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.
Elgamal, A., Saleh, B. (2015). Quantifying Creativity in Art Networks. International Conference on Computational Creativity (ICCC).
Etro, F., Stepanova, E. (2015). The Market for Paintings in Paris between Rococò and Romanticism. Kyklos 68(1), Venice, 68-1.
Førsund, F.R., Zanola, R. (2006). DEA Meets Picasso: The Impact of Auction Houses on the Hammer Price. Annals of Operations Research, 145(1), 149-165.
Frey, B.S., Pommerehne, W.W. (1989). Art Investment: An Empirical Inquiry. Southern Economic Journal, 56(2), 396-409.
Ginsburgh, V., Mei, J., Moses, M. (2006). The Computati on of Prices Indices. In Handbook of the economics of art and culture (Vol. 1, pp. 947-979).
Hill, R.J. (2013). Hedonic Price Indexes for Residenti al Housing: A Survey, Evaluati on and Taxonomy. Journal of Economic Surveys, 27(5), 879-914.
Hill, R.J., Scholz, M. (2013). Incorporating Geospatial Data into House Price Indexes: A Hedonic Imputati on Approach with Splines. Graz Economic Papers, 2014-05.
Jones, A.M., Zanola, R. (2011). Retransformation bias in the Adjacent Art Price Index. ACEIWorking Paper Series, (1).
Kim, M., Reinsdorf, M. (2013). A Test of Hedonic Price Indexes for Imports.
Kompa, K., Witkowska, D. (2014). Indeks Hedoniczny Malarstwa Polskiego dla Najbardziej Popularnych Autorów na rynku aukcyjnym w latach 2007-2010. Acta Universitati s Nicolai Copernici, 1(1), 7-26.
Kräussl, R., van Eisland, N. (2008). Constructing the True Art Market Index - A Novel 2-Step Hedonic Approach and its Applicati on to the German Art Market. CFS Working Paper Series, 2008/11.
Liu, x. (2014). Comparison of Hedonic and Repeat-Sales House Price Indexes: Turning Points, Appreciati ng Rates and Sample Bias.
Locatelli-Biey, M., Zanola, R. (2002). The Sculpture Market: An Adjacent Year Regression Index. Journal of Cultural Economics, 65-78.
Lucińska, A. (2014, December). The Art Market in the European Union. Internati onal Advances in Economic Research, 21(1), 67-79.
Mei, J., Moses, M. (2002). Art as an Investment and the Underperformance of Masterpieces. American Economic Review, 92(5), 1956-1668.
Moulton, B.R. (2001). The Expanding Role of Hedonic Methods in the Official Statistics of the United States. BEA Papers, 0018.
Plattner, S. (1998). A Most Ingenious Paradox: The Market for Contemporary Fine Art. American anthropologist, 100(2), 482-493.
Renneboog, L., Spaenjers, C. (2013). Buying Beauty: On prices and Returns in the Art Market. Management Science, 59(1), 36-53.
Renneboog, L., van Houte, T. (2002). The Monetary Appreciation of Paintings: From Realism to Magritte. Cambridge Journal of Economics, 26, 331-57.
Satimanon, T., Weatherspoon, D.D. (2010). Hedonic Analysis of Sustainable Food Products. Internati onal Food and Agribusiness Management Review, 13(4), 57-74.
Schneider, F., Pommerehne, W.W. (1983). Analyzing the Market of Works of Contemporary Fine Arts: An Exploratory Study. Journal of Cultural Economics, 7(2), 41-67.
Triplett , J. (2004). Handbook on Hedonic Indexes and Quality Adjustments in Price Indexes: Special Applicati on To Informati on Technology Products. Paris.
Velthuis, O. (2014). ArtRank and the Flippers: Apocalypse Now? Texte zur Kunst, 96, 34-49.
Wasshausen, D., Moulton, B.R. (2006). The Role of Hedonic Methods in Measuring Real GDP in the United States. BEA Papers, 0067.
Witkowska, D., Kompa, K. (2015). Constructi ng Hedonic Art Price Indexes for the Polish Painti ng Market using Direct and Indirect Approaches. AESTIMO, The IEB Internati onal Journal of Finance, 10, 2-25.