Discoveries of fakes: Their impact on the art market
This 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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- Victor Ginsburgh & Jianping Mei & Michael Moses, 2006. "On the computation of art indices in art," ULB Institutional Repository 2013/7290, ULB -- Universite Libre de Bruxelles.
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2009-15, Tilburg University, Center for Economic Research.
- Luc Renneboog & Christophe Spaenjers, 2013. "Buying Beauty: On Prices and Returns in the Art Market," Management Science, INFORMS, vol. 59(1), pages 36-53, February.
- Christophe Spaenjers & Luc Renneboog, 2013. "Buying Beauty: On Prices and Returns in the Art Market," Post-Print hal-00784069, HAL.
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