Clare McAndrew, James L. Smith, and Rex Thompson, "The Impact of Reserve 
Prices on the Perceived Bias of Expert Appraisals of Fine Art", Journal 
of Applied Econometrics, Vol. 27, No. 2, 2012, pp. 235-252.

The data used in this study are the property of Kusin and Co. (Kusin.com),
who compiled them from original auction catalogues and several on-line
vendors.  Kusin and Co. do not permit open access; hence the data cannot
be lodged here.  The full data set and permission for use may be obtained 
by contacting David Kusin directly at DavidKusin@Kusin.com.

The data set consists of two files, both in ASCII format.  The first file
contains 7 columns and 4260 rows.  Each row holds information about an
individual work offered at auction.  Columns are labeled at the head and
appear in the following order:  Date of auction, ID of auction house,
name of artist, the buyer's premium (which includes auction house
commission), the pre-sale lower expert appraisal, the pre-sale upper
expert appraisal, and the hammer price (if the item was sold).  Missing
data are represented by blanks.  If an item was not sold, the premium is
recorded as "BI" (bought in) and the hammer price is left blank.  All
monetary quantities are reported in US dollars.

The second file contains 3 columns and 355 rows.  Each row holds
information about an individual auction house.  Columns are labeled at
the head in the following order:  Full name of auction house, abbreviated
identification code (as used in the first data file), and country of
domain.

James L. Smith
jsmith [AT] cox.smu.edu