{"id":"https://openalex.org/W1986298202","doi":"https://doi.org/10.1080/00036840802400462","title":"An analysis of pricing and returns in the market for French Canadian paintings","display_name":"An analysis of pricing and returns in the market for French Canadian paintings","publication_year":2009,"publication_date":"2009-05-14","ids":{"openalex":"https://openalex.org/W1986298202","doi":"https://doi.org/10.1080/00036840802400462","mag":"1986298202"},"language":"en","primary_location":{"id":"doi:10.1080/00036840802400462","doi":"https://doi.org/10.1080/00036840802400462","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00036840802400462","pdf_url":null,"source":{"id":"https://openalex.org/S201533460","display_name":"Applied Economics","issn_l":"0003-6846","issn":["0003-6846","1466-4283"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5026152427","display_name":"Douglas J. Hodgson","orcid":"https://orcid.org/0000-0003-3410-7415","observed_orcids":["https://orcid.org/0000-0003-3410-7415"]},"institutions":[{"id":"https://openalex.org/I159129438","display_name":"Universit\u00e9 du Qu\u00e9bec \u00e0 Montr\u00e9al","ror":"https://ror.org/002rjbv21","country_code":"CA","type":"education","lineage":["https://openalex.org/I159129438","https://openalex.org/I49663120"]}],"countries":["CA"],"is_corresponding":true,"raw_author_name":"Douglas Hodgson","raw_affiliation_strings":["Department of Economics, UQAM, CP 8888, succ. Centre-Ville, Montreal, QC H3C 3P8, Canada"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, UQAM, CP 8888, succ. Centre-Ville, Montreal, QC H3C 3P8, Canada","institution_ids":["https://openalex.org/I159129438"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5026152427"],"corresponding_institution_ids":["https://openalex.org/I159129438"],"apc_list":null,"apc_paid":null,"fwci":24.8583,"has_fulltext":false,"cited_by_count":8,"citation_normalized_percentile":{"value":0.98995286,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":"43","issue":"1","first_page":"63","last_page":"73"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T13342","display_name":"Art History and Market Analysis","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1213","display_name":"Visual Arts and Performing Arts"},"field":{"id":"https://openalex.org/fields/12","display_name":"Arts and Humanities"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T13342","display_name":"Art History and Market Analysis","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1213","display_name":"Visual Arts and Performing Arts"},"field":{"id":"https://openalex.org/fields/12","display_name":"Arts and Humanities"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/art-market","display_name":"art market","score":0.9129999876022339},{"id":"https://openalex.org/keywords/auction-prices","display_name":"auction prices","score":0.7950000166893005},{"id":"https://openalex.org/keywords/art-valuation","display_name":"art valuation","score":0.8140000104904175},{"id":"https://openalex.org/keywords/hedonic-pricing","display_name":"hedonic pricing","score":0.7870000004768372},{"id":"https://openalex.org/keywords/art-investment","display_name":"art investment","score":0.7149999737739563},{"id":"https://openalex.org/keywords/capital-asset-pricing-model","display_name":"capital asset pricing model","score":0.9139999747276306}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7261176705360413},{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.6748934984207153},{"id":"https://openalex.org/C181236170","wikidata":"https://www.wikidata.org/wiki/Q848354","display_name":"Capital asset pricing model","level":2,"score":0.6584370136260986},{"id":"https://openalex.org/C205783811","wikidata":"https://www.wikidata.org/wiki/Q11629","display_name":"Painting","level":2,"score":0.5807424187660217},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.5679981708526611},{"id":"https://openalex.org/C19963470","wikidata":"https://www.wikidata.org/wiki/Q5035695","display_name":"Capital asset","level":2,"score":0.5365597605705261},{"id":"https://openalex.org/C2780801425","wikidata":"https://www.wikidata.org/wiki/Q5164392","display_name":"Construct (python library)","level":2,"score":0.45656806230545044},{"id":"https://openalex.org/C167626555","wikidata":"https://www.wikidata.org/wiki/Q5164759","display_name":"Consumption-based capital asset pricing model","level":3,"score":0.431460440158844},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.4111332893371582},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.39457520842552185},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.13676807284355164},{"id":"https://openalex.org/C52119013","wikidata":"https://www.wikidata.org/wiki/Q50637","display_name":"Art history","level":1,"score":0.085479736328125},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C142362112","wikidata":"https://www.wikidata.org/wiki/Q735","display_name":"Art","level":0,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1080/00036840802400462","doi":"https://doi.org/10.1080/00036840802400462","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00036840802400462","pdf_url":null,"source":{"id":"https://openalex.org/S201533460","display_name":"Applied Economics","issn_l":"0003-6846","issn":["0003-6846","1466-4283"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Economics","raw_type":"journal-article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.523.3698","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.523.3698","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://economics.ca/2007/papers/0151.pdf","raw_type":"text"},{"id":"pmh:oai:RePEc:taf:applec:v:43:y:2011:i:1:p:63-73","doi":null,"is_oa":false,"landing_page_url":"http://www.tandfonline.com/doi/abs/10.1080/00036840802400462","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320334617","display_name":"Social Sciences and Humanities Research Council of Canada","ror":"https://ror.org/04j5jqy92"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":28,"referenced_works":["https://openalex.org/W1502968860","https://openalex.org/W1508218098","https://openalex.org/W1511563666","https://openalex.org/W1552863071","https://openalex.org/W1553069513","https://openalex.org/W1575641806","https://openalex.org/W1592251144","https://openalex.org/W1963874316","https://openalex.org/W2010997253","https://openalex.org/W2029056003","https://openalex.org/W2053053346","https://openalex.org/W2079615115","https://openalex.org/W2082527295","https://openalex.org/W2083148578","https://openalex.org/W2086350462","https://openalex.org/W2104795328","https://openalex.org/W2117891924","https://openalex.org/W2129905273","https://openalex.org/W2140111038","https://openalex.org/W2169210496","https://openalex.org/W2312560584","https://openalex.org/W3124693872","https://openalex.org/W3125584179","https://openalex.org/W4233014035","https://openalex.org/W4239488419","https://openalex.org/W4285719527","https://openalex.org/W4300567850","https://openalex.org/W4386065007"],"related_works":["https://openalex.org/W2169210496","https://openalex.org/W1553069513","https://openalex.org/W7008193763","https://openalex.org/W7099434035","https://openalex.org/W7198143882","https://openalex.org/W2312731311","https://openalex.org/W7098852590","https://openalex.org/W179247905","https://openalex.org/W2030480131","https://openalex.org/W1965716529"],"abstract_inverted_index":{"The":[0],"valuation":[1],"of":[2,12,34,61,64],"French":[3,17,99],"Canadian":[4,18,100],"paintings":[5],"is":[6,53],"analysed":[7],"empirically.":[8],"Using":[9],"a":[10,48,57],"sample":[11],"auction":[13,41],"prices":[14],"for":[15,20,92,98],"major":[16],"painters":[19],"the":[21,32,62,74,85,96],"period":[22],"1968":[23],"to":[24,30,46,76],"2005,":[25],"we":[26],"run":[27],"hedonic":[28],"regressions":[29],"determine":[31],"influence":[33],"various":[35],"factors,":[36],"including":[37],"painter":[38],"identity,":[39],"on":[40],"prices,":[42],"as":[43,45,69,82],"well":[44],"construct":[47],"market":[49,97],"price":[50,93],"index.":[51],"This":[52],"then":[54],"used":[55],"in":[56,95],"second":[58],"stage":[59],"analysis":[60],"properties":[63],"these":[65],"art":[66],"works":[67],"viewed":[68],"investment":[70],"assets.":[71],"We":[72],"consider":[73],"extent":[75],"which":[77],"standard":[78],"asset":[79,87],"pricing":[80,88],"theory,":[81],"represented":[83],"by":[84],"capital":[86],"model,":[89],"can":[90],"account":[91],"movements":[94],"paintings.":[101]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2014,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}