Η τέχνη ως χρηματοοικονομική επένδυση
KeywordsΕναλλακτική επένδυση ; Αγορά τέχνης ; Τέχνη ως επένδυση ; Διαφοροποίηση χαρτοφυλακίου ; Δείκτες τιμών τέχνης ; Οίκοι δημοπρασιών ; Κίνδυνος τέχνης ; Εκτίμηση έργων τέχνης ; Ηδονικές τιμές ; Επαναλαμβανόμενες πωλήσεις
Art has always monopolized the interest of rich collectors and art specialists and its main purpose was to provide aesthetic pleasure and social standing. In recent years, art has been introduced into the economy as an investment product and is now a popular and profitable market. This has sparked the interest of researchers and economists, and official research is now under way to see if art can be considered a financial product. The question is whether the art market can be deservedly considered as a financial investment, taking into account all parameters such as risk measurement, performance appraisal, etc. This thesis attempts a tour in this unique global market, dwells into its characteristics and looks into existing pieces of work related to the returns on investment in art. The thesis confirms finally that art can indeed be used for portfolio diversification. It is a financial instrument that will be of interest to both researchers and investors in the future. That said, if we choose to invest in a work of art or a series of works of art, in addition to the opinion of the experts, we should also rely on our own preference because the only certainty is that it will always have an aesthetic value.