Declining Values and the Afternoon Effect: Evidence from Art Auctions
AbstractThis paper reports the results of a study on the order of sale in art auctions. The final bid relative to the autionner's estimated price is found to decline throughout the course of auction.
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Bibliographic InfoPaper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 99184.
Length: 30 pages
Date of creation: 1996
Date of revision:
Other versions of this item:
- Alan Beggs & Kathryn Graddy, 1997. "Declining Values and the Afternoon Effect: Evidence from Art Auctions," RAND Journal of Economics, The RAND Corporation, vol. 28(3), pages 544-565, Autumn.
- D40 - Microeconomics - - Market Structure and Pricing - - - General
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
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