Monday, March 17, 2008

It figures

If you enjoy art stats, you’ll love the Mei-Moses index. Michael Moses and Jiangping Mei of the New York University's Stern School of Business, have been tracking the art market for some time now and are starting to get a good fix on art as an investment (it roughly matches the share market). Recently, however, they made an even more interesting discovery. Apparently being mentioned by a critic or being selected by a curator has little or no effect on the art market. Out of a survey of 12,000 works, Mei and Moses only found 185 gained by the recognition and then only at a miserly .5 of a percent.