The relationship between pre-sale price estimates and the hammer price for Australian paintings sold at auction

event

posted on 2012-01-01, 00:00 authored by Bronwyn Coate, L Farrell, T Fry

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.

History

Event

International Conference on Cultural Economics (17th : 2012 : Kyoto, Japan)

Publisher

Association for Cultural Economics International

Location

Kyoto, Japan

Place of publication

Kyoto, Japan

Start date

2012-06-21

End date

2012-06-24

Language

eng

Publication classification

EN.1 Other conference paper

Extent

Paper published in proceedings distributed to partipants via USB at the conference

Usage metrics

Keywords

Australian art pre-sales price estimates auction prices

Licence

Exports

RefWorks

BibTeX

Ref. manager

Endnote

DataCite

NLM