Discoveries of fakes: Their impact on the art market

Bocart, Fabian;Oosterlinck, Kim
(2011) Economics Letters — Vol. 113, n° 2, p. 124-126 (2011)

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Authors
  • Bocart, FabianUCLouvain
    Author
  • Oosterlinck, KimULB
    Author
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. © 2011 Elsevier B.V.
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Bocart, F., & Oosterlinck, K. (2011). Discoveries of fakes: Their impact on the art market. Economics Letters, 113(2), 124-126. https://doi.org/10.1016/j.econlet.2011.06.013 (Original work published 2011)