Returns on Indian Art during 2000-2013

Title:
Returns on Indian Art during 2000-2013
Authors:
Hawkins, Jenny R.; Saini, Viplav
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.
Citation:
Hawkins, Jenny R., and Viplav Saini. 2016. "Returns on Indian Art During 2000-2013." Eastern Economic Journal 42(2): 302-310.
Publisher:
Palgrave Macmillan for the Eastern Economic Association
DATE ISSUED:
2016-10-31
Department:
Economics
Type:
Article
PUBLISHED VERSION:
10.1057/eej.2015.39
PERMANENT LINK:
http://hdl.handle.net/11282/620202

Full metadata record

DC FieldValue Language
dc.contributor.authorHawkins, Jenny R.en
dc.contributor.authorSaini, Viplaven
dc.date.accessioned2016-10-31T14:52:48Z-
dc.date.available2016-10-31T14:52:48Z-
dc.date.issued2016-10-31-
dc.identifier.citationHawkins, Jenny R., and Viplav Saini. 2016. "Returns on Indian Art During 2000-2013." Eastern Economic Journal 42(2): 302-310.en
dc.identifier.issn0094-5056-
dc.identifier.urihttp://hdl.handle.net/11282/620202-
dc.description.abstractThe 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.en
dc.publisherPalgrave Macmillan for the Eastern Economic Associationen
dc.identifier.doi10.1057/eej.2015.39-
dc.subject.departmentEconomicsen_US
dc.titleReturns on Indian Art during 2000-2013-
dc.typeArticleen
dc.identifier.journalEastern Economic Journalen
dc.subject.keywordArten_US
dc.subject.keywordAuctionen_US
dc.subject.keywordIndiaen_US
dc.subject.keywordPrice indexen_US
dc.subject.keywordHedonic regressionen_US
dc.identifier.volume42en_US
dc.identifier.issue2en_US
dc.identifier.startpage302en_US
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