Full circle? A model of art prices, 1840-2000

Full circle? A model of art prices, 1840-2000
Document type
Working Paper
Swan, G M Peter; Cowan, Robin A
Manchester Business School
Date of publication
7 October 2003
University of Manchester Business School Working Papers
Business & management history: including the development of management thought, Trends: economic, social and technology trends affecting business
Business and management
Material type

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This paper is a contribution to the economic analysis of the market for art. In particular, the paper attempts to map the changing tastes for works of art as manifested in the prices of paintings sold at auction. There are two main goals in this work. The first is to draw a map to represent different artists on the surface of a sphere. The second is to describe how “cultivated taste” moves around that space.

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