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The art of valuation : using visual analysis to price classical paintings by Swedish Masters
Item metadata
dc.contributor.author | De Ridder, Adri | |
dc.contributor.author | Eriksen, Steffen | |
dc.contributor.author | Scholtens, Bert | |
dc.date.accessioned | 2024-01-23T12:30:13Z | |
dc.date.available | 2024-01-23T12:30:13Z | |
dc.date.issued | 2024-01-19 | |
dc.identifier | 298437089 | |
dc.identifier | 197264ca-39d9-43c5-85ef-aeb86af7b247 | |
dc.identifier | 85182804267 | |
dc.identifier.citation | De Ridder , A , Eriksen , S & Scholtens , B 2024 , ' The art of valuation : using visual analysis to price classical paintings by Swedish Masters ' , PLoS ONE , vol. 19 , no. 1 , e0296906 . https://doi.org/10.1371/journal.pone.0296906 | en |
dc.identifier.issn | 1932-6203 | |
dc.identifier.other | Jisc: 1685920 | |
dc.identifier.other | publisher-id: pone-d-23-12660 | |
dc.identifier.other | ORCID: /0000-0001-5774-5191/work/151761829 | |
dc.identifier.uri | https://hdl.handle.net/10023/29066 | |
dc.description.abstract | This study seeks to address the difficulty of pricing art and the limitations of conventional valuation models by using visual analysis to determine the price of paintings. We examine a large hand-collected sample of classical paintings by Swedish Masters, categorize them based on various dimensions, and reduce measurement error by visually examining and classifying each painting into a theme. We compare this ‘visual’ approach with the conventional ‘terminological’ approach. We find that the technique, theme, and auction house all have a substantial impact on the price. We argue that a visual inspection should take precedence over analysis based on the artwork’s title. This is because the latter leaves many artworks unclassified and results in a systematic bias. The study demonstrates the importance of using art-informed characteristics to reduce measurement error in pricing paintings. | |
dc.format.extent | 19 | |
dc.format.extent | 895056 | |
dc.language.iso | eng | |
dc.relation.ispartof | PLoS ONE | en |
dc.subject | DAS | en |
dc.title | The art of valuation : using visual analysis to price classical paintings by Swedish Masters | en |
dc.type | Journal article | en |
dc.contributor.institution | University of St Andrews. Finance (Business School) | en |
dc.identifier.doi | 10.1371/journal.pone.0296906 | |
dc.description.status | Peer reviewed | en |
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