Better off dead? Prices realised for Australian paintings sold at auction Coate, Bronwyn S. and Fry, Tim L. R. 2012, Better off dead? Prices realised for Australian paintings sold at auction, in ACEI 2010 : Proceedings of the 16th International Conference on Cultural Economics 2010, Association for Cultural Economics International, Copenhagen, Demark, pp. 1-27. Attached Files Name Description MIMEType Size Downloads Title Better off dead? Prices realised for Australian paintings sold at auction Author(s) Coate, Bronwyn S. Fry, Tim L. R. Conference name International Conference on Cultural Economics (16th : 2010 : Copenhagen, Denmark) Conference location Copenhagen, Denmark Conference dates 9-12 June, 2010 Title of proceedings ACEI 2010 : Proceedings of the 16th International Conference on Cultural Economics 2010 Editor(s) unknown Publication date 2012 Conference series International Conference on Cultural Economics Start page 1 End page 27 Total pages 27 Publisher Association for Cultural Economics International Place of publication Copenhagen, Demark Keyword(s) Australian paintings indigenous paintings auction prices death conditional life expectancy Summary Using auction sales data on Australian paintings over the period 1995 and 2003 we investigate the relationship between artists‟ living status and the price of paintings sold at auction. For deceased artists we consider the time since their death and for living artists their conditional life expectancy. Hedonic regression analysis is applied separately to the data on Indigenous and non-Indigenous paintings. Comparing the modelling results across Indigenous and non-Indigenous paintings we see evidence of two different patterns of response to an artist‟s living status. Both yield non-linear impacts but for Indigenous paintings these are quadratic and for non-Indigenous they are quartic. Thus the response to living status in the more recent market for Indigenous paintings is different to the more established market for non-Indigenous paintings. Whilst the responses differ for the two types of paintings, in answer to the question posed and in terms of the price of a painting at auction an artist is better off long dead or close to death. Language eng Field of Research 140219 Welfare Economics Socio Economic Objective 919999 Economic Framework not elsewhere classified HERDC Research category EN.1 Other conference paper HERDC collection year 2010 Persistent URL http://hdl.handle.net/10536/DRO/DU:30053505 Document type: Conference Paper Collection: Centre for Memory, Imagination and Invention Related Links Link Description Connect to conference information Go to link with your DU access privileges     Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Versions Version Filter Type Tue, 09 Jul 2013, 12:42:29 EST Wed, 10 Jul 2013, 08:49:58 EST Wed, 06 Nov 2013, 12:51:21 EST Thu, 07 Nov 2013, 07:29:36 EST Thu, 07 Nov 2013, 10:17:36 EST Thu, 07 Nov 2013, 10:29:20 EST Thu, 07 Nov 2013, 10:33:02 EST Thu, 07 Nov 2013, 14:23:38 EST Thu, 07 Nov 2013, 14:24:14 EST Fri, 08 Nov 2013, 10:31:36 EST Filtered Full Citation counts:   Cited 0 times in TR Web of Science Cited 0 times in Scopus Search Google Scholar Access Statistics: 60 Abstract Views, 2 File Downloads  -  Detailed Statistics Created: Tue, 09 Jul 2013, 12:42:20 EST by Bronwyn Coate

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