The Market for Paintings in Italy During the Seventeenth Century
通过分析十七世纪意大利委托人与艺术家之间的原始合同，研究了影响绘画价格的因素，包括画作尺寸、人物数量、目的地差异以及艺术家年龄与质量的关系。
We study the seventeenth-century market for figurative paintings in Italy analyzing original contracts between patrons and artists. We show that a number of supply and demand factors affected prices. We find a positive and concave relation between prices and size of paintings reflecting economies of scale. We show evidence of a positive relationship between prices and the number of figures depicted. Trade in paintings was sufficient to equalize prices between different destinations. Finally, we provide support for the Galenson hypothesis of a positive relation between age of experimental artists and quality as priced by the market.