id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
work_s4tcslocarhbbgqwbmhduvoljm	Corinna Czujack	Do art specialists form unbiased pre-sale estimates? An application for Picasso paintings	2004	6	.pdf	application/pdf	3132	422	81	Sotheby's and Christie's, have given good predictions for the works that have been pre-sale estimates is tested for. influence on the pre-sale estimate, but he sets the reservation price under which he is not willing to sell. house can choose to set the pre-sale estimate range in a way The study tests whether pre-sale estimates are unbiased pre-sale estimate of the price Yi of a lot i. if there is full information on X, the pre-sale estimate. hammer price if the work is sold and zero otherwise), Y works which are sold could result in biased estimates since, This regression provides a test for sample selectivity, as well as an estimation technique. medium used, price and pre-sale estimate and information Table 2 compares the price p with the pre-sale estimated sold at a price within the estimate range and 20% were Do art specialists form pre-sale estimates? Do art specialists form pre-sale estimates?	./cache/work_s4tcslocarhbbgqwbmhduvoljm.pdf	./txt/work_s4tcslocarhbbgqwbmhduvoljm.txt