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Declining Values and the Afternoon Effect: Evidence from Art Auctions

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Author Info
Beggs, A.
Graddy, K.

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Abstract

This 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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Publisher Info
Paper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 99184.

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Length: 30 pages
Date of creation: 1996
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Handle: RePEc:oxf:wpaper:99184

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Web page: http://www.economics.ox.ac.uk/
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Related research
Keywords: AUCTIONS PRICES

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Find related papers by JEL classification:
D40 - Microeconomics - - Market Structure and Pricing - - - General
D44 - Microeconomics - - Market Structure and Pricing - - - Auctions

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This page was last updated on 2008-11-17.

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