id author title date pages extension mime words sentences flesch summary cache txt work_bs6wgrgacfawlm5lzi7pa5atma Ventura Charlin A New Financial Metric for the Art Market 2013 37 .pdf application/pdf 11157 1266 75 Artistic Power Value (APV), is based on the price per unit of area (dollars per square Several authors have employed hedonic pricing models (HPMs) to estimate returns Data Set B consists of 441 observations of Henri Matisse's paintings auction prices and total returns are computed based on the average APV values for two consecutive years. estimated with the APV metric and the returns calculated using HPMs. APV and HPM-based Year-to-Year Total Returns: Averages, Standard Year-to-Year Total (APV and HPM) Returns for Henri Matisse Sales year-to-year market return estimated by (i) the APV-metric and (ii) the adjacent HPMs was As in the case of the total returns the comparison validates the estimates provided by the APV Average Year-to-Year Market Returns: Based on (i) APV and (ii) Adjacent Year-to Year Market Returns for Pierre-Auguste Renoir Based on (i) APV Year-to Year Market Returns for the Impressionists Group Based on (i) APV ./cache/work_bs6wgrgacfawlm5lzi7pa5atma.pdf ./txt/work_bs6wgrgacfawlm5lzi7pa5atma.txt