Access the full text.
Sign up today, get DeepDyve free for 14 days.
(2003)
Statistics Denmark (business cycle data)
(2003)
Bureau of Economic Analysis (www.bea.gov; business cycle data)
J. Bentzen, V. Smith, Søren Leth-Sørensen (2002)
Prices of French Icon Wines and the Business Cycle: Empirical Evidence from Danish Wine Auctions
(2002)
Robert Parker's Wine Advisor and Cellar Manager, Wine Technologies Inc
Gregory Jones, K. Storchmann (2001)
Wine market prices and investment under uncertainty: an econometric model for Bordeaux Crus ClasssPolymer
J. Bentzen, V. Smith (2002)
An empirical analysis of the effect of labour market characteristics on marital dissolution rates
(2003)
Auctioneers of Fine Art: Selected Wines, Catalogues from wine auctions 302719 (1973-2003)
J. MacKinnon (1990)
Critical Values for Cointegration Tests
J. Bentzen, V. Smith (2003)
Regional income convergence in the Scandinavian countries
J. Bentzen, V. Smith (2002)
What does California have in common with Finland, Norway and Sweden?
O. Ashenfelter (1989)
How Auctions Work for Wine and ArtJournal of Economic Perspectives, 3
(2003)
Wine Market Journal
Stephen Thode, L. Taylor, James Maskulka (2002)
Information Asymmetries in the Pricing of Fine WinesInternational Journal of Wine Marketing, 14
(2003)
Christie's London (selected wine auction price data)
S. Wanhill (1995)
A Test of Claret Price Formulation in Auction MarketsInternational Journal of Wine Marketing, 7
Auctions of selected wines have regularly taken place internationally and from natural reasons they have mostly involved the finest wines as e.g. the top wines from Bordeaux. In order to analyse specific auction wine prices, the Mouton Rothschild Medoc Premier Cru Class has been selected for investigation, where auction data have been collected from the USA The Chicago Wine Company, Denmark Bruun Rasmussen, Selected Wines Auctions and from other sources as well. The price development of this specific icon wine is expected to be influenced by many factors, although theoretically, investment decisions concerning e.g. icon wines, ought not to be highly sensitive to shortrun business conditions. The empirical findings exhibit that the auction prices of the Mouton Rothschild differ relatively much between the auction houses, and the time series analysis reveals only weak evidence of comovements between wine prices and selected business cycle indicators.
International Journal of Wine Marketing – Emerald Publishing
Published: Feb 1, 2004
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.