This paper evaluates official estimates of investment in artistic originals as recorded in the UK National Accounts. It lays out a framework for measuring investment in the creation of knowledge assets and proceeds to estimate gross fixed capital formation in this asset type using a variety of methods, including new data. Bringing these new data to bear suggests an upward revision to UK investment in artistic originals in 2008 of approximately £1.4bn. The data and procedures used in this chapter have recently been adopted in a revision to the UK National Accounts.
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