Modeling Online Art Auction Dynamics Using Functional Data Analysis

• Main Authors: REDDY, Karempudi Srinivas, DASS, Mayukh
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2006
• Subjects: Functional data analysis; on-line auctions; hedonic products; modern Indian art; art auctions; bidding; auction design; Business; E-Commerce; Marketing
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/1767; https://ink.library.smu.edu.sg/context/lkcsb_research/article/2766/viewcontent/ModelingOnlineArtActionDynFDA_2006_SS.pdf
• Institution: Singapore Management University

In this paper, we examine the price dynamics of on-line art auctions of modern Indian art using functional data analysis. The purpose here is not just to understand what determines the final prices of art objects, but also the price movement during the entire auction. We identify several factors, su...