A Comparative Study of Wine Auction Prices: Mouton Rothschild Premier Cru Classé
Year: 2004
Type: article
Abstract: 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 Classé) 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 short‐run 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 co‐movements between wine prices and selected business cycle indicators.
DOI: 10.1108/eb008774
Authors: Jan Bentzen, Valdemar Smith
Institution: Aarhus University
Language: English
Subfield: Visual Arts and Performing Arts
Field: Arts and Humanities
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1973740468