Earticle

초록

영어

According to the price-decline effect, the art auction prices are known to decrease with the order of auction sale. Our empirical study investigates the presence for the price-decline effect using the data for Korean antique art hosted by the Seoul Auction in September, 2015. We apply the Hedonic price model to the data and examine the relation between the sale order and auction price. Our empirical evidences show that the well-known price decline effect is not present for the case of Korean antique auction in 2015. We confirm our results by estimating the ordered probit model. From the view of the price-decline effect, our results suggest that the Korean antique auction data exhibits different characteristics from most of the foreign art auction data.

목차

Abstract
 1. 서론
 2. 이론적 배경
 3. 실증분석 방법 및 자료 소개
  3.1 헤도닉 모형
  3.2 자료 소개
 4. 실증분석 결과
 5. 결론
 References

키워드

저자

• 양문실 [ Mun Sil Yang | Department of Culture-Art Business Administration in the Graduate School of Chung-Ang University ] First Author
• 이유우 [ Yoo Woo Lee | Department of Business Administration in the Graduate School of Chung-Ang University ]
• 송정석 [ Jeongseok Song | Associate Professor, School of Economics, College of Business and Economics, Chung-Ang University ] Corresponding author

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  JITAM [Journal of Information Technology Applications and Management]

• 간기

  격월간

• pISSN

  1598-6284

• eISSN

  2508-1209

• 수록기간

  1999~2026

• 십진분류

  KDC 005 DDC 005