

Plotting the art market: An interview with Clare McAndrew

Clare McAndrew, Suhail Malik, Gerald Nestler

Abstract


Clare McAndrew is a leading analyst of the global art market. Here the guest editors of this special issue interview McAndrew on the structures of the art market, its sectorial and regional arrangements, and transformations in its historical, technical, and monetary operation. Their discussion highlights the rapid increase in prices for art and the global extension of the art market since the early-to-mid 2000s, as well as further changes to its operation wrought by the rise of online trading in the early 2010s.

Keywords


Art market, alternative asset class, auctions, market models, online art sales, valuation

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References


Ashenfelter, O. and Graddy, K. (2003) Auctions and the price of art. Journal of Economic Literature, 41(3): 763-88.

Hiscox Online Art Report (2016) Available at . Accessed 20 June 2016.

Rosen, S. (1981) The economics of superstars. American Economic Review, 71(5): 845-58

Tinbergen, J. (1962) Shaping the World Economy: Suggestions for an International Economic Policy. New York, NY: Twentieth Century Fund.

Veblen, T. (2009 [1899]). The Theory of the Leisure Class. Oxford: Oxford University Press.




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