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Towards Data Oriented Analysis of the Art Market: Survey and Outlook

Author

Listed:
  • Filipiak Dominik

    (Department of Information Systems, Poznań University of Economics, Poland)

  • Filipowska Agata

    (Department of Informati on Systems, Poznań University of Economics, Poland)

Abstract

Due to the constantly growing interest in alternative investments, the art market has become the subject of numerous studies. By publishing sales data, many services and auction houses provide a foundation for further research on the latest trends. Determining the definition of the artistic value or formalisation of appraisal may be considered quite complex. Statistical analysis, econometric methods or data mining techniques could pave the way towards better understanding of the mechanisms occurring on the art market. The goal of this paper is to identify, describe and compare solutions (and related challenges) that help to analyse, make decisions and define state of the art in the context of the intersection of econometrics on art markets and computer science. This work is also a starting point for further research.

Suggested Citation

  • Filipiak Dominik & Filipowska Agata, 2016. "Towards Data Oriented Analysis of the Art Market: Survey and Outlook," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 12(1), pages 21-31.
    • Handle: RePEc:vrs:finiqu:v:12:y:2016:i:1:p:21-31:n:1003
    DOI: 10.1515/fiqf-2016-0133
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    References listed on IDEAS

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    Keywords

    art market analysis; hedonic regression;

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