Entropy isn’t what it used to be

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In the last years news are over and over again about record breaking prices reached for an artwork at a public auction. Such high pricing strucks not only the old masters but also works for still living artists. As you might know the prices for young artist’s paintings are often assessed by canvas size. So the question for my use-case arises: Is there also a correlation between size and hammer price of famous artworks at auctions?

{ Ruth Reiche | Continue reading }