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A Test of Claret Price Formulation in Auction Markets

A Test of Claret Price Formulation in Auction Markets Examines the information determinants on the hammer price of a remarkable collection often vintages of Chteau LovilleBarton, spanning 198190, which came up for auction at Christie's, South Kensington, during the early part of 1994. The vintage ratings of three leading wine writers and the Christie's guide prices were modelled as predictions of the hammer price. The results indicated that the auctioneer's guide prices had greatest explanatory power in terms of the variation in the hammer prices, but the vintage ratings provided by the wine authors were also significant http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Wine Marketing Emerald Publishing

A Test of Claret Price Formulation in Auction Markets

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0954-7541
DOI
10.1108/eb008637
Publisher site
See Article on Publisher Site

Abstract

Examines the information determinants on the hammer price of a remarkable collection often vintages of Chteau LovilleBarton, spanning 198190, which came up for auction at Christie's, South Kensington, during the early part of 1994. The vintage ratings of three leading wine writers and the Christie's guide prices were modelled as predictions of the hammer price. The results indicated that the auctioneer's guide prices had greatest explanatory power in terms of the variation in the hammer prices, but the vintage ratings provided by the wine authors were also significant

Journal

International Journal of Wine MarketingEmerald Publishing

Published: Jan 1, 1995

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