Art as an investment: Risk, return and portfolio diversification in major painting markets

By Andrew C. Worthington, H. Higgs. 2004

117 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Visual Arts and Performing Arts

View Paper: https://www.semanticscholar.org/paper/65e52118e478a0d7f5eb7ce0d0cc64aed54049aa

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Andrew C. Worthington
2. H. Higgs

In Finance

1. H. Higgs
2. Andrew C. Worthington

In Visual Arts and Performing Arts

1. Andrew C. Worthington

Citations in the corpus

• Financial Returns and Price Determinants in the Australian Art Market, 1973-2003* (2005, background): “This would permit the development of a capital asset pricing model in art along the lines of Locatelli Biey and Zanola (1999) or the construction of Markowitz efficient art portfolios in a similar manner to Worthington and Higgs (2004).”
• THE PRICE OF ART (2013, unknown): “Studies of long-term profits from art investment have been inconclusive and suggest different findings: art investments are less profitable than alternative investments in the financial market, they are equally profitable, or they provide advantages in diversified portfolios (Frey and Eichenberger 1”