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Charity Art Auctions

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  • Jose J. Canals-Cerda

Abstract

type="main" xml:id="obes12045-abs-0001"> Using a unique panel data set of art auctions on eBay, we conduct an empirical analysis of the impact of charity status on the outcome of an auction and find it to be substantial. Charity status increases the probability of sale by 46%, the observed number of bidders by 111% and the sale price by 45%. In addition, charity status substantially lowers the auction's opening price. Interestingly, the effect of charity status declines over time indicating that charity auctions may be susceptible to donor fatigue.

Suggested Citation

  • Jose J. Canals-Cerda, 2014. "Charity Art Auctions," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 76(6), pages 924-938, December.
    • Handle: RePEc:bla:obuest:v:76:y:2014:i:6:p:924-938
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    File URL: http://hdl.handle.net/10.1111/obes.2014.76.issue-6
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    Cited by:

    1. Feicht, Robert & Grimm, Veronika & Seebauer, Michael, 2016. "An experimental study of corporate social responsibility through charitable giving in Bertrand markets," Journal of Economic Behavior & Organization, Elsevier, vol. 124(C), pages 88-101.
    2. Chang, Chia-Chi & Chen, Po-Yu, 2019. "Which maximizes donations: Charitable giving as an incentive or incentives for charitable giving?," Journal of Business Research, Elsevier, vol. 97(C), pages 65-75.

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