| dc.description.abstract | This study utilizes a hedonic model to examine factors influencing the pricing of
Scandinavian paintings, such as size, artist reputation, and auction house. The analysis
focuses on prominent painters from Denmark, Sweden, and Norway from 1991 to 2023,
constructing a comprehensive price index. Using this index, we evaluate Scandinavian art
as an investment, comparing it to traditional asset classes. Additionally, the study applies
the Capital Asset Pricing Model (CAPM) to analyze price movements in the Scandinavian
art market and other asset classes. This research contributes to understand the dynamics
of the Scandinavian art market and assessing whether it might provide an investment
opportunity for art enthusiasts. | en_US |
