Campos, Nauro F.; Barbosa, Renata Leite - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
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 …