How art auctions work

Kathryn Graddy interviewed by Tim Phillips, 27 April 2019

What does economics teach us about art auctions? Katy Graddy of Brandeis University tells Tim Phillips what he needs to know before he bids for a painting of some artichokes.

Topics: Economic history Institutions and economics

Tags: art, auctions, game theory

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Kathryn Graddy

Dean, Brandeis International Business School and the Fred and Rita Richman Distinguished Professor of Economics at Brandeis University; CEPR Research Fellow

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