PRICES OF PAINTINGS ON POLISH ART MARKET IN YEARS 2007-2010 : HEDONIC PRICE INDEX APPLICATION

  • Dorota Witkowska University of Lodz
  • Krzysztof Kompa Warsaw University of Life Sciences – SGGW
Keywords: Industrial enterprises, Enterprise innovation, Innovativenesss barriers, Research resultsPrice level variability, Production of fruits, Retail prices, Data analysisArt market, Investments in works of art, Price index

Abstract

Art market in post-communist Poland has been developing for 25 years now although it has been still small with total turnover in 2012 estimated as 0.2% of the world sales of artworks. Therefore the aim of the research is to describe the present state of the art market in Poland and to evaluate prices of paintings produced by 11 Polish artists whose artworks were traded the most often in years 2007-2010. In the research, employing data concerning 750 objects sold on auctions that held in Poland, hedonic index methodology is applied to estimate changes of prices at the paintings market. The results of authors' investigation show that the hedonic quality adjustment essentially influences evaluation of artworks' prices.

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Published
2014-09-30
How to Cite
Witkowska, D., & Kompa, K. (2014). PRICES OF PAINTINGS ON POLISH ART MARKET IN YEARS 2007-2010 : HEDONIC PRICE INDEX APPLICATION. Acta Scientiarum Polonorum. Oeconomia, 13(3), 127-141. Retrieved from https://js.wne.sggw.pl/index.php/aspe/article/view/4136
Issue
Vol 13 No 3 (2014): Acta Scientiarum Polonorum. Oeconomia
Section
Articles