How to Invest china folk painting art collection cultural relics investment market
To answer the artwork is not a good investment goods, we must answer the following questions: First, the characteristics of works of art. Generally you would think, poor mobility of works of art, works of art can be used to reduce the risk of more large-scale investment, but it often is not a liquid asset. In general, the art is often required to hold for decades or even generations of continuous possession, a painting can be as little stock as quickly and easily shot. But in fact can not be generalized.
The second is the art of transaction costs, high transaction costs of works of art, as works of art concentrated in the auction market, sellers gathered, thus giving the collection, auction, collector higher transaction costs phenomenon. However, with the Art Fund and other investment products, the emergence of these problems will be gradually solved.
The third is to have available, because an artist's creation is limited, and once after the death of certain artists, his works became a scarce commodity, the value will rise.
Finally is the cost of ownership of works of art. Compared to other investment products, works of art due to the need of special maintenance, resulting in its holding cost will be higher than other investment products. Investment auction of works of art there are fees that the auction house charges buyers and sellers, together with professional transport, maintenance and insurance costs are high, expected returns will be eroded.
In China, the art trade of the problem is difficult to distinguish the quality works of art, because art investment has considerable technical difficulty, so with the power of the collective investment experts, is an effective way.
To compare the works of art can be systematically answered the question of investment goods can not be a need for a work of art database tracking the same record of repeated transactions a work of art, and thus build a scientific art price indices. Paintings reflect the Western art market trends Meimo index is to solve this problem.
Meimo index tracking the New York art auction auction records, and now there are over 18,000 pairs of the database transaction log data; after a year there will be 250 to 300 added in the new data. Dealing with a work of art based on the price difference, this time to calculate the return on investment.
Meimo index of Western art into three categories: Painting the United States, that the United States 1650 to 1950 the artist created works of art; Impressionist and Modern, that is 1875 to 1950 of Western oil paintings; ancient painting, the 1200 In early 1875 the Western classical school of painting works. By Mei Moxi index analysis showed that the return on investment the United States school of painting than the other two categories, 50 years from the 20th century, the United States developed into a super power, collectors paying attention to local artists.
