Micro Seminars EUR

Speaker(s)
Patrick Verwijmeren (Erasmus University Rotterdam)
Date
Friday, 18 May 2018
Time
12.00-13.00
Venue
Erasmus University Rotterdam, Burg. Oudlaan 50, Tinbergen building, room H09-02RotterdamNetherlands
Contact person(s)
Robert Dur

In the secondary art market, artists play no active role. This allows us to isolate cultural influences on the demand for female artists’ work from supply-side factors. Using 1.5 million auction transactions in 45 countries, we document a 47.6% gender discount in auction prices for paintings. The discount is higher in countries with greater gender inequality. In experiments, participants are unable to guess the gender of an artist simply by looking at a painting and they vary in their preferences for paintings associated with female artists. Women’s art appears to sell for less because it is made by women.

Click here to read the full paper.

Keywords: Art, Auction, Gender, Culture, Inequality

JEL Classification: Z11, J16, D44