Rising Stars, Superstars and Dying Stars: Hedonic Explorations of Autograph Prices
AbstractKey studies have explored the economics of rising stars, superstars and ‘has beens’, but relatively little economic literature exists on the associated parallel memorabilia markets. Using a random sample of 1151 pieces of autographed artefacts, on sale through a retail and internet outlet, hedonic analysis is undertaken to elicit significant characteristics in price determination. The data principally consists of autographs of past and current cultural icons along with some sporting and historical figures. We explore, inter alia, price differences with respect to ‘dead’ or ‘alive’ signatories, gender, sphere of fame, nationality, the age of the signatory and the nature of the artefact on which the signature is written. Alternative model specifications have been explored and compared. A notable difference emerges between those autographs with photographs and those without. There are also differences in prices according to whether individuals had been famous for their roles in just films, just television, or in both.
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Bibliographic InfoPaper provided by Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol in its series Working Papers with number 0603.
Length: 18 pages
Date of creation: Mar 2006
Date of revision:
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Find related papers by JEL classification:
- Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
- D40 - Microeconomics - - Market Structure and Pricing - - - General
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
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