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"Prices for Paintings by African American Artists and Their Contemporaries: Does Race Matter? (Revision of Working Paper No. 2006-06)"
Agnello, Richard; Xu, Xiaowen - Department of Economics, Lerner College of Business and … - 2008
This paper investigates the extent that economic markets have incorporated mainstream artistic acceptance of African American art. Price levels and movements for paintings by African American artists versus their white contemporaries are compared using auction data from 1972 to 2004. Means in...
Persistent link: https://www.econbiz.de/10005695952
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Does it pay to invest in Art? A Selection-corrected Returns Perspective
Korteweg, Arthur; Kräussl, Roman; Verwijmeren, Patrick - 2013
This paper shows the importance of correcting for sample selection when investing in illiquid assets with endogenous trading. Using a large sample of 20,538 paintings that were sold repeatedly at auction between 1972 and 2010, we find that paintings with higher price appreciation are more likely...
Persistent link: https://www.econbiz.de/10010326195
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Does it pay to invest in art? A selection-corrected returns perspective
Korteweg, Arthur; Kräussl, Roman; Verwijmeren, Patrick - 2013
This paper shows the importance of correcting for sample selection when investing in illiquid assets with endogenous trading. Using a large sample of 20,538 paintings that were sold repeatedly at auction between 1972 and 2010, we find that paintings with higher price appreciation are more likely...
Persistent link: https://www.econbiz.de/10010326671
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Does it Pay to Invest in Art? A Selection-corrected Returns Perspective
Kraussl, Roman; Korteweg, Arthur; Verwijmeren, Patrick - Centre de Recherche en Économie Appliquée (CREA), … - 2013
This paper shows the importance of correcting for sample selection when investing in illiquid assets with endogenous trading. Using a large sample of 20,538 paintings that were sold repeatedly at auction between 1972 and 2010, we find that paintings with higher price appreciation are more likely...
Persistent link: https://www.econbiz.de/10010900735
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Does it pay to invest in art? A selection-corrected returns perspective
Korteweg, Arthur; Kräussl, Roman; Verwijmeren, Patrick - Center for Financial Studies - 2013
This paper shows the importance of correcting for sample selection when investing in illiquid assets with endogenous trading. Using a large sample of 20,538 paintings that were sold repeatedly at auction between 1972 and 2010, we find that paintings with higher price appreciation are more likely...
Persistent link: https://www.econbiz.de/10010986491
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Does it pay to invest in Art? A Selection-corrected Returns Perspective
Korteweg, Arthur; Kräussl, Roman; Verwijmeren, Patrick - Tinbergen Instituut - 2013
This paper shows the importance of correcting for sample selection when investing in illiquid assets with endogenous trading. Using a large sample of 20,538 paintings that were sold repeatedly at auction between 1972 and 2010, we find that paintings with higher price appreciation are more likely...
Persistent link: https://www.econbiz.de/10011256292
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Does it pay to invest in art? : a selection-corrected returns perspective
Korteweg, Arthur; Kräussl, Roman; Verwijmeren, Patrick - 2013
This paper shows the importance of correcting for sample selection when investing in illiquid assets with endogenous trading. Using a large sample of 20,538 paintings that were sold repeatedly at auction between 1972 and 2010, we find that paintings with higher price appreciation are more likely...
Persistent link: https://www.econbiz.de/10010201316
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The Value of a Good Reputation Online : An Application to Art Auctions
Canals-Cerda, José J. - 2014
Using a unique dataset of art auctions on eBay, we conduct an empirical analysis of the value of a seller's online … unobserved differences across auctions. The existing literature suggests a marginally significant, and small in magnitude, impact …
Persistent link: https://www.econbiz.de/10014047588
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Bidding behaviour in the ECB's main refinancing operations during the financial crisis
Eisenschmidt, Jens; Hirsch, Astrid; Linzert, Tobias - 2009
Liquidity provision through its repo auctions has been one of the main instruments of the European Central Bank (ECB … unique data set comprising repo auctions from March 2004 to October 2008 with bidding data from 877 counterparties. We find …. -- Central Bank Auctions ; Financial Market Turmoil ; Panel Sample Selection Model ; Bidding Behavior ; Monetary Policy …
Persistent link: https://www.econbiz.de/10003866003
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What is the Cost of Low Participation in French Timber Auctions?
Préget, Raphaële - 2010
standing timber lots? What is the cost of low participation in French timber auctions? To estimate the value of a timber lot we … adopt the transaction-evidence appraisal approach using data from timber auctions in Lorraine (Eastern France) accounting …
Persistent link: https://www.econbiz.de/10013138545