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In Search of Stylized Facts on Art Market Prices: Evidence from the Secondary Market for Prints and Drawings in Italy |
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| Authors: | Guido Candela Antonello E Scorcu |
| Institution: | (1) Institute for Policy Analysis, University of Toronto, 140 St. George Street, Suite 707, Toronto, ON, Canada, M5S 3G6;(2) Schulich School of Business, York University, 4700 Keele Street, Toronto, ON, Canada, M3J 1P3 |
| Abstract: | In the paper we develop some price indices for the secondary market forprints and drawings in Italy for the period 1977–1999. Theempirical evidence suggests the emergence of causal links from thepainting series and consumer price series to the print and drawingsprice series. Within the secondary market, the drawings price seriesprecedes the print price series. |
| Keywords: | drawings Granger causality price indices prints |
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