Digitální knihovnaUPCE
 

Trends in the changes on the international art market

Článekpeer-reviewedpublished
Náhled

Datum publikování

2015

Vedoucí práce

Oponent

Název časopisu

Název svazku

Vydavatel

Univerzita Pardubice

Abstrakt

The main goal of the article is to present investing in art as contemporary financial innovation. Investing in artifacts, compared to traditional forms of capital allocation, is an alternative form of investment. The art market is an attractive form of investment, because it combines economic aspects of capital allocation with aesthetic sensations. Enrichment of the society significantly stimulates development of the art market. For nearly a decade, international art market has been characterized by a dynamic growth rate. Up until the outbreak of the financial crisis in 2008, the growth rate ranged from 30% to 60% annually. The value of the global art market in 2013 was 63 billion dollars, while the sale of artifacts between the years 2009 and 2013 increased by 60%. It indicates the prospects for further development of this segment of the international alternative investments market. As such, analysis of the changing trends on the international art market seems to be of interest. To lead such analysis, the method of induction and deduction have been use.

Rozsah stran

p. 122-130

ISSN

1211-555X (Print)
1804-8048 (Online)

Trvalý odkaz na tento záznam

Projekt

Zdrojový dokument

Scientific papers of the University of Pardubice. Series D, Faculty of Economics and Administration. 33/2015

Vydavatelská verze

Přístup k e-verzi

open access

Název akce

ISBN

Studijní obor

Studijní program

Signatura tištěné verze

Umístění tištěné verze

Přístup k tištěné verzi

Klíčová slova

financial innovation, art investment, alternative investments, analysis of the market, wealth management

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