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dc.contributor.authorHiggs, H
dc.contributor.authorForster, J
dc.date.accessioned2017-05-03T15:14:09Z
dc.date.available2017-05-03T15:14:09Z
dc.date.issued2014
dc.date.modified2014-09-08T22:10:11Z
dc.identifier.issn0885-2545
dc.identifier.urihttp://hdl.handle.net/10072/62736
dc.description.abstractWithin a hedonic pricing model the preferences of Australian art purchasers are investigated. Emphasis is placed on the impact of an artwork's dimensions upon its auction price. A salient aspect of this is the first test of the 'golden ratio' hypothesis in a market situation. It is concluded that purchasers prefer paintings that deviate from the golden rule. The 'orientation' of works (portrait, landscape or square) as well as size also helps determine price. The impact of winning the Archibald portraiture prize (Australia's foremost art prize) is found to have significant and positive impacts on winning artists' prices. This suggests that purchasers are not fully informed. In addition a previously unsuspected relationship between artwork dimensions and Archibald prize winners was found. As well as purchasers' preferences, the artists' choices of the dimensions of their artworks are considered.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherSpringer
dc.publisher.placeUnited States
dc.publisher.urihttp://link.springer.com/journal/10824
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom85
dc.relation.ispartofpageto104
dc.relation.ispartofissue1
dc.relation.ispartofjournalJournal of Cultural Economics
dc.relation.ispartofvolume38
dc.rights.retentionY
dc.subject.fieldofresearchApplied economics
dc.subject.fieldofresearchApplied economics not elsewhere classified
dc.subject.fieldofresearchcode3801
dc.subject.fieldofresearchcode380199
dc.titleThe auction market for artworks and their physical dimensions including the Golden Ratio: Australia – 1986 to 2009
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.hasfulltextNo Full Text
gro.griffith.authorForster, John J.
gro.griffith.authorHiggs, Helen


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    Contains articles published by Griffith authors in scholarly journals.

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