<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Due to the constantly growing interest in alternative investments, the art market has become the subject of numerous studies. By publishing sales data, many services and auction houses provide a foundation for further research on the latest trends. Determining the definition of the artistic value or formalisation of appraisal may be considered quite complex. Statistical analysis, econometric methods or data mining techniques could pave the way towards better understanding of the mechanisms occurring on the art market. The goal of this paper is to identify, describe and compare solutions (and related challenges) that help to analyse, make decisions and define state of the art in the context of the intersection of econometrics on art markets and computer science. This work is also a starting point for further research.</p></abstract>

Due to the constantly growing interest in alternative investments, the art market has become the subject of numerous studies. By publishing sales data, many services and auction houses provide a foundation for further research on the latest trends. Determining the definition of the artistic value or formalisation of appraisal may be considered quite complex. Statistical analysis, econometric methods or data mining techniques could pave the way towards better understanding of the mechanisms occurring on the art market. The goal of this paper is to identify, describe and compare solutions (and related challenges) that help to analyse, make decisions and define state of the art in the context of the intersection of econometrics on art markets and computer science. This work is also a starting point for further research.

Towards Data Oriented Analysis of the Art Market: Survey and Outlook

Department of Information Systems, Poznań University of Economics,

Department of Informati on Systems, Poznań University of Economics,

Financial Internet Quarterly

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

{"article-title":"Towards Data Oriented Analysis of the Art Market: Survey and Outlook"}

Due to the constantly growing interest in alternative investments, the art market has become the subject of numerous studies. By publishing sales data, many...

Towards Data Oriented Analysis of the Art Market: Survey and Outlook

Published Online: Feb 09, 2017

Page range: 21 - 31

Received: Aug 01, 2015

Accepted: Mar 14, 2016

DOI: https://doi.org/10.1515/fiqf-2016-0133

Keywords
art market analysis, hedonic regression

© 2017

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Towards Data Oriented Analysis of the Art Market: Survey and Outlook

Published Online: Feb 09, 2017

Page range: 21 - 31

Received: Aug 01, 2015

Accepted: Mar 14, 2016

DOI: https://doi.org/10.1515/fiqf-2016-0133

Keywordsart market analysis, hedonic regression

© 2017

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
art market analysis, hedonic regression