The Market for Classic French Modern Art Prior to 1940

Using a quantitative methodology based on auction and sales prices, the paper describes the high-end market for paintings between 1895 and 1839 (paintings selling for $10,000 or more), especially in reference to what the author describes as classic French modern art. The paper compares prices between Old Master art, classic French modern art, and contemporary art during this period, and asks why classic French modern art sold for prices nearly as high as Old Master art did during this period, especially when compared to contemporary painting