Do Market Players React to Court Decisions Impacting Art?
The Art Law Podcast
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The Effect of Andy Warhol on Auction Data
Andy Warhol is definitely, or because was definitely in almost all auction data sets like very much of an outlier. And this is something that our econometric models can address at first stage. So we basically run regressions, like calculate the effect based on the average treatment of an artist. We compare them the averages across the artists to be more outlier robust.
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