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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 …
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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 …
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The article aims at answering the following research question: is the Polish art market mature enough to look at art investment as an important element of portfolio diversification? To provide an answer, the Authors analyzed auctions in Poland from the period 1991-2010, which were published by...
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