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Rising Stars, Superstars and Dying Stars: Hedonic Explorations of Autograph Prices

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Author Info
Alan Collins () (Department of Economics, University of Portsmouth)
Richard O'Doherty (School of Economics, University of the West of England)
Martin C. Snell () (Department of Economics, University of Portsmouth)

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Abstract

Key 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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File URL: http://carecon.org.uk/DPs/0603.pdf
File Format: application/pdf
File Function: First version, 2006
Download Restriction: no

Publisher Info
Paper provided by University of the West of England, Department of Economics in its series Discussion Papers with number 0603.

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Length: 18 pages
Date of creation: Mar 2006
Date of revision:
Handle: RePEc:uwe:wpaper:0603

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Web page: http://www.uwe.ac.uk/bbs/acad/econ/econ.shtml
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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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This page was last updated on 2009-11-24.

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