Sentiment and art prices

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

doi:10.1016/j.econlet.2014.01.008

Sentiment and art prices

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

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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 language	English
Pages (from-to)	432-434
Journal	Economics Letters
Volume	112
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2014.01.008
Publication status	Published - Mar 2014

Keywords

Art
return predictability
sentiment
fads

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10.1016/j.econlet.2014.01.008

1-s2.0-S0165176514000160-mainFinal published version, 382 KBLicence: Taverne

Cite this

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title = "Sentiment and art prices",

abstract = "We hypothesize the existence of a slow-moving fad component in art prices. Using unique panel survey data on art market participants{\textquoteright} confidence levels in the outlook for a set of artists, we find that sentiment indeed predicts short-term returns.",

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author = "J.N.G. Penasse and L.D.R. Renneboog and C. Spaenjers",

year = "2014",

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AU - Renneboog, L.D.R.

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AB - 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.

KW - Art

KW - return predictability

KW - sentiment

KW - fads

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DO - 10.1016/j.econlet.2014.01.008

M3 - Article

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VL - 112

SP - 432

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JO - Economics Letters

JF - Economics Letters

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ER -

Sentiment and art prices

Abstract

Keywords

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