We follow Graddy and Margolis (2011) who study the financial returns obtained by investing in violins. Using the technique of repeat-sales regressions, we analyze if a masterpiece effect is present. We also look at the returns difference between violins sold at auctions and through dealers. In our empirical analysis, we document the existence of a positive masterpiece effect for violins.
|Translated title of the contribution||Masterpiece effects, evidence on the violins market|
|Place of Publication||9|
|Publisher||Revue bancaire et financière|
|Number of pages||248|
|Publication status||Published - 2014|