The death effect in art prices: evidence from Denmark

David Maddison, AJ Pedersen

Research output: Contribution to journalArticle

10 Citations (Scopus)


Analysing a panel of paintings by Danish painters suggests that the conditional life expectancy of the artist at the time of sale has a negative impact on the sale price. This is consistent with the idea that artists share some of the characteristics of durable monopolists and that the aging and ultimately the death of the artist represent acceptable forms of commitment not to 'overproduce'. In addition interest in an artist's work begins to wane after their death.
Original languageEnglish
Pages (from-to)1789-1793
Number of pages5
JournalApplied Economics
Issue number14
Publication statusPublished - 1 Jan 2008


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