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An empirical analysis of price differences for male and female artists in the global art market

Author

Listed:
  • Fabian Y. R. P. Bocart

    (Artnet Worldwide Corporation)

  • Marina Gertsberg

    (Monash University)

  • Rachel A. J. Pownall

    (Maastricht University)

Abstract

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.

Suggested Citation

  • Fabian Y. R. P. Bocart & Marina Gertsberg & Rachel A. J. Pownall, 2022. "An empirical analysis of price differences for male and female artists in the global art market," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 46(3), pages 543-565, September.
    • Handle: RePEc:kap:jculte:v:46:y:2022:i:3:d:10.1007_s10824-020-09403-2
    DOI: 10.1007/s10824-020-09403-2
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    Cited by:

    1. Karol Jan Borowiecki & Martin Hørlyk Kristensen & Marc T. Law, 2024. "Where are the Female Composers? Evidence on the Extent and Causes of Gender Inequality in Music History," Working Papers 0252, European Historical Economics Society (EHES).
    2. Claire Dupin Beyssat & Diana Seave Greenwald & Kim Oosterlinck, 2023. "Measuring nepotism and sexism in artistic recognition: the awarding of medals at the Paris Salon, 1850–1880," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 47(3), pages 407-436, September.
    3. Vecco, Marilena & Prieto-Rodriguez, Juan & Teerink, Simone, 2024. "Climbing the ladder? The gender gap in art prices across artists’ cohorts in the Dutch art market," European Economic Review, Elsevier, vol. 163(C).

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