This article analyzes the dynamic relationship between the international sculpture market
and the traditional financial investments during the 1985–2011 period. Three international …

This study is the first to find evidence of a home bias in prices of art, using a large and unique
data set of sculptures sold at international art auctions. All else equal, art prices are higher …

We would like to thank all the respondents of the questionnaire, as well as, those people
who helped us edit and modify the questionnaire. We would also like to thank our supervisor, …

The cross-sectional variation of stock returns used to be described by the Capital Asset
Pricing Model until the early 90‟ s. Anomalies, such as, book-to-market effect and small firm …

In this study I examine the absolute and time-varying weak-form market efficiency of the
international sculpture auction market. The results indicate that the sculpture market efficiency …

The main purpose of this thesis is to investigate the viability of sculpture as a potential
alternative investment. This goal is achieved through partly assessing the market quality of the …

The purpose of this study is to test whether the size of the pre-sale price estimate range
affects art auction prices and, if so, in what direction. We find that auction house art experts' …

By positing a rather general stochastic model of price change, I shall deduce a fairly sweeping
theorem in which next-period's price differences are shown to be uncorrelated with (if not …

… Vi vill också tacka Rustam Vosilov och Nicklas Bergström då ni med er uppsats lade ribban
för vad som är möjligt att åstadkomma med en D-uppsats. Vi tackar även Microsoft för VBA, …