Authors
Renee B Adams, Roman Kräussl, Marco A Navone, Patrick Verwijmeren
Publication date
2017/12/6
Journal
Identifying Cultural Attitudes with Art Auction Prices (December 6, 2017)
Description
In the secondary art market, artists play no active role. This allows us to isolate cultural influences on the demand for female artists’ work from supply-side factors. Using 1.5 million auction transactions in 45 countries, we document a 47.6% gender discount in auction prices for paintings. The discount is higher in countries with greater gender inequality. In experiments, participants are unable to guess the gender of an artist simply by looking at a painting and they vary in their preferences for paintings associated with female artists. Women's art appears to sell for less because it is made by women.
Total citations
20182019202020212022202320245511121221
Scholar articles
RB Adams, R Kräussl, MA Navone, P Verwijmeren - Identifying Cultural Attitudes with Art Auction Prices …, 2017