The relationship between pre-sale price estimates and the hammer price for Australian paintings sold at auction
Coate, Bronwyn S., Farrell, Lisa and Fry, Tim R. L. 2012, The relationship between pre-sale price estimates and the hammer price for Australian paintings sold at auction, Kyoto, Japan, 21-24 Jun. 2012, Kyoto, Japan, Association for Cultural Economics International.
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Title
The relationship between pre-sale price estimates and the hammer price for Australian paintings sold at auction
Realized price for paintings auctioned can systematically differ from prior estimates. We need to understand why experts get it wrong. This paper uses an econometric approach to investigate how pre-sales price estimates are formed and the impact that they have in determining auction prices for Australian paintings.
Language
eng
Field of Research
190599 Visual Arts and Crafts not elsewhere classified
Socio Economic Objective
919999 Economic Framework not elsewhere classified
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