Prof. William Baumol's and Prof. Emeritus Michael Moses's research on art investing is mentioned
December 15, 2013
Excerpt from The Wall Street Journal -- "A number of economists have estimated the returns to art over a very long period. Overall, these estimates range from about 1% to about 5% real returns. For example, one of the earlier studies, by William Baumol, estimated the real returns from 1652 to 1961 to be 0.6%. William Goetzmann estimated the real returns from 1716 to 1986 to be about 2% in real terms, and Jianping Mei and Mike Moses estimated real returns from 1875 to 2000 to be 4.9%."