Artists and collectors looking to cash in on the reported one percent’s run on the international art market can take cues from a recent Washington State University study on auction house sales of paintings by Picasso, Magritte, Munch, and a dozen other impressionist and modern masters. Among the preliminary findings, a single percentage point increase in Google hits on the artist—the assigned indicator of popularity—corresponded to a chunky price increase of 38 percent. Arzu Aysin Tekindor, an artist and economics PhD candidate, employed hedonic regression theory—a modeling system ... Read More