Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/182452
Authors: 
Adams, Renée
Kräussl, Roman
Navone, Marco
Verwijmeren, Patrick
Year of Publication: 
2018
Series/Report no.: 
CFS Working Paper Series 595
Abstract: 
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.
Subjects: 
Art
Auction
Gender
Culture
Bias
JEL: 
Z11
J16
D44
Document Type: 
Working Paper
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