An empirical analysis of price differences for male and female artists in the global art market
| Autor: | Fabian Bocart, Rachel A.J. Pownall, Marina Gertsberg |
|---|---|
| Přispěvatelé: | RS: GSBE Theme Sustainable Development, RS: GSBE Theme Human Decisions and Policy Design, RS: GSBE Theme Culture, Ethics & Leadership, RS: GSBE Theme Creativity, Innovation & Entrepreneurship, Finance, RS: GSBE UM-BIC |
| Rok vydání: | 2021 |
| Předmět: |
media_common.quotation_subject
Economics Econometrics and Finance (miscellaneous) art market The arts Visual arts gender economics Human Capital Skills Occupational Choice Labor Productivity 0502 economics and business Common value auction 050207 economics Market share media_common Auctions Wage Level and Structure Wage Differentials business.industry Labour economics 05 social sciences Cultural Economics: Economics of the Arts and Literature Secondary market Art j71 - Labor Discrimination Cultural economics Fine art z11 - Cultural Economics: Economics of the Arts and Literature Value (economics) 050211 marketing Labor Discrimination business Period (music) |
| Zdroj: | Journal of Cultural Economics, 46(3), 543-565. Springer Verlag |
| ISSN: | 1573-6997 0885-2545 |
| DOI: | 10.1007/s10824-020-09403-2 |
| Popis: | We study prices paid at auction for artworks created by male and female artists, based on birth-identified sex, and how these prices have evolved over time. Artworks produced by female artists comprise less than 4% of art auction sales; after controlling for artwork characteristics, we find that artworks by female artists are 4.4% more expensive than artworks by male artists. In the top echelon of the art market—for sales above $1 million—artworks by male artists sell for 18.4% more than by female artists. The top 40 artists represent 40% of total market share; no female artist makes the top 40 ranking of artists in terms of total sales value at auction in the period under study, 2000–2017. However, for contemporary artists, our empirical results show that works by male artists sell for 8.3% more than their female counterparts. Overall, this study highlights significant price differences across birth-identified sex in the secondary market for fine art. |
| Databáze: | OpenAIRE |
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