http://www2.unimc.it/enometrica/articles/article00023 http://www2.unimc.it/enometrica

Review of the vineyard data quantification society and the european association of wine economist

Les ventes aux enchères publiques

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Year: 2010
Authors: Bertrand Pérignon (SMS-Opérations Financières); Michel Sérieys (ISARA-Lyon)
Abstract:

This article focuses on the importance of the analysis of public auctions in the study of wine prices. The various characteristics and contributions of public auctions are listed and analysed, which allows the uninitiated reader to discover the domain of this type of sales intended mainly for the range of top wines seen as luxury products. These characteristics also remind the knowledgeable reader about the rules that govern public auctions from which specific information may be deduced to be able to explain certain trends concerning wine prices linked with the economic environment which is getting increasingly difficult.

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Ce papier présente l'intérêt de l'analyse des ventes aux enchères publiques dans l'étude du prix du vin. Les caractéristiques et les différents apports des ventes aux enchères publiques sont répertoriés et analysés. Il permet au lecteur néophyte de découvrir le domaine de cette vente particulière, destinée, en principe, aux vins haut de gamme comme aux produits rares. Il rappelle au lecteur averti les principes qui régissent ces ventes aux enchères publiques, pour en déduire les informations spéci ques explicatives de l'évolution du prix du vin en relation avec un environnement économique de plus en plus difficile.

Published in Review Enometrica, Volume 3 - Special Issue 2010