Research on the Correlation Between the Formation 
Mechanism of Painting Art Prices and Macroeconomic 
Cycles

Wen Zi; Han Zhu

doi:10.70711/rcha.v2i7.5210

Research on the Correlation Between the Formation Mechanism of Painting Art Prices and Macroeconomic Cycles

Wen Zi, Han Zhu

Abstract

This paper explores the relationship between the price formation mechanisms of art paintings and macroeconomic cycles. It examines key factors such as market demand, auction dynamics, and economic conditions, providing insights into how broader financial trends
influence art prices and investment behavior.

Keywords

Art pricing; Macroeconomic cycles; Investment

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References

[1] Wu Haiying. Empirical Study and Risk Analysis on the Price Formation Mechanism of Chinese Painting Artworks [D]. Peking University, 2014.

[2] Du Hongyi. What determines the market price of art [J]. Investment and Finance, 2019 (9): 2.

[3] Makino. Understanding the Value of Artworks [J]. China Auction, 2022 (11): 24-24.

DOI: http://dx.doi.org/10.70711/rcha.v2i7.5210

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