Template-type: ReDIF-Paper 1.0
Author-Name:  Bertacchini, Enrico
Author-Email: enrico.bertacchini@unito.it
Author-Name:  Friel, Martha
Author-Email:  martha.friel@iulm.it
Author-Workplace-Name: University of Turin
Author-Workplace-Homepage: http://www.est.unito.it/
Title: Determining the Value of Modern and Contemporary Furniture Design: an Exploratory Investigation.
Abstract: The paper analyses the formation of pricess in the market of collectable furniture design.
Given their aesthetic quality and symbolic significance modern and contemporary furniture design objects are
increasingly exchanged in art auctions. However, reproducibility and other potential differences from traditional 
artworks set interesting challenges in studying auction price formation for this kind of goods.
The paper documents the development of markets in modern and contemporary furniture design analysing how cultural 
and economic values interact in this emerging context and what are the distinctive features with respect to other
traditional art markets. Moreover, using auction data for furniture design works by the most prominent designers 
of the XXth century, the determinants of price formation are analysed and discussed.
Length: 19 pages
Creation-Date: 2014-11
File-URL: http://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2014dip/wp_37_2014.pdf
File-Format: Application/PDF
Handle: RePEc:uto:dipeco:201437