An options-based approach to analyze auction guarantees in the art market
Auction-house guarantees are becoming a common feature in the art market. We analyze these guarantees within the framework of financial options. This approach allows us to derive analytical (closed-form) expressions to value these positions, considering both, the case in which the painting is sold,...
| Autores principales: | , |
|---|---|
| Formato: | Artículo (Article) |
| Idioma: | Inglés (English) |
| Publicado: |
2025
|
| Materias: | |
| Acceso en línea: | https://repositorio.uc.cl/handle/11534/100648 |