On the rate of return in the art market: Survey and evaluation
نویسندگان
چکیده
Existing estimates of rates of return on single art objects and whole collections are surveyed and critically evaluated. The psychic benefits from art are, in the few cases they are considered at all, derived from the difference to financial returns on other markets. This paper discusses determinants of psychic benefits and suggests rental fees and willingness to pay studies as a possible way to analyze and estimate the psychic benefits from art.
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