Sentiment and art prices

J.N.G. Penasse, L.D.R. Renneboog, C. Spaenjers

Research output: Contribution to journalArticleScientificpeer-review

Abstract

We hypothesize the existence of a slow-moving fad component in art prices. Using unique panel survey data on art market participants’ confidence levels in the outlook for a set of artists, we find that sentiment indeed predicts short-term returns.
Original languageEnglish
Pages (from-to)432-434
JournalEconomics Letters
Volume112
Issue number3
DOIs
Publication statusPublished - Mar 2014

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Artist
Survey data
Art market
Confidence
Sentiment
Fads

Keywords

  • Art
  • return predictability
  • sentiment
  • fads

Cite this

Penasse, J.N.G. ; Renneboog, L.D.R. ; Spaenjers, C. / Sentiment and art prices. In: Economics Letters. 2014 ; Vol. 112, No. 3. pp. 432-434.
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Penasse, JNG, Renneboog, LDR & Spaenjers, C 2014, 'Sentiment and art prices', Economics Letters, vol. 112, no. 3, pp. 432-434. https://doi.org/10.1016/j.econlet.2014.01.008

Sentiment and art prices. / Penasse, J.N.G.; Renneboog, L.D.R.; Spaenjers, C.

In: Economics Letters, Vol. 112, No. 3, 03.2014, p. 432-434.

Research output: Contribution to journalArticleScientificpeer-review

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KW - return predictability

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