KnE Social Sciences

ISSN: 2518-668X

The latest conference proceedings on humanities, arts and social sciences.

Investment in Fine Art Market Versus Investment in Financial Instruments

Published date: Jan 12 2020

Journal Title: KnE Social Sciences

Issue title: Economies of the Balkan and Eastern European Countries

Pages: 230–245

DOI: 10.18502/kss.v4i1.5991

Authors:
Abstract:

The art market has been seen always as an area of excellence, where only the elected people can understand the mysteries of the specific of the arts. Although there might be both investments in assets, the investment in art and the investment in financial instruments are different. This paper explores the differences between these two types of investments.

Keywords: art investment, art value, art price

References:

[1] https://www.ubs.com/global/en/about_ubs/art/2019/art-basel.html

[2] https://arttactic.com/

[3] https://www2.deloitte.com/lu/en/pages/art-finance/articles/art-finance-report.html

[4] Taleb, N.N., (2008) Black Swan, Random House Trade

[5] McAfee, R.P.; McMillan, J. (1987), Auctions and Bidding, Journal of Economic Literature 25, no. 2 ( June): 699–738, cited at 701.

[6] https://www.artbasel.com/about/initiatives/the-art-market

[7] https://data.worldbank.org/indicator/ny.gdp.mktp.cd?end=2018&start=2006

[8] https://www.artbasel.com/about/initiatives/the-art-market

[9] Malraux, A. (1953), Part 1 Museums without walls in Voices of Silence, St. Albans, UK, Granada publishing Limited

[10] Caplin L. E.,(1982), Rosenquist James, Artists and Planning in The Business of Art (2

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