Mei Moses Fine Art Index

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The Mei Moses Fine Art Index is an index that builds on long-term data on art purchases and sales and measures annual returns. It was developed by Jiangping Mei and Michael Moses , both professors at the Stern School of Business at New York University . The index construction is based on the fact that the original selling price of a certain valuable painting (masterpiece) is compared with the later resale price at Christie's or Sotheby's and the annual return is determined from the difference . About 9,000 such recurring sales of individual paintings have been merged into the original index.

In 2016 the auction house Sotheby's acquired the Mei Moses Fine Art Index with a database that now includes 45,000 objects and connects buyers and sellers.

According to Handelsblatt , it offers "as one of the leading quantitative sources of information [...] one of the few stable bases for comparison of the otherwise opaque art market ". For the leading auction house Sotheby's he is “The Preeminent Measure of the Art Market”.

literature

  • Jiangping Mei, Michael Moses: Art as Investment and the Underperformance of Masterpieces: Evidence from 1875-2002 . In: American Economic Review. 2002, Volume 92, Number 5, pp. 1656-1668.
  • Sotheby's on course for expansion . In: Neue Zürcher Zeitung [2]

See also

Individual proof

  1. ↑ Neue Zürcher Zeitung on December 17, 2016 [1]
  2. ↑ Handelsblatt of November 4, 2016 .
  3. ↑ Sotheby's: The Preeminent Measure of the Art Market