total of 10% return as per return of painting c), which will then allow the model to also fit the return to painting C. The index would then have the following values:
Year 1: 100
Year 2: 107 (+7%)
Year 3: 110.21 (+3%)
Spiegel emphasises that “This is a very simplified example and hides quite a bit of the mathematics involved when there are many more paintings” In other words, when calculating the index using 13,000 repeat sales things get rather more complicated.
At the current time the Mei Moses index database has approximately 13,000 repeat sale pairs to which approximately an additional 1000 pairs are added each year. According to the creators of the index, JIANPING MEI & MICHAEL MOSES, “To insure transparency for our art indexes we only collect data based on public auction results. We gather data continuously on the New York art market from Sotheby’s and Christie’s auction houses and have gone back to 1925 to start our analysis. If the object has been held for at least a year and we have successfully found both the sale and buy prices including the relevant buyer’s premium we include it in our database”
To read the full fall market insight report go here:
and for more information on the index go here:
**This value incorporates sales which occurred this year as of the above date and which will be included in the year end value of the All Art Index. The tracking value of 270.58 DOES NOT include sales that have occurred SINCE 10/31/2008 or WILL OCCUR in the balance of the calender year.
**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.