Auctions and the price of art
This paper contains a review of the burgeoning research that has been designed to shed light on how the art auction system actually works and what it indicates about price formation. First, we find that in recent years returns on art assets appear to be little different from returns on other assets....
| Main Authors: | , |
|---|---|
| Format: | Working paper |
| Published: |
University of Oxford
2002
|