Pain)ngs in Paris

Transcription

1 Data Expedi)ons STA101 Data Analysis and Sta)s)cal Inference Pain)ngs in Paris Hilary Coe Cronheim & Sandra van Ginhoven iid Research Fellows Duke Art, Law & Markets Ini)a)ve (DALMI) hsp:// 1

2 The Auc)on Market in 2014 Sotheby's Old Master & Bri)sh Pain)ngs Evening Sale Soars over Es)mate The Auc)on Market in the Eighteenth- Century Paris Pierre- Antoine de Machy, Public Sale at the Hôtel Bullion, Musée Carnavalet, Paris 2

3 80 70 Es#mated Total Sales in Paris, Total: 1,076 sales Sales with pain#ngs: Professionaliza)on of the Art Dealer ESTIMATED(NUMBER(OF(SALES(OF(PAINTINGS(PER(DEALER(PER(YEAR( 50" 45" PERCENTAGE)OF)TOTAL)SALES)OF)PAINTINGS,) ) 40" 35" Joullain( 17%( 30" REST( 37%( Paillet( 16%( Basan" Lebrun" 25" 20" Basan( 7%( Lebrun( 9%( Rémy( 14%( Rémy" Paillet" Joullain" 15" REST" 10" 5" 0" 1675" 1680" 1719" 1727" 1733" 1737" 1738" 1741" 1742" 1743" 1744" 1745" 1747" 1748" 1749" 1750" 1751" 1752" 1753" 1754" 1755" 1756" 1757" 1758" 1759" 1760" 1761" 1762" 1763" 1764" 1765" 1766" 1767" 1768" 1769" 1770" 1771" 1772" 1773" 1774" 1775" 1776" 1777" 1778" 1779" 1780" 1781" 1782" 1783" 1784" 1785" 1786" 1787" 1788" 1789" 3

4 11/4/14 AUCTIONS AND SALES CATALOGUES Pierre- Antoine de Machy, Public Sale at the Hôtel Bullion, Musée Carnavalet, Paris AUCTIONS AND SALES CATALOGUES 4

5 Philip Wouwermans ( ), The Departure of a Hun7ng Party, oil on panel, 52 x 67 cm. 5

6 Two pain)ngs very rich in composi)on, of a beau)ful execu)on, and whose merit is very remarkable, each 17 inches 3 lines high, 23 inches wide; the first, painted on wood, comes from the Cabinet of Madame la Comtesse de Verrue; it represents a departure for the hunt: it shows in the front a child on a white horse, a man who gives the horn to gather the dogs, a falconer and other figures nicely distributed across the width of the pain)ng; two horses drinking from a fountain; on the right in the corner a lovely country house topped by a terrace, on which people are at the table, others who play instruments; trees and fabriques pleasantly enrich the background. Data Matrix: Basic Informa)on about the Pain)ng name unique ID of pain)ng dealer Joullain (J), Lebrun (L), Paillet (P), Remy (R) year econindex price economic index (agricultural) Origin_author A (Austrian), D/FL (Dutch/Flemish), F (French), G (German), I (Italian), S (Spanish), X (Unknown) Origin_cat D/FL, F, I, O (Other masters) School_pntg D/FL, F, I, X Diff_orogin if origin_author differs from origin_cat (1); otherwise (0) price price fetched at auc)on (sales price in livres) Authorstandard name of ar)st (starndardized) ar)stliving if living ar)st (1); deceased (0) Authorstyle ar)st unknown but inspired on another (copy of, in style of, asributed to) 6

7 Data Matrix: Basic Informa)on about the Pain)ng Winningbidder name of winning bidder Winningbiddertype D (dealer); C (collector); E (expert); B (buyer); X (unknown) Endbuyer end buyer category from winning bidder type Interm 1 if intermediary purchased the pain)ng Type_intermediary intermediary category from winning bidder type Height_in Height in inches Width_in Width in inches Diam_in Diameter in inches (if Shape = round or oval) Shape Shape of pain)ng (squ_rect, round, oval, miniature) material material of support (alabaster, bronze, canvas, cardboard, copper, glass, miniature, paper, pastel, slate, wood, other) Data Matrix: Characteris)cs about the Pain)ng Two pain)ngs very rich in composi)on, of a beau)ful execu)on, and whose merit is very remarkable, each 17 inches 3 lines high, 23 inches wide; the first, painted on wood, comes from the Cabinet of Madame la Comtesse de Verrue; it represents a departure for the hunt: it shows in the front a child on a white horse, a man who gives the horn to gather the dogs, a falconer and other figures nicely distributed across the width of the pain)ng; two horses drinking from a fountain; on the right in the corner a lovely country house topped by a terrace, on which people are at the table, others who play instruments; trees and fabriques pleasantly enrich the background. 7

8 Data Matrix: Characteris)cs about the Pain)ng prevcoll: if previous owner is men)oned paired: if pain)ng is sold or suggested as a pairing with another landsall: if pain)ng is described as a landscape lands_figs: if descrip)on men)ons figures in a landscape arch: if architectural construc)ons are men)oned in the descrip)on These variables get a 1 and all other variables get a 0 Informa)on about the pain)ngs and the manner of presen)ng it: engraved: original: prevcoll: lrgfont: if the dealer men)ons engravings done amer the pain)ng if the original s whereabouts is men)oned (when the pain)ng is a copy) if the previous owner is men)oned if the dealer devotes an addi)onal paragraph (always wrisen in larger font) to praise aspects of the pain)ng discauth: if the dealer engages with the authen)city of the pain)ng. 8

9 Visual traits iden)fied in the pain)ngs: othar)st: if the pain)ng is linked to the work of another ar)st or style paired: if the pain)ng is sold or suggested as a pairing for another finished: if the pain)ng is noted for its highly polished finishing figures: if the number of figures included is emphasized nfigures: if the number of figures is specified Subject maser descriptors: relig: if a religious subject maser lands_sc: if described as a plain landscape lands_figs: if descrip)on men)ons figures in landscape lands_ment: if landscape is men)oned in the descrip)on arch: if architectural construc)ons are men)oned in the descrip)on mytho: if a mythological scene is men)oned peasant: if descrip)on men)ons peasants messing around othgenre: if descrip)on men)ons a genre scene (different than a peasant scene) portrait: if described as a portrait singlefig: if descrip)on men)ons a single figure (different than a portrait) s)ll_life: if descrip)on indicates s)ll life elements history: if descrip)on includes elements of history pain)ng allegory: if allegorical scene is men)oned pastorale: if pastorale is men)oned in descrip)on 9

10 Cornelis van Poelenburgh, Rest on the Flight into Egypt, c. 1640, oil on copper, 34 x 44 cm, Fogg Art Museum, Cambridge Research Ques)ons What drove the prices of pain)ngs sold? How can we characterize the marke)ng strategy of dealers who wrote the sales catalogues? Can we iden)fy the most preferred sets of characteris)cs in the pain)ngs that buyers sought? Are there any subs)tutability criteria at work? 10