A Game Theoretic Explanation of Art Auction Experts’ Pre-Sale Estimates: How Estimates Alter Auction Success
This paper examines the relationship between auction outcomes and pre-sale estimates. Using data from Blouin Arts Sales Index this paper examines 700 realized prices for Picasso works over the last five months of 2015. After considering many estimation inadequacies, it is determined that experts are...
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| Format: | Others |
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Scholarship @ Claremont
2016
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| Online Access: | http://scholarship.claremont.edu/scripps_theses/791 http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=1765&context=scripps_theses |