Citation

The Impact of Color on Art Prices: An Examination of Latin American Art

Abstract | Word Stems | Keywords | Association | Citation | Similar Titles



Abstract:

Existing literature has ignored the potential effects that color may have on art prices (bearing a few recent exceptions). We examine 1,627 paintings executed by the “Big five” Latin American artists (Tamayo, Rivera, Matta, Lam and Botero) and sold at Christie’s and Sotheby’s between 2003 and 2017 to analyze this impact. The particular features of the Latin American art auction market, as well as the variety in a host of color related variables that characterize the paintings created by the “Big five” artists, offer a fertile setting to analyze this issue. We find strong evidence indicating that color analysis (in particular, color intensity, lightness and luminosity) is a crucial part of a pricing model for particular artists, and that the topic/motive of paintings, another relatively understudied subject, also affects art prices. Our results have implications for other areas such as consumer behavior.
Most Common Document Word Stems:

0 (1),

Author's Keywords:

Art returns, hedonic pricing model, Latin American art, RGB, Lab, grayscale, alternative investments
Convention
All Academic Convention can solve the abstract management needs for any association's annual meeting.
Submission - Custom fields, multiple submission types, tracks, audio visual, multiple upload formats, automatic conversion to pdf.Review - Peer Review, Bulk reviewer assignment, bulk emails, ranking, z-score statistics, and multiple worksheets!
Reports - Many standard and custom reports generated while you wait. Print programs with participant indexes, event grids, and more!Scheduling - Flexible and convenient grid scheduling within rooms and buildings. Conflict checking and advanced filtering.
Communication - Bulk email tools to help your administrators send reminders and responses. Use form letters, a message center, and much more!Management - Search tools, duplicate people management, editing tools, submission transfers, many tools to manage a variety of conference management headaches!
Click here for more information.

Association:
Name: BALAS
URL:
http://http://www.balas.org/


Citation:
URL: http://citation.allacademic.com/meta/p1347401_index.html
Direct Link:
HTML Code:

MLA Citation:

Garay, Urbi. and Pérez, Eduardo. "The Impact of Color on Art Prices: An Examination of Latin American Art" Paper presented at the annual meeting of the BALAS, University of San Diego, San Diego, USA, Mar 21, 2018 <Not Available>. 2018-10-15 <http://citation.allacademic.com/meta/p1347401_index.html>

APA Citation:

Garay, U. A. and Pérez, E. , 2018-03-21 "The Impact of Color on Art Prices: An Examination of Latin American Art" Paper presented at the annual meeting of the BALAS, University of San Diego, San Diego, USA Online <APPLICATION/PDF>. 2018-10-15 from http://citation.allacademic.com/meta/p1347401_index.html

Publication Type: Conference Paper/Unpublished Manuscript
Review Method: Peer Reviewed
Abstract: Existing literature has ignored the potential effects that color may have on art prices (bearing a few recent exceptions). We examine 1,627 paintings executed by the “Big five” Latin American artists (Tamayo, Rivera, Matta, Lam and Botero) and sold at Christie’s and Sotheby’s between 2003 and 2017 to analyze this impact. The particular features of the Latin American art auction market, as well as the variety in a host of color related variables that characterize the paintings created by the “Big five” artists, offer a fertile setting to analyze this issue. We find strong evidence indicating that color analysis (in particular, color intensity, lightness and luminosity) is a crucial part of a pricing model for particular artists, and that the topic/motive of paintings, another relatively understudied subject, also affects art prices. Our results have implications for other areas such as consumer behavior.


 
All Academic, Inc. is your premier source for research and conference management. Visit our website, www.allacademic.com, to see how we can help you today.