TY  - JOUR
AU  - Galenson,David W.
TI  - Do the Young British Artists Rule (or: Has London Stolen the Idea of Postmodern Art from New York?): Evidence from the Auction Market
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 11715
PY  - 2005
Y2  - October 2005
UR  - http://www.nber.org/papers/w11715
L1  - http://www.nber.org/papers/w11715.pdf
N1  - Author contact info:
David Galenson
Department of Economics
University of Chicago
1126 East 59th Street
Chicago, IL  60637
Tel: 773/702-8258
Fax: 773/702-8490
E-Mail: galenson@uchicago.edu
AB  - In recent years, some English critics have claimed that Damien Hirst and his fellow young British artists have made London the new center of the advanced art world. As Hirst reaches the age of 40, this paper uses auction results to measure the importance of the YBAs compared to their American peers. Auction prices show that the YBAs do rule over their American rivals: both Hirst and the English painter Chris Ofili have had individual works sell for more than $1 million, a level no American artist under 40 has achieved. Whether London can continue its success will depend in part on whether it can match New York's ability to attract important artists born in other countries.
ER  -