Economics and Business Review

Volume 5 (19) Number 4 pp. 112-127

Adrianna Szyszka1, Sylwester Białowąs1

Poznań University of Economics and Business, Department of Market Research and Services Management, Poznań, Poland1

Prices of works of art by living and deceased artists auctioned in Poland from 1989 to 2012

Abstract:

Art is increasingly perceived as an investment asset among investors in
Poland. In order to achieve high rates of return it is crucial to identify the main factors
affecting the value of the works of art in the art market. Death of the artist seems
to be one of the essential determinants influencing art market prices. The main aim
of the study is to examine if the artist’s living status (i.e. information whether the artist
did or did not live when the transaction was held) affects the prices of the works of
art. According to the findings the largest percentage of the works of art that showed
a price increase between the first and second auction was in the group of artists alive
at the time of the first sale and deceased at the time of the second sale in comparison
with artists alive and deceased at the time of both transactions.

pub/2019_4_112.pdf Full text available in in Adobe Acrobat format:
http://www.ebr.edu.pl/volume19/issue4/2019_4_112.pdf
Keywords: art prices, living status, death effect, art market

DOI: 10.18559/ebr.2019.4.6

For citation:

MLA Szyszka, Adrianna, and Sylwester Białowąs. "Prices of works of art by living and deceased artists auctioned in Poland from 1989 to 2012 ." Economics and Business Review EBR 19.4 (2019): 112-127. DOI: 10.18559/ebr.2019.4.6
APA Szyszka, A., & Białowąs, S. (2019). Prices of works of art by living and deceased artists auctioned in Poland from 1989 to 2012 . Economics and Business Review EBR 19(4), 112-127 DOI: 10.18559/ebr.2019.4.6
ISO 690 SZYSZKA, Adrianna, BIAłOWąS, Sylwester. Prices of works of art by living and deceased artists auctioned in Poland from 1989 to 2012 . Economics and Business Review EBR, 2019, 19.4: 112-127. DOI: 10.18559/ebr.2019.4.6