El Departamento de Economía de la Universidad de Chile tiene el agrado de invitar a usted a un nuevo Seminario Académico:

Título - Paintings, Dollars and Sense: An Investor-Oriented Metric for the Art Market

Autores - Ventura Charlin (VC Consultants), Arturo Cifuentes (Universidad de Chile)

Presenta - Arturo Cifuentes (Universidad de Chile)

Abstract - This paper introduces a new financial metric for the art market.  The metric, which we call Artistic Power Value (APV), is based on the price per unit of area (dollars per square centimeter) and is applicable to two-dimensional art objects such as paintings.  In addition to its intuitive appeal and ease of computation, this metric has several advantages from the investor’s viewpoint.  It makes it easy to: (i) estimate price ranges for different artists; (ii) perform comparisons among them; (iii) follow the evolution of the artists’ creativity cycle overtime; and (iiii) compare, for a single artist, paintings with different subjects or different geometric properties.  Additionally, the APV facilitates the process of estimating total returns.  Finally, due to its transparency, the APV can be used to design derivatives-like instruments that can appeal to both, investors and speculators.  Several examples validate this metric, demonstrate its usefulness, and call into question some previous results by other researchers.

El Seminario se realizará el miércoles 08 de enero de 13:00 a 14:00 hrs, en la Sala P-301 Tercer Piso del edificio Placa de la Facultad de Economía y Negocios de la Universidad de Chile, ubicada en Diagonal Paraguay 257.

Esperando contar con su asistencia, les saluda cordialmente,

Pamela Fuentes O.