Emergent network ties among bidders significantly impact online art auction prices.
The article explores how connections between bidders in online art auctions affect final sale prices. By analyzing bid patterns, researchers found that these network ties play a significant role in determining auction outcomes. Understanding these interactions can help predict prices and identify key bidders who influence final sales. This goes beyond just looking at the number of bids or bidders involved. The findings have important implications for both online auction houses and bidders.