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Monday, 27 August 2012 19:43

A New Study Compares Google Hits and Auction Prices

Picasso's Boy with a Pipe set an auction record at Sotheby's in 2004 Picasso's Boy with a Pipe set an auction record at Sotheby's in 2004 Wikipedia

Artists and collectors looking to cash in on the reported one percent's run on the international art market can take cues from a recent Washington State University study on auction house sales of paintings by Picasso, Magritte, Munch, and a dozen other impressionist and modern masters. Among the preliminary findings, a single percentage point increase in Google hits on the artist—the assigned indicator of popularity—corresponded to a chunky price increase of 38 percent.

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