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Article | KnE Open
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
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