Art Auctions and the Poorer Rich: The Impact of the 2015 Stock Market Sell-off on the Emerging Philippine Art Market

• Main Authors: Santiago, Joseph Sedfrey S, Palanca-Tan, Rosalina
• Format: text
• Published: Archīum Ateneo 2018
• Subjects: art market; Philippine art auctions; art pricing; stock market; investment; conspicuous consumption; Arts Management; Business; Economics
• Online Access: https://archium.ateneo.edu/marketing-and-law-faculty-pubs/3; https://englishkyoto-seas.org/2018/08/vol-7-no-2-rosalina-palanca-tan-and-j-sedfrey-s-santiago/
• Institution: Ateneo De Manila University

This paper looks into the Philippine secondary art market, which has recently emerged with the country’s booming economy. Specifically, the paper aims to determine the effect of the August 2015 stock market sell-off on prices and profitability of art auction sales in the Philippines. Works of art ma...