academic interest in art, understanding of auction prices is limited. Price intransparency is exacerbated by contrasting … on price determinants. Eleven in- depth expert interviews (Study 2) clarify how these determinants and other factors that … framework for the auction price mechanism that accounts for quantifiable and unquantifiable or difficult-to-quantify factors and …

prints, we define an overvalued (undervalued) print as a print that was bought for a price above (below) its high (low … that were bought for a price 10 percent above (below) its high (low) pricing estimate generate a positive (negative) excess … return of 12 percent (17 percent) after controlling for the general price movement on the prints market. The price correction …

prints, we define an overvalued (undervalued) print as a print that was bought for a price above (below) its high (low … that were bought for a price 10 percent above (below) its high (low) pricing estimate generate a positive (negative) excess … return of 12 percent (17 percent) after controlling for the general price movement on the prints market. The price correction …