Using data from one of Australia's largest thoroughbred auction houses, we investigate the price determinants of … thoroughbred yearlings sold at auction. We include novel key variables to construct various hedonic pricing models, and test … whether the models forecast sufficiently well out-of-sample to be a useful tool for buyers and sellers. We find that the price …

Statistical methods are widely used for valuation (prediction of the value at sale or auction) of a unique object such … previously sold, an alternative is to base an estimate on the previous sale price. The combination of these approaches has been … employed in real estate price index construction (e.g., Jiang et al. 2015); in the present context, we treat the use of these …

academic interest in art, understanding of auction prices is limited. Price intransparency is exacerbated by contrasting … framework for the auction price mechanism that accounts for quantifiable and unquantifiable or difficult-to-quantify factors and … is no comprehensive theory of auction prices that combines both perspectives. To fill this gap, the author conducts three …