Search

Showing 3,681-3,700 of 16,341 items.

Auctions and the Price of Art

By Orley Ashenfelter and Kathryn Graddy

Journal of Economic Literature, September 2003

This paper contains a review of the burgeoning new research of the last decade that has been designed to shed light on how the art auction system works, what it indicates about price formation, and how well it performs. We begin with a short description o...