DETERMINANTS OF SALES RATES AT TURKISH ART AUCTIONS
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Date
2012
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Akademiai Kiado Rt
Access Rights
info:eu-repo/semantics/closedAccess
Abstract
We examine the determinants of the overall sales rates at art auctions in Turkey. We use a unique dataset that covers 79 auctions that took place between January 2005 and February 2008. After controlling for auction house differences, seasonal factors and the price levels of the auctions, we find that the expectations about the economic developments and consumption patterns play an important role in explaining the sales rates differentials across different auctions taking place over time.
Description
Keywords
Turkish Art Market, Art Auctions, Sales Rates
Journal or Series
Acta Oeconomica
WoS Q Value
Q4
Scopus Q Value
Volume
62
Issue
4
