Abstract

http://ssrn.com/abstract=2000709
 
 

References (49)



 
 

Citations (2)



 


 



Tribal Art Market: Signs and Signals


Guido Candela


University of Bologna - Department of Economics

Massimiliano Castellani


University of Bologna - Department of Economics; University of Bologna - Rimini Center for Economic Analysis (RCEA)

Pierpaolo Pattitoni


University of Bologna - Department of Management; University of Bologna - Rimini Center for Economic Analysis (RCEA)

February 7, 2012

Journal of Cultural Economics, Vol. 36, No. 4, 2012

Abstract:     
In this paper, we present a model for the marketability of a Tribal artwork and we test this model empirically using a unique hand-collected dataset, which comprises the worldwide Tribal art market auctions between 1999 and 2008. Our results show a significant relationship between the probability of an artwork to be sold and several signs and signals. The effect of the auction estimated prices on the probability of sales is nonlinear, and allows us to divide the Tribal art market into two price regimes. In the low-price regime, the effect of the auction estimated price on the probability of sales is negative. In the high-price regime, the effect of the auction estimated price on the probability of sales is positive.

Number of Pages in PDF File: 18

Keywords: Tribal art, Signs, Signals, Veblen effect, Conspicuous consumption

JEL Classification: C25, D44, Z11

Accepted Paper Series


Download This Paper

Date posted: February 7, 2012 ; Last revised: January 2, 2013

Suggested Citation

Candela, Guido and Castellani, Massimiliano and Pattitoni, Pierpaolo, Tribal Art Market: Signs and Signals (February 7, 2012). Journal of Cultural Economics, Vol. 36, No. 4, 2012. Available at SSRN: http://ssrn.com/abstract=2000709 or http://dx.doi.org/10.2139/ssrn.2000709

Contact Information

Guido Candela
University of Bologna - Department of Economics ( email )
Strada Maggiore 45
Bologna, 40125
Italy
+39 0541 434118-9 (Phone)
+39 0541 434120 (Fax)
Massimiliano Castellani
University of Bologna - Department of Economics ( email )
Strada Maggiore 45
Bologna, 40125
Italy
University of Bologna - Rimini Center for Economic Analysis (RCEA) ( email )
Via Patara, 3
Rimini (RN), RN 47900
Italy
Pierpaolo Pattitoni (Contact Author)
University of Bologna - Department of Management ( email )
Via Capo di Lucca, 34
Bologna, 40126
Italy
University of Bologna - Rimini Center for Economic Analysis (RCEA) ( email )
Via Patara, 3
Rimini (RN), RN 47900
Italy
Feedback to SSRN


Paper statistics
Abstract Views: 314
Downloads: 36
References:  49
Citations:  2

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo7 in 0.328 seconds