Journal of Cultural Economics

, Volume 31, Issue 4, pp 279–292

Bidding and prices for online art auctions: sofa art or investment

Original Article

DOI: 10.1007/s10824-007-9054-7

Cite this article as:
Highfill, J. & O’Brien, K. J Cult Econ (2007) 31: 279. doi:10.1007/s10824-007-9054-7

Abstract

The article uses auction data collected from the eBay internet site to examine the effect of various parameters on number of bids and selling price of art. The article further uses an insight from the auction literature to gather evidence about whether art on eBay is purchased for consumption or investment purposes. The article argues that the evidence found of a positive relationship between the number of bids and the final price suggests that art sold on eBay is not, in general, investment art.

Keywords

ArtAuctionsE-commerce

JEL Classification

L86Z11

Copyright information

© Springer Science+Business Media, LLC. 2007

Authors and Affiliations

  1. 1.Department of EconomicsBradley UniversityPeoriaUSA