Table C.2.
Estimated coefficients in Table C.1
| Artprices índices | |||
|---|---|---|---|
| Series | No deterministic terms | An intercept | An intercept and a linear time trend |
| Global Index (USD) | 0.60 (0.52, 0.72) | 114.322 (6.83) | --- |
| Global Index (EUR) | 0.47 (0.39, 0.59) | 123.751 (12.08) | --- |
| Painting | 1.52 (1.28, 1.95) | 96.996 (16.61) | --- |
| Sculpture | 1.53 (1.23, 2.01) | 98.934 (19.32) | --- |
| Photography | 1.02 (0.79, 1.52) | 99.985 (6.93) | --- |
| Drawing | 1.39 (1.03, 2.13) | 98.691 (6.89) | --- |
| 1.80 (1.42, 2.35) | 92.487 (9.92) | --- | |
| Old Masters | 0.79 (0.48, 1.45) | 111.054 (3.99) | --- |
| 19th Century | 1.28 (0.97, 1.87) | 97.396 (13.43) | --- |
| Modern Art | 1.27 (1.03, 1.81) | 101.858 (11.78) | --- |
| Post-War | 1.55 (1.29, 1.98) | 89.494 (4.06) | --- |
| Contemporary | 0.88 (0.64, 1.46) | 107.172 (2.72) | --- |
| USA (USD) | 1.52 (1.28, 1.95) | 97.032 (16.56) | --- |
| UK (GBP) | 1.11 (0.98, 1.35) | 98.956 (17.24) | --- |
| France (EUR) | 1.28 (1.10, 1.64) | 97.343 (19.72) | --- |
The values in parenthesis in column 2 are the 95% confidence intervals, while those in columns 3 and 4, are the t-statistics for the coefficients on the constant and time trend respectively.