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Journal Articles Economics Letters Year : 2014

Sentiment and art prices

Abstract

We hypothesize the existence of a slow-moving fad component in art prices. Using unique panel survey data on art market participants' confidence levels in the outlook for a set of artists, we find that sentiment indeed predicts short-term returns.

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hal-00982427 , version 1 (23-04-2014)

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Julien Pénasse, Luc Renneboog, Christophe Spaenjers. Sentiment and art prices. Economics Letters, 2014, 122 (3), pp.432-434. ⟨10.1016/j.econlet.2014.01.008⟩. ⟨hal-00982427⟩

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