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Returns on Indian Art during 2000–2013Eastern Economic Journal, 42
- Publisher
- Springer Journals
- Copyright
- Copyright © 2015 by Eastern Economic Association
- Subject
- Economics; Economics, general; Economic Theory/Quantitative Economics/Mathematical Methods
- ISSN
- 0094-5056
- eISSN
- 1939-4632
- DOI
- 10.1057/eej.2015.39
- Publisher site
- See Article on Publisher Site
Abstract
The market for modern Indian art is an emerging art market, having come into a proper existence only in the late 1990s. This market saw tremendous growth in its initial years, then a downturn that started around 2007–2008. Using data from auctions conducted by a major Indian art auctioneer, we estimate via hedonic regression a price index for paintings and drawings by Indian artists sold during 2000–2013. We are able to thus estimate a rate of return on Indian art as an investment and also shed light on what drives the price of a painting in the Indian market.
Journal
Eastern Economic Journal – Springer Journals
Published: Aug 3, 2015