Friday, October 21, 2022

Yale University: Is the Art Market Fair to Women? Yes, but institutions are not

More of these seriously flawed studies of gender equality! First of all women and men do not choose proportionally the same jobs or occupations for whatever reasons.

This study makes the very strong presumption that auctions are a good metric! What if female artists sell more of their art through private sales?

The other, very strong presumption is that the graduates of the Yale School of Arts are a good reference! What if many female and male artists never graduated from an elite school like Yale?

"... Buyers, curators, or museum managers might be biased against women’s work. Institutional barriers also could prevent or discourage female artists from pursuing their careers and entering the market. ...
In a recent study, a team at Yale SOM sought to untangle the causes by examining data on about 4,000 graduates of the Yale School of Art over more than a century. They divided the data into two major time periods: before 1983, when male students outnumbered female students, and after 1983, when the gender ratio roughly equalized [equalized ???]. ...
To William Goetzmann, Edwin J. Beinecke Professor of Finance and Management Studies, that suggests that “the market is fair, but the institutions are not.” In other words, because women faced more institutional obstacles, they may have had to produce higher-quality work to reach the art market. But once they did, their talent appeared to be rewarded with more money. ..."

Is the Art Market Fair to Women? | Yale Insights Women’s art appears less frequently than men’s at auctions and in galleries. But does the lack of representation stem from institutional barriers that hold back female artists’ careers, or from bias among buyers? A study of Yale Art School graduates over 120 years, co-authored by William Goetzmann of Yale SOM [School of Management], suggests that institutions posed a bigger obstacle than market participants.



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