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Posthumous repricing: how death restructures an artist’s market
When an artist dies, prices do not simply “jump and stay there.” Instead, death triggers a three‑stage repricing process: first a burst of attention and supply, then a sorting of strong and weak works, and finally either consolidation or decay of the artist’s market. Early posthumous auction prices …
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Image and object: the changing structure of the photography market
Photography is the most accessible and widely produced visual media today, embedded in daily life and shaped by constant image-making; yet this ubiquity stands in contrast to a far more selective tradition within the medium: fine art photography. Defined by its artistic intent and control, this subs…
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Expansion without dilution: the structure of David Hockney’s auction market
Few artists occupy the intersection of institutional prominence and market visibility as fully as David Hockney. He once held the record for the most expensive lot sold by a living artist with Portrait of an Artist (Pool with Two Figures), and continues to command sustained institutional attention, …
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