Fig. 4
All quantiles: Prices changes after death Panels (a–c) capture price change in three bins following death, instead of using a continuous time trend. Panel (a) includes works sold between 0 and 2 years after death, (b) includes works sold 2–10 years after death and (c) includes works sold 10–20 years after death. The solid lines are the point estimate for each quantile. The shaded regions represent the 95% confidence interval.