Kathryn Graddy, 21 September 2019

The auction market provides important information regarding prices to a host of players, including buyers, sellers, investors, students of art history, and even economists. Already dominating the high-end public auction system in art, Christie’s and Sotheby’s have recently been making a significant push into private sales. This column examines the potential implications of this move for the art market and whether it may decrease competition.

David Galenson, 08 October 2017

The abstract expressionists revolutionised the art world in the late 1940s, only to be displaced by the pop art revolution less than two decades later. This column uses auction price data to explore the life cycles of major painters from the two groups. The abstract expressionists were much older when they produced their peak value works, while the pop artists tended to be most productive in their twenties. The findings provide a systematic basis for dating these revolutions in art markets.

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