As the global financial crisis hit the world-wide stock markets, investors looked for alternative investments to diversify their portfolios. One of the more attractive alternate investment opportunities has been investment in art. However, in order to consider artworks as investment assets, the...

This paper applies to the particular case of the art market a more general question: to what extent a rule of law may impede the functioning of a market? The economic analysis of art resale right focused on the price?become effects is challenged taking into account the art market?s organization...

The art market has seen boom and bust during the last years and, despite the downturn, has received more attention from investors given the low interest environment following the financial crisis. However, participation has been reserved for a few investors and the hedging of exposures remains...

This article analyzes the problem of attracting investments into the Russian art market in the light of the main theories of management non-profit sector (the theory of "the production of public goods", the theory of "breach of contract" and the theory of "control stakeholders"). Based on a...

We analyze the evolution of the price of paintings in the XVII century Amsterdam art market to test a hypothesis of endogenous entry: higher probability should attract more entry of painters, which in turn should lead to artistic innovations and more intense competition. We build a price index...

В статье рассматриваются вопросы, связанные с рыночными технологиями привлечения финансовых средств для обеспечения деятельности музеев. Решение этой...

Situation at financial markets tend investors to look for alternative investments to diversify their portfolio. The aim of our research is evaluation of hedonic price index for selected Polish painters based on data from auctions of paintings held by auction houses and foundations in the years...