Sentiment and art prices

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

Research output: Contribution to journalArticleScientificpeer-review

6 Citations (Scopus)

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

Keywords

  • Art
  • return predictability
  • sentiment
  • fads

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