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News
October 8, 2026
HSE Experts Take Part in 23rd Annual Meeting of Valdai Discussion Club
The 23rd Annual Meeting of the Valdai Discussion Club was held from September 28 to October 1, 2026 under the theme ‘Responsibility for the Future: Limits of the Possible, or Limitless Possibilities?’ The forum brought together 120 experts from 40 countries, including representatives of China, the United States, India, Brazil, the United Kingdom, Germany, Egypt, Iran, and Japan.
October 7, 2026
‘Our Team Consists of True Leaders in Their Respective Academic Disciplines
The HSE International Centre of Decision Choice and Analysis studies a wide range of methods for analysing decision-making and possible scenarios for the development of natural, socio-economic, and political phenomena using various mathematical models. The application of advanced mathematical methods to forecasting helps to prevent negative outcomes and avoid erroneous decisions. The HSE News Service spoke to the centre’s director, Prof. Fuad Aleskerov, about its work.
October 6, 2026
International N5 Symposium ‘Neural Networks and Nonlinearity in Nizhny Novgorod Brings Together Scientists from Russia and Serbia
The International N5 Symposium ‘Neural Networks and Nonlinearity in Nizhny Novgorod’ was held at the Nizhny Novgorod House of Scientists from September 23 to 26. The event was organised by HSE University–Nizhny Novgorod and the Nizhny Novgorod House of Scientists, with the participation of Sberbank and the Institute of Physics Belgrade. The symposium was held for the second time: the first conference took place in 2025 and attracted considerable interest from the academic community.

 

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The Influence of News, Expert and Public Opinion on Painting Prices: An Empirical Analysis

Empirical Studies of the Arts. 2026. Vol. 44. No. 2. P. 873–905.
Pimenova T., Valeria Kolycheva, Semenov A., Dmitry Grigoriev

Online reviews have become a significant factor in determining prices, complementing the intrinsic qualities of goods. In the art market, these reviews elevate the interaction between artists and connoisseurs, but the diverse levels of expertise and influence among participants demand a more detailed approach. This study investigates the impact of expert opinions and public sentiment on painting prices, using a hedonic regression model with artist-specific fixed effects. Given the common practice of buying art for investment in the secondary market, we also analyze the relationship between review sentiment and investment intentions. Based on a dataset of 18,100 sold paintings, we find that negative sentiment from all sources and positive public sentiment significantly influence prices. Moderation analysis shows heightened sensitivity to negative opinions from experts and media reports. This research contributes to understanding the interaction between social media and the art market, as well as key price determinants for artworks.

Research target: Economics and Management Media and Communications Art History
Language: English
DOI
Text on another site
Keywords: hedonic modelonline reviews art auctions experts opinion
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