'Aimed at collectors and investors, this user-friendly guide explains art's value as an asset through comparisons with more familiar investments, including property, shares and gold. It draws on extensive research and interviews with key players in these other markets, as well as the author’s own experience, to clarify the specifics of art as an asset class.
This timely book considers the growing importance attributed to art as an investment, testing the validity of claims about art’s capacity to generate returns that outweigh its risks. It offers jargon-free explanations of how the characteristics of blue-chip art can be seen to coincide with and diverge from the fundamental features of more established types of asset. Key issues addressed include the role of subjectivity in the perception of value; the failure of attempts to establish stock markets for art; the risks and shortcomings of art funds; banks' reluctance to lend against art; and the art world's distaste for selling and speculation.' - from book flap.
Includes a bibliography and an index.
This timely book considers the growing importance attributed to art as an investment, testing the validity of claims about art’s capacity to generate returns that outweigh its risks. It offers jargon-free explanations of how the characteristics of blue-chip art can be seen to coincide with and diverge from the fundamental features of more established types of asset. Key issues addressed include the role of subjectivity in the perception of value; the failure of attempts to establish stock markets for art; the risks and shortcomings of art funds; banks' reluctance to lend against art; and the art world's distaste for selling and speculation.' - from book flap.
Includes a bibliography and an index.
Access level
Onsite
author
publisher
Location code
REF.GEM
Language
English
Keyword
art market,  capitalism
Publication/Creation date
2014
No of pages
192
ISBN / ISSN
9781848221345
No of copies
1
Content type
monograph
Chapter headings
Introduction: Risks & Returns
Art & Stock Markets
Art & Gold
Art & Wine
Art & Property
Art & Private Equity
Art & Luxury Goods
Conclusion
What does this mean?
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