Trends in the changes on the international art market

Show simple item record Sokołowska, Ewelina 2016-06-14T11:46:25Z 2016-06-14T11:46:25Z 2015
dc.identifier.issn 1211-555X (Print)
dc.identifier.issn 1804-8048 (Online)
dc.description.abstract 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. eng
dc.format p. 122-130 eng
dc.language.iso eng
dc.publisher Univerzita Pardubice cze
dc.relation.ispartof Scientific papers of the University of Pardubice. Series D, Faculty of Economics and Administration. 33/2015 eng
dc.rights open access eng
dc.subject financial innovation eng
dc.subject art investment eng
dc.subject alternative investments eng
dc.subject analysis of the market eng
dc.subject wealth management eng
dc.title Trends in the changes on the international art market eng
dc.type Article eng
dc.peerreviewed yes eng
dc.publicationstatus published eng
dc.identifier.scopus 2-s2.0-84929617175
dc.subject.jel G11
dc.subject.jel G19
dc.subject.jel Z11

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