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trading. Using a large sample of 20,538 paintings that were sold repeatedly at auction between 1972 and 2010, we find that …
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This dissertation contains seven chapters. Chapter 1 serves as a general introduction to the risks and returns of collectibles, and is co-authored with Elroy Dimson. Chapter 2 investigates the long-term investment performance of art, and is co-authored with Luc Renneboog. Chapter 3, also written...
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