Add to ORKGThis paper examines the relationship between sale rates and price shocks in art auctions. Using data on contemporary and impressionist art, we show that while sale rates appear to have little relationship to current prices, there exists a strong negative relationship of sale rates to unexpected price shocks, which is reminiscent of a Phillips curve. We estimate an empirical model that suggests that the reserve price is set on average at about 70% of the low estimate.
Unsold artworks are excluded from a traditional hedonic price index as no observable price can be at...
This paper investigates the evolution of prices and returns in the art market since the middle of th...
The aim of this paper is to model painting prices at auction. The novel aspects of our contribution ...
This paper examines the relationship between sale rates and price shocks in art auctions. Using data...
This paper presents an empirical study of paintings that have failed to meet their reserve price at ...
Although fine art is becoming increasingly popular as investment, its price determination is relativ...
This article presents an empirical study of paintings that have failed to meet their reserve price a...
This study aims to identify factors contributing to price fluctuations in artworks after an artist's...
This dissertation studies the formation of prices on the art market and the auction mechanisms by us...
Abstract This article presents an empirical study of paintings that have failed to meet their reserv...
The aim of this paper is to model painting prices at auction. The novel aspects of our contribution ...
We analyze art pricing in a unique dataset on Paris auctions between 700s and 800s. Prices reflect t...
The use of regression modelling to understand how characteristics of artworks, of artists, and of th...
Using a unique hand-collected dataset comprising all auctions held by a major Italian auction house ...
This paper investigates the evolution of prices and returns in the art market since the middle of th...
Unsold artworks are excluded from a traditional hedonic price index as no observable price can be at...
This paper investigates the evolution of prices and returns in the art market since the middle of th...
The aim of this paper is to model painting prices at auction. The novel aspects of our contribution ...
This paper examines the relationship between sale rates and price shocks in art auctions. Using data...
This paper presents an empirical study of paintings that have failed to meet their reserve price at ...
Although fine art is becoming increasingly popular as investment, its price determination is relativ...
This article presents an empirical study of paintings that have failed to meet their reserve price a...
This study aims to identify factors contributing to price fluctuations in artworks after an artist's...
This dissertation studies the formation of prices on the art market and the auction mechanisms by us...
Abstract This article presents an empirical study of paintings that have failed to meet their reserv...
The aim of this paper is to model painting prices at auction. The novel aspects of our contribution ...
We analyze art pricing in a unique dataset on Paris auctions between 700s and 800s. Prices reflect t...
The use of regression modelling to understand how characteristics of artworks, of artists, and of th...
Using a unique hand-collected dataset comprising all auctions held by a major Italian auction house ...
This paper investigates the evolution of prices and returns in the art market since the middle of th...
Unsold artworks are excluded from a traditional hedonic price index as no observable price can be at...
This paper investigates the evolution of prices and returns in the art market since the middle of th...
The aim of this paper is to model painting prices at auction. The novel aspects of our contribution ...