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The paper deals with the problem of determinants of the auction prices of the works of art. A specialattention is given … to the attributes of works of art i.e.: the name of artist, time of creation, format (size), theme, technique, signature …. The analysis is based on the cross-section data on art auction results of severalauction sessions in Poland. The empirical …
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factors identified in the literature including vendor strategy, market structure, vendor heterogeneity and the time dimension … the maturity of the market. Consistent with our finding that price dispersion increases with the number of sellers, less … price dispersion: a French law limiting discounting on new books results in lower price dispersion in the French book market …
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court decisions can bring to bear existing legal standards and can have significant effects on market behavior, especially …
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non-price factors are highly relevant. In the fine art market, the growth of market information providers facilitated … an artwork's value. The findings deconstruct factors of supply, demand and multiple prices in the art market …, highlighting important non-price factors in valuation, which complicates provider claims of art market transparency. Unpacking the …
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