Discoveries of fakes: Their impact on the art market
Bocart and Oosterlinck (2011EL)
Abstract:
This paper shows that before (after) fakes’ discoveries, artworks are less (more) likely to be sold through Sotheby’s or Christie’s. Prices only react negatively with a lag, suggesting that sellers try to postpone their sales as long as possible.
読んでみると，art marketの不思議さの方がむしろ目立つ。
