%0 Journal Article
%T WHAT DETERMINES C¨¦ZANNE¡¯S ART PRICING? A HEDONIC REGRESSION METHOD
%A Abderazak BAKHOUCHE
%A Ludovic P.J. THEBAULT
%J Scientific Annals of the Alexandru Ioan Cuza University of Iasi : Economic Sciences Series
%D 2011
%I 
%X The contribution of this paper is empirical. We employed the hedonic regression method to compile a price index for C¨¦zanne¡¯s artworks and examine their financial properties. This paper reported the following findings: i) oil prints were more expensive than prints on paper, ii) there was a statistically significant evidence in favour of the presence of the Law of One Price for C¨¦zanne¡¯s artworks, iii) the dimensions of the sample¡¯s prints were found to influence hammer prices, iv) paintings made during the artist¡¯s later career were traded at higher premiums than prints made in the early stages of his career, and finally v) it is inconclusive whether C¨¦zanne¡¯s prints could provide strong benefits to a diversified portfolio.
%K c¨¦zanne
%K hedonic regression method
%K CAPM
%U http://anale.feaa.uaic.ro/anale/resurse/sta1bakhouche.pdf