| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6790 |
| DP6790 Fast Track Authority and International Trade Negotiations | |
| Maurizio Zanardi; Giovanni Facchini; Paola Conconi | |
| 发表日期 | 2008-04-23 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | This paper uses a unique data set of Latin American paintings auctioned by Sotheby's between 1995 and 2002 to investigate several puzzles from the recent auctions literature. Our results suggest that: (1) the reputation of an artist and the provenance of the artwork, omitted variables in most previous studies, seem to be more important determinants of the sale price of a painting than standard factors, such as medium and size, (2) the opinion of art experts seems to be of limited use in predicting whether or not an artwork sells at auction, (3) there is little supporting evidence for the widespread notion that the best or more expensive artworks tend to generate above average returns (the "masterpiece effect"), although (4) there is strong evidence in our data for the declining price anomaly, or "afternoon effect." |
| 主题 | Public Economics |
| 关键词 | Art auctions Declining price anomaly Latin american art Masterpiece effect |
| URL | https://cepr.org/publications/dp6790 |
| 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/535638 |
| 推荐引用方式 GB/T 7714 | Maurizio Zanardi,Giovanni Facchini,Paola Conconi. DP6790 Fast Track Authority and International Trade Negotiations. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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