IDEAS home Printed from https://ideas.repec.org/a/mul/jqat1f/doi10.1427-3617y1997i2p163-198.html
   My bibliography  Save this article

Strategie di intermediazione e di scambio nel mercato dell'arte: un'analisi empirica

Author

Listed:
  • Antonello E. Scorcu

Abstract

This paper analyzes the auctions of modern and contemporary paintings in the Italian market over the period 1983-95. Two main empirical findings emerge: first, the estimated values increase with order of sale; second, the price/estimate ratios are independent of the order of sale. Therefore, on average, the effects that could systematically affect the price/estimate sequence neutralize each other and no profitable trading rules emerge. At the same time, predictable differences in the average price of the paintings are present at the auction level.

Suggested Citation

  • Antonello E. Scorcu, 1997. "Strategie di intermediazione e di scambio nel mercato dell'arte: un'analisi empirica," Rivista italiana degli economisti, Società editrice il Mulino, issue 2, pages 163-198.
  • Handle: RePEc:mul:jqat1f:doi:10.1427/3617:y:1997:i:2:p:163-198
    as

    Download full text from publisher

    File URL: https://www.rivisteweb.it/download/article/10.1427/3617
    Download Restriction: Access to full text is restricted to subscribers

    File URL: https://www.rivisteweb.it/doi/10.1427/3617
    Download Restriction: no
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mul:jqat1f:doi:10.1427/3617:y:1997:i:2:p:163-198. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.rivisteweb.it/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.