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Towards data oriented analysis of the art market: survey and outlook

Author

Listed:
  • Dominik Filipiak

    (Department of Informati on Systems, Poznañ University of Economics)

  • Agata Filipowska

    (Department of Informati on Systems, Poznañ University of Economics)

Abstract

Due to the constantly growing interest in alternati ve investments, the art market has become the subject of numerous studies. By publishing sales data, many services and aucti on houses provide a foundati on for further research on the latest trends. Determining the defi niti on of the arti sti c value or formalisati on of appraisal may be considered quite complex. Stati sti cal analysis, econometric methods or data mining techniques could pave the way towards bett er understanding of the mechanisms occurring on the art market. The goal of this paper is to identi fy, describe and compare soluti ons (and related challenges) that help to analyse, make decisions and defi ne state of the art in the context of the intersecti on of econometrics on art markets and computer science. This work is also a starti ng point for further research.

Suggested Citation

  • Dominik Filipiak & Agata Filipowska, 2016. "Towards data oriented analysis of the art market: survey and outlook," "e-Finanse", University of Information Technology and Management, Institute of Financial Research and Analysis, vol. 12(1), pages 21-31, June.
    • Handle: RePEc:rze:efinan:v:12:y:2016:i:1:p:21-31
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    File URL: http://www.e-finanse.com/artykuly_eng/334.pdf
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    References listed on IDEAS

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    Cited by:

    1. Mihaela-Eugenia VASILACHE, 2018. "Forecasting the Trend of Art Market," Computational Methods in Social Sciences (CMSS), "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences, vol. 6(1), pages 82-93, June.
    2. Jaehyuk Choi & Lan Ju & Jian Li & Zhiyong Tu, 2023. "Information extraction and artwork pricing," Papers 2302.08167, arXiv.org.

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    More about this item

    Keywords

    art market analysis; hedonic regression;

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature

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