theory of auctions shows that it is unlikely that successful buyers as a group were injured. …

collusion with Christie’s, the other great public auction house, was actually engineered. Contrary to the way the proceeds from … the collusion, but that sellers were. In addition, based on the public record of settlement, it appears that the … auctions, much of it in response to empirical findings, and we review three key findings. First, the evidence suggests that art …

This paper tests for reference dependence, using data from Impressionist and Contemporary Art auctions. We distinguish …

prices in art auctions, using a large database of auctions and a smaller database of repeat sales. …