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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP6601 |
DP6601 Umbrella Branding and External Certification | |
Martin Peitz; Hendrik Hakenes | |
发表日期 | 2007-12-14 |
出版年 | 2007 |
语种 | 英语 |
摘要 | This paper measures the returns to investing in violins using two different datasets. One dataset includes 75 observations on repeat sales of the same violins at auction starting in the mid-19th century and another dataset includes over 2000 observations on individual violin sales at auction since 1980. Overall real returns for the dataset on repeat sales for the period 1850-2006 have been approximately 3.5%. Real returns to the overall portfolio of individual sales since 1980 have been nearly 4%. While this return is lower than other standard investments, the price path has been stable with a slight negative correlation to stocks and bonds. |
主题 | Industrial Organization |
关键词 | Auctions investment Repeat sales Violins |
URL | https://cepr.org/publications/dp6601 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535432 |
推荐引用方式 GB/T 7714 | Martin Peitz,Hendrik Hakenes. DP6601 Umbrella Branding and External Certification. 2007. |
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