This paper provides a review of the development of the non‐fungible tokens (NFTs) market,
with a particular focus on its pricing determinants, its current applications, and its future …

Our study highlights the NFT rarity as a key determinant of price premium in the cross-
section. Moreover, well-connected investors, who establish their central positions in the NFT …

NFTs (Non-Fungible Tokens) are blockchain-based cryptographic tokens to represent
ownership of unique content such as images, videos, or 3D objects. Despite NFTs' …

Since the outbreak of the Coronavirus pandemic, the arts and culture sector has been
experiencing a paradoxical situation. While the demand for cultural and creative content has …

This paper investigates the price determinants and investment performance of art. We apply
a hedonic regression analysis to a new data set of more than one million auction …

Using historical price records for Bordeaux Premiers Crus, we examine the impact of aging
on wine prices and the long-term investment performance of fine wine. In line with the …

Over the past three decades, a sustained surge in inflation has been absent in developed
markets. As a result, investors face the challenge of having limited experience and no recent …

This paper shows the importance of correcting for sample selection when investing in illiquid
assets that trade endogenously. Using a sample of 32,928 paintings that sold repeatedly …

This study addresses a significant gap in the existing literature by conducting a
comprehensive systematic review of the art market over the past 50 years, utilizing big data …

The big bang of non-fungible tokens (NFTs) has caused the birth of a brand new era for
digital art. NFTs, driven by blockchain and smart contracts, provide both artists and art …