THE SCIENCE PANEL: Robin Duthy - Art Market Research
Robin Duthy launched Art Market Research in 1977. As an investment analyst in the City of London, Duthy noticed that, while conventional investments were intensely studied for past performance and future potential, no systematic analysis of the markets for art, antiques and collectibles had been undertaken.
‘Alternative Investment’ Robin Duthy’s first book, published in 1978 and serialised in the Financial Times, was a ground-breaking analysis of those markets and their underlying supply and demand factors. In the following years Robin Duthy wrote regular columns in the Financial Times, The Times, Connoisseur, Investors Chronicle, focussing on price movements in the art and antiques markets.
Working with the late Sir Roy Allen at the London School of Economics, he devised a sophisticated methodology of trimming and smoothing mechanisms which made it possible to eliminate seasonal and other distortions. For the first time, using prices gathered from sale-rooms worldwide, it was possible to get a clear picture of price developments not only for sectors of the art market but also for hundreds of individual artists. Full details of the methodologies used are available to subscribers.

