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The Economics of American Art – Issues, Artists and Market Institutions | Oxford Scholarship Online
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The Economics of American Art: Issues, Artists and Market Institutions

Robert B. Ekelund Jr., John D. Jackson, and Robert D. Tollison

Abstract

The Economics of American Art focuses solely on critical economic aspects of the full range of American art (as opposed to art produced and traded in the United States). After a brief introduction to the history of this market, simple economics in both narrative and statistical form is used to plumb a number of important topics and issues. Using a unique sample of 14,000 art auction observations between 1987 and 2013 of eighty American artists born before 1950, several important topics related to art and the marketplace are examined. These include such matters as the age at which artists achie ... More

Keywords: American art, investment, art crime, art auction, “death effects”, art bubbles, artistic productivity, art marketing, fakes, contemporary art

Bibliographic Information

Print publication date: 2017 Print ISBN-13: 9780190657895
Published to Oxford Scholarship Online: July 2017 DOI:10.1093/oso/9780190657895.001.0001

Authors

Affiliations are at time of print publication.

Robert B. Ekelund Jr., author
Professor of Economics Emeritus, Auburn University

John D. Jackson, author
Professor Emeritus of Economics, Auburn University

Robert D. Tollison, author
J. Wilson Newman Professor and BB&T Senior Fellow, Clemson University