academic interest in art, understanding of auction prices is limited. Price intransparency is exacerbated by contrasting … framework for the auction price mechanism that accounts for quantifiable and unquantifiable or difficult-to-quantify factors and … is no comprehensive theory of auction prices that combines both perspectives. To fill this gap, the author conducts three …

The aim of this paper is to model painting prices at auction. Our contribution is threefold: first, the set of …. Our results suggest that auction prices depend mainly upon four sets of regressors: artist identity; physical … characteristics of the paintings; artistic characteristics; sale characteristics, such as auction house, marketplace and year of sale …

not ‘fix the price or the method of determiningit'. The provision is thus meant — as are the following Art 6:105 and 6 …

, prices were made conditional on correlated variables such as the number of figures depicted. We find evidence of price …