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

Printer-friendly version

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

Don't Miss

Carbon taxation and inflation. Evidence from Canada and Europe

Weder di Mauro

No brainers and low-hanging fruit in national climate policy

Caselli, Ludwig, van der Ploeg

Sustainable Finance RPN. Pricing carbon risk to get to net zero

Bolton

Events

Geneva Trade and Development Workshop

18 October - 6 December 2021 / Online /
European Research Workshop in International Trade (ERWIT) 2021

20 - 22 October 2021 / Milan, Italy / CEPR, Università degli Studi di Milano, Centro Studi Luca d'Agliano, the Baffi Carefin Centre of Bocconi University and the Horizon 2020 MICROPROD Project.
Finance, money and climate change - open policy panel of the 74th Economic Policy Panel meeting

21 - 21 October 2021 / / Economic Policy
CALL FOR PAPERS: Which direction for capital markets in the EU and around the world?

4 2021 - 5 November 2011 / Online/Lisbon / European Capital Markets Institute
SNB-FRB-BIS High-level conference on Global Risk, Uncertainty, and Volatility

15 November 2021 - 9 March 2022 / Zurich (hybrid) / Swiss National Bank, Board of Governors of the Federal Reserve System and Bank for International Settlements

CEPR Policy Research

Homeownership of immigrants in France: selection effects related to international migration flows

Gobillon, Solignac
Climate Change and Long-Run Discount Rates: Evidence from Real Estate

Giglio, Maggiori, Stroebel, Weber
The Permanent Effects of Fiscal Consolidations

Summers, Fatás
Demographics and the Secular Stagnation Hypothesis in Europe

Favero, Galasso
QE and the Bank Lending Channel in the United Kingdom

Butt, Churm, McMahon, Morotz, Schanz

Independent report on the Greek official debt

Eichengreen, Avgouleas, Poiares Maduro, Panizza, Portes, Weder di Mauro, Wyplosz, Zettelmeyer
Rebooting the Eurozone: Step 1 – Agreeing a Crisis narrative

Baldwin, Beck, Bénassy-Quéré, Blanchard, Corsetti, De Grauwe, den Haan, Giavazzi, Gros, Kalemli-Ozcan, Micossi, Papaioannou, Pesenti, Pissarides , Tabellini, Weder di Mauro
A world without the WTO: what’s at stake?

Baldwin, Nakatomi
The economics of insurance and its borders with general finance

Thimann
Maturity mismatch stretching: Banking has taken a wrong turn

Goodhart, Perotti