Mapping the relationship between the primary and the secondary art market
Journal of Economic and Financial Sciences
| Field | Value | |
| Title | Mapping the relationship between the primary and the secondary art market | |
| Creator | Baur, Peter Els, Gideon | |
| Description | The article endeavours to construct a model that links the gap between returns to an investment in ‘Fine Art’ and the ‘real’ price of the 'Fine Art' being traded. Thus the process used in creating shared value within the market for 'Fine Art' is examined. Art prices are usually set in the primary market through the auction process, which should also typically reflect an efficient way of creating shared value. As the auction process in the primary art market is not efficient; it does not create shared value as would occur in a typical free market structure. Artificial rigidities exist within the primary art market; thus the links between the primary art market and the secondary art market are shown by incorporating the concepts of the 'Value of Information' and ‘Strategic Uncertainty’ into the transmission mechanism. | |
| Publisher | AOSIS | |
| Date | 2015-07-30 | |
| Identifier | 10.4102/jef.v8i2.107 | |
| Source | Journal of Economic and Financial Sciences; Vol 8, No 2 (2015); 536-549 2312-2803 1995-7076 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://jefjournal.org.za/index.php/jef/article/view/107/103
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