Skip to main content
padlock icon - secure page this page is secure

Pricing uncertainty in wine markets following the Rudy Kurniawan scandal

Buy Article:

$55.00 + tax (Refund Policy)

This paper examines the impact of the Rudy Kurniawan fraudulent wine scandal on the market for wine sold at auction. Using data gathered from Wine Spectator’s Auction Highlights reports, we estimate the difference in average price per lot of wine sold at auctions before and after Mr Kurniawan’s arrest. We find a large statistically significant decrease (25–30%) in average price per lot following the arrest, with some evidence of even larger declines at Acker Merrall and Condit, the auction house most associated with the scandal.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Article Media
No Metrics

Keywords: D44; D8; L15; Uncertainty; auction; fraud; quality; wine

Document Type: Research Article

Affiliations: Department of Economics, Rhodes College, Memphis, TN, USA

Publication date: January 2, 2020

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more