5/5 It’s true we don’t observe an `objective’ value of art. But again, the comparison to public equity is the issue. Many old paintings are priced based on comparative analysis, as is common practice for VC, M&A, PE, etc. The National Gallery insurance valuations in my research are like that.
27.11.2024 16:40 — 👍 0 🔁 0 💬 0 📌 0
4/5 I agree that the stock market is often a poor point of comparison. Art is less regulated, less liquid, and less transparent. But that doesn’t equate to art not being an investment. Similar issues exist for VC, PE, and Real Estate.
27.11.2024 16:40 — 👍 0 🔁 0 💬 1 📌 0
3/5 It’s true not many artworks manage to be sold over long periods. Collecting contemporary artists is like investing in start-ups: the minority make it but those that do, have a great rate of return. See Chambers, Dimson, and Spaenjer’s (2020) work on Keynes’ art collection
27.11.2024 16:40 — 👍 0 🔁 0 💬 1 📌 0
2/5 The article outlines how Jonathan Guthrie sold one artwork with largely no profit. Buying one artwork is like buying one stock. Just because S&P 500 is going up, doesn’t mean the value of all the equities in the market is going up. Same with art.
27.11.2024 16:40 — 👍 0 🔁 0 💬 1 📌 0
It’s bananas to regard art as an investment
Enjoy your paintings and sculptures. Just don’t expect a return on what you paid for them
1/5
Jonathan Guthrie claims in his @ft article that “It’s bananas to regard art as an investment”. A few thoughts from someone researching art as an investment - a thread🧵
www.ft.com/content/daf9...
27.11.2024 16:40 — 👍 2 🔁 2 💬 1 📌 0
Financial History Group Workshop 2024
Financial History Group Workshop 2024
I am excited to present my paper on Value Investing in the Art Market at the inaugural workshop of the LSE Financial History Group this Friday. So much great research is being done across different departments! See the full line-up here: www.lse.ac.uk/Economic-His...
27.11.2024 13:07 — 👍 0 🔁 0 💬 0 📌 0
I created a starter pack of LSE Economic History people on Bluesky.
Let me know if I have missed you! go.bsky.app/BJSugbh
26.11.2024 12:10 — 👍 11 🔁 9 💬 0 📌 1
Looks amazing, Nick! The icons fit perfectly. I also like that you linked all the extra work you did outside your research too. You curated some amazing resources for teaching economic history
23.11.2024 12:49 — 👍 2 🔁 0 💬 0 📌 0
Assistant Professor at LSE Econ.
Studying labor, urban, and econ history.
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The Centre for Economics, Policy and History (CEPH) is an all-Ireland centre of excellence funded by the Higher Education Authority, linking Trinity College Dublin and Queen's University Belfast.
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Exploring the past to shape the future 🌍📜📈
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AMSE PhD student. UC Berkeley and TSE alum. I greatly enjoy eating food and not as obsessed with sandwiches as people think.
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Historical Economics, Economic History and everything in between. European Review of Economic History. Repost does not imply publication offer. Posts by Benjamin Chatterton.
Centre for Economic and Social History at the University of Oxford. Posting our research and seminars and #econhist updates.
Ex NY Times, now author of Substack Paul Krugman. Nobel laureate and, according to Donald Trump, "Deranged BUM"
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Did you get what you wanted from this life, even so? I did. And what did you want? To call myself beloved, to feel myself beloved on the earth. R. Carver
Economic history, demography, social mobility and other stuff:
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Professor at Queen's Business School, financial historian
Video essays focusing on the intersections of society, masculinity, politics, and entertainment. Hosted by Jonathan McIntosh
Economic historian, AP at University of Southern Denmark.
I work with big data from parish records and genealogies. Interested in historical demography, social mobility, and human capital.
Assistant Professor at @sdueconhist.bsky.social, University of Southern Denmark. Interested in Economic Geography, Machine Learning and Causal Inference in Economic History.
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The best of FT journalism, including breaking news and analysis.
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Economics AP @ SSE | Mediocre political economist, aspiring trumpetist, winner of the 2011 International Kantele Competition, amateur oil painter, and Mateo and Mila's dad | Read more: https://sites.google.com/view/jaakkomerilainen/
PhD Economic History @LSE
johannohler.com
PhD student in Economic History at @econhistub.bsky.social
Economic History / Antitrust / Film Industry / Business History.
Technician at the Spanish National Markets and Competition Commission.
Tweets may not necessarily reflect my institution's views.
PhD student in Economic History at LSE via TCD Economics. 2025/26 job market candidate. Interested in climate economics and development economics. Dad. 🇮🇪&🇪🇺
Young Professional at the World Bank. PhD in Economic History (LSE, 2023). Focused on taxation, inequality, hidden wealth, and illicit financial flows. My goal: contributing to building a fairer international tax system.
