Scandinavian Working Papers in Economics
HomeAboutSeriesSubject/JEL codesAdvanced Search
Department of Economics, Aarhus School of Business, University of Aarhus Working Papers, Department of Economics, Aarhus School of Business, University of Aarhus

No 03-22:
A Comparative Study of Wine Auction Prices: Mouton Rothschild Premier Cru Classé

Jan Bentzen () and Valdemar Smith ()

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 a lot of 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.

Keywords: Wine auction prices; Mouton Rothschild; business cycles; (follow links to similar papers)

JEL-Codes: D44; E32; (follow links to similar papers)

23 pages, January 28, 2003

Before downloading any of the electronic versions below you should read our statement on copyright.
Download GhostScript for viewing Postscript files and the Acrobat Reader for viewing and printing pdf files.

Full text versions of the paper:

0003155.pdf    PDF-file
Download Statistics

Questions (including download problems) about the papers in this series should be directed to Helle Vinbaek Stenholt ()
Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design by Joachim Ekebom

Handle: RePEc:hhs:aareco:2003_022 This page was generated on 2014-12-14 19:20:39