G2TT
来源类型Discussion paper
规范类型论文
来源IDDP6601
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
URLhttps://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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