Travail de recherche/Working paper
| Résumé : | Are copies always inferior to originals in value? In this paper we first detail the differences between the Western and the Eastern worlds’ appreciation of copies. While the hand of the artist is vital in the evaluation of an artwork in the West, Chinese markets also consider the formal aspects of copies in art valuation. Focusing on the eminent Chinese old master Dong Qichang (1555–1636), an artist who was instrumental in developing a system of naming the artists he copied, our empirical analysis demonstrates that the prices of copies may be higher than those of originals. The paper therefore sheds light on how buyers value copies in the context of a globalized art market. |
