We study the seventeenth-century market for figurative paintings in Italy analyzing original contracts between patrons and artists. We show that a number of supply and demand factors affected prices. We find a positive and concave relation between prices and size of paintings reflecting economies of scale. We show evidence of a positive relationship between prices and the number of figures depicted. Trade in paintings was sufficient to equalize prices between different destinations. Finally, we provide support for the Galenson hypothesis of a positive relation between age of experimental artists and quality as priced by the market. © The Economic History Association 2012.
Etro, F., & Pagani, L. (2012). The Market for Paintings in Italy during the XVII Century. THE JOURNAL OF ECONOMIC HISTORY, 72(2), 423-447 [10.1017/S0022050712000083].
|Citazione:||Etro, F., & Pagani, L. (2012). The Market for Paintings in Italy during the XVII Century. THE JOURNAL OF ECONOMIC HISTORY, 72(2), 423-447 [10.1017/S0022050712000083].|
|Tipo:||Articolo in rivista - Articolo scientifico|
|Carattere della pubblicazione:||Scientifica|
|Presenza di un coautore afferente ad Istituzioni straniere:||No|
|Titolo:||The Market for Paintings in Italy during the XVII Century|
|Autori:||Etro, F; Pagani, L|
|Data di pubblicazione:||2012|
|Rivista:||THE JOURNAL OF ECONOMIC HISTORY|
|Digital Object Identifier (DOI):||http://dx.doi.org/10.1017/S0022050712000083|
|Appare nelle tipologie:||01 - Articolo su rivista|