Does It Pay to Invest in Art? A Selection|Corrected Returns ...

Does it Pay to Invest in Art? A Selection-Corrected Returns ...

This paper shows the importance of correcting for sample selection when investing in illiquid assets that trade endogenously.

Does it pay to invest in Art? A Selection-corrected Returns Perspective

Does it pay to invest in Art? A Selection-corrected Returns. Perspective. Tinbergen Institute Discussion Paper, No. 13-152/IV/61. Provided in Cooperation with ...

Does it Pay to Invest in Art? A Selection-Corrected Returns ...

From a pure financial perspective, passive index investing in paintings is not a viable investment strategy once selection bias is accounted for. Our results ...

Does it pay to invest in art? A selection-corrected returns perspective

If the investor chooses to ignore the sample selection problem and assigns equal weight to art and stocks instead, she ends up reaping a portfolio Sharpe Ratio ...

Does it Pay to Invest in Art? A Selection-corrected Returns Perspective

Correcting for selection bias, the investor should optimally forego investing in a broad art portfolio, barring substantial non-monetary utility from owning and.

Does it pay to invest in art? Returns in fine art have been ... - Phys.org

Investors should buy paintings if they like looking at them, but not to make money, according to new research from the Luxembourg School of Finance.

DSF 61 Does it pay to invest in Art? A Selection-corrected Returns ...

From a pure financial perspective, passive index investing in paintings is not a viable investment strategy, once selection bias is accounted for. Our results ...

Does it Pay to Invest in Art? A Selection-Corrected Returns ...

By Arthur Korteweg, Roman Kräussl and Patrick Verwijmeren; Abstract: This paper shows the importance of correcting for sample selection when investing in ...

Does It Pay to Invest in Art? A Selection-Corrected Returns ...

This paper shows the importance of correcting for sample selection when investing in illiquid assets that trade endogenously.

Does it Pay to Invest in Art? A Selection-Corrected Returns ...

Request PDF | Does it Pay to Invest in Art? A Selection-Corrected Returns Perspective | This paper shows the importance of correcting for sample selection ...

Does it pay to invest in art? A selection-corrected returns perspective

From a pure financial perspective, passive index investing in paintings is not a viable investment strategy once selection bias is accounted for. Our results ...

Does it Pay to Invest in Art? A Selection-Corrected Returns ...

This paper shows the importance of correcting for sample selection when investing in illiquid assets that trade endogenously. Using a sample of 32928 ...

Does it Pay to Invest in Art? A Selection-Corrected Returns ...

... Investing in art-works can represent a sound alternative for of portfolio diversification as art sales indices present average annual return rates of 10% in ...

Does it pay to invest in art? Returns in fine art have been ...

Art has emerged as a new asset class for well-diversified portfolios, with the index of fine art sales, which is used by art advisors to sell art funds, showing ...

Does it pay to invest in art? A selection-corrected returns perspective

Investing in a broad portfolio of paintings is not attractive, but targeting specific styles or top-selling artists may add value. The ...

(PDF) Does It Pay to Invest in Art? A Selection-Corrected Returns ...

Investing in a broad portfolio of paintings is not attractive, but targeting specific styles or topselling artists may add value. The methodology extends ...

13-152/IV - Does it pay to invest in Art? A Selection-corrected ...

13-152/IV - Does it pay to invest in Art? A Selection-corrected Returns Perspective. Authors. Arthur Korteweg, Stanford Graduate School of Business, Stanford ...

Does it pay to invest in art? A selection-corrected returns perspective

Does it pay to invest in art? A selection-corrected returns perspective. Language : English. Author, co-author : Kräussl, Roman · mailto [University of ...

Does it Pay to Invest in Art? A Selection-Corrected ... - Altmetric

Investing in paintings may not be attractive but targeting specific styles or top-selling artists may be #Alts https://t.co/zizrkZTZ7j.

Research: Is Art a Good Investment? | Stanford Graduate School of ...

Art has been emerging as a new asset class for the well-diversified portfolio. The reported returns are enough to catch anyone's eye: the ...