Discoveries of fakes: Their impact on the art market
AbstractThis paper shows that before (after) fakes’ discoveries, artworks are less (more) likely to be sold through Sotheby’s or Christie’s. Prices only react negatively with a lag, suggesting that sellers try to postpone their sales as long as possible.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 113 (2011)
Issue (Month): 2 ()
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Web page: http://www.elsevier.com/locate/ecolet
Art market; Fakes; Hedonic regression; Sotheby’s; Christie’s;
Other versions of this item:
- Fabien Bocart & Kim Oosterlinck, 2011. "Discoveries of fakes: their impact on the art market," Working Papers CEB 11-023, ULB -- Universite Libre de Bruxelles.
- Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
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