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The worth of art : financial tools for the art market / Arturo Cifuentes and Ventura Charlin.

By: Contributor(s): Publisher: New York : Columbia University Press, ©2023Description: 253 pages, 8 unnumbered pages of plates chiefly illustrations (some color) ; 24 cmContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISBN:
  • 9780231201780
Subject(s): Genre/Form: LOC classification:
  • N8675 .C54 2023
Contents:
Understanding the Art Markets. Estimating Returns in the Art Market -- Simple Comparisons to Uncover Interesting Trends -- Price and Color in Paintings -- Art Market Indices -- Investment Strategies. Portfolio Management Strategies -- Art-Secured Lending -- Auction Guarantees -- The Market for Collectibles -- Art, Data and Finance: A Few Speculations About the Future -- Appendix for Poets.
Summary: "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"--
Item type: BOOKS
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Current library Home library Call number Status Barcode
Alfaisal University On Shelf Alfaisal University On Shelf N8675 .C54 2023 (Browse shelf(Opens below)) Available AU00000000020844
Total holds: 0

Includes index.

Understanding the Art Markets. Estimating Returns in the Art Market -- Simple Comparisons to Uncover Interesting Trends -- Price and Color in Paintings -- Art Market Indices -- Investment Strategies. Portfolio Management Strategies -- Art-Secured Lending -- Auction Guarantees -- The Market for Collectibles -- Art, Data and Finance: A Few Speculations About the Future -- Appendix for Poets.

"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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