Should the dealers be hoping for sunny weather during The European Fine Art Fair (TEFAF)?

Should the dealers be hoping for sunny weather during The European Fine Art Fair (TEFAF)? Maastricht University experts can provide insights.

Weather has an effect on peoples’ moods, in turn peoples’ moods effect their buying behavior. This is also true for art purchases.

Could good weather during TEFAF increase the amount of art sold?’

Dr. Pownall and Dr. Wolk have performed research* in which they found that good weather significantly affects prices people are willing to pay at art auctions. They are available to discuss the effects of mood on economic decision making, specifically related to art.

Dr. Rachel Pownall
Assistant Professor,Department of Finance
Maastricht University School of Business and Economics

Dr. Pownall can be contacted in English, Dutch or German at: r.pownall@maastrichtuniversity.nl or +31 624259362
She will be available for telephone interviews  on the following days prior to TEFAF:  8, 11 & 12 March

Dr. Leonard Wolk
Assistant Professor, Department of Finance
Maastricht University School of Business and Economics

Dr. Wolk can be contacted in English or Swedish at:  l.wolk@maastrichtuniversity.nl or +31 43 3884827
He is available for telephone interviews on the following days prior to and during TEFAF:  11, 12 & 18 March

 

*De Silva, D.G., Pownall, R.A., and L. Wolk (2012): “Does the Sun Shine on Art Prices“, in: Journal of Economic Behavior and Organisation

 

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