1. bookVolume 5 (2019): Issue 4 (December 2019)
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Prices of works of art by living and deceased artists auctioned in Poland from 1989 to 2012

Published Online: 30 Dec 2019
Page range: 112 - 127
Journal Details
License
Format
Journal
First Published
30 Mar 2018
Publication timeframe
1 time per year
Languages
English
Copyright
© 2020 Sciendo

Art is increasingly perceived as an investment asset among investors in Poland. In order to achieve high rates of return it is crucial to identify the main factors affecting the value of the works of art in the art market. Death of the artist seems to be one of the essential determinants influencing art market prices. The main aim of the study is to examine if the artist’s living status (i.e. information whether the artist did or did not live when the transaction was held) affects the prices of the works of art. According to the findings the largest percentage of the works of art that showed a price increase between the first and second auction was in the group of artists alive at the time of the first sale and deceased at the time of the second sale in comparison with artists alive and deceased at the time of both transactions.

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