Investment Policy Impacts on the Australian Aboriginal Art Market-Reference-Cited by-同舟云学术

Investment Policy Impacts on the Australian Aboriginal Art Market

Published:2023-12-08 Issue: Volume: Page:
ISSN:0004-9018
Container-title:Australian Economic Review
language:en
Short-container-title:Australian Economic Review

Author:

Lye Jenny^ORCID,Hirschberg Joe^ORCID

Abstract

AbstractLegislation designed for one purpose may have unrelated side effects. In this article we examine the impact of recent changes in the application of the sole purpose test for artworks to be used as assets in retirement funds on the Australian Aboriginal art market. This is important since art sales represent a significant source of non‐government income for remote Australian Aboriginal communities. In this article we estimate the impact of this change and others on the price index based on the hammer prices paid for 13,555 works by 187 artists at art auctions from 1994 to 2019.

Publisher

Wiley

Subject

Economics and Econometrics

Link

https://onlinelibrary.wiley.com/doi/pdf/10.1111/1467-8462.12532

Reference48 articles.

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