Year: 2022
Type: article
Abstract: The literature provides information on the impact of the pandemic on various markets. Many articles suggest the necessity of diversifying investment portfolios during financial market turmoil. The article in a unique way analyzed the rare books market in Poland during the COVID-19 period. The results of rare books auctions (the largest players with 85% of the market share were taken into account) over the 2018–2022 period were considered. The authors presented the hypothesis that COVID-19 triggered an investment bubble which may burst quite suddenly after the pandemic period. The data presented confirm the hypothesis, showing sharp increases (up to 50%) in sales revenues and a subsequent collapse. Less spectacular results were obtained when analyzing the number of books offered and sold in a given period. The authors used descriptive measures as well as statistical tests. A simple model calculating possible revenue in conjunction with the WPDI (World Pandemics Discussion Index) indicator was also presented.
Source: Sustainability
DOI: 10.3390/su141811648
Institutions: University of Łódź, Medical University of Lodz
Language: English
Subfield: Visual Arts and Performing Arts
Field: Arts and Humanities
Domain: Social Sciences
Open Access status: gold
Estimated APC paid: $2,094
OpenAlex ID: W4296350364