Consistency and discrepancy in fine art investment: upward bias in investors’ expectation

PurposeArt investment is generally believed to be risky with a high expected return. In this paper, we empirically find that art investors’ behavior is consistent with this general belief, showing consistency between their perception and behavior.Design/methodology/approachUsing the Fama–French asse...

Full description

Saved in:
Bibliographic Details
Published in:Review of behavioral finance 2025-05, Vol.17 (3), p.424-441
Main Authors: Ryu, Jiye, Ahn, Keunbae, Robertson, Iain, Hong, Kihoon
Format: Article
Language:English
Subjects:
Art markets
Asset pricing
Behavior
Capital assets
Decision making
Financial performance
Fine arts
Investments
Investors
Liquidity
Perceptions
Risk factors
Stocks
Citations: Items that this one cites
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!