The worth of art : financial tools for the art market /
"In recent years the art market has grown in both size and importance. It is currently estimated that ultra-high-net-worth individuals (UHNWIs) maintain 6% of their holdings in art-related assets; thus, at least US$ 1.75 trillion are invested in art worldwide. This figure does not take into acc...
| Hlavní autoři: | , |
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| Médium: | Licensed eBooks |
| Jazyk: | angličtina |
| Vydáno: |
New York :
Columbia University Press,
[2023]
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| On-line přístup: | https://www.jstor.org/stable/10.7312/cifu20178 |
| Shrnutí: | "In recent years the art market has grown in both size and importance. It is currently estimated that ultra-high-net-worth individuals (UHNWIs) maintain 6% of their holdings in art-related assets; thus, at least US$ 1.75 trillion are invested in art worldwide. This figure does not take into account the holdings of museums, banks, endowments, insurance companies, and other institutional investors. Artistic objects, notwithstanding their aesthetic merits, can also be valuable financial assets. This book shows readers with finance backgrounds how to use the analytical tools employed in more conventional markets (stocks, bonds, real estate) to assess the risk and rewards associated with participating in the art market as an investor, collector, banker, insurer, lender, auctioneer, speculator, etc. The book demonstrates the use of data analytics and statistics for art valuation vs. subjective appraisal based on connoisseurship"-- |
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| Fyzický popis: | xviii, 253 pages, 8 unnumbered pages of plates : illustraion 1 online resource : illustrations |
| Bibliografie: | Includes bibliographical references and index |
| ISBN: | 9780231554268 0231554265 9780231201780 0231201788 |