Use this url to cite publication: https://cris.mruni.eu/cris/handle/007/34105
Options
Peculiarities of selection of investment artworks
Type of publication
Straipsnis kitoje duomenų bazėje / Article in other database (S4)
Author(s)
Kostecka, Božena | Ingenious IT |
Title
Peculiarities of selection of investment artworks
Publisher (trusted)
Vysoká škola ekonomická |
Date Issued
2014
Extent
p. 71-88
Is part of
Acta Oeconomica Pragensia. Praha : Vysoká škola ekonomická, 2014, Nr. 5.
Field of Science
Abstract
The article deals with the art market and key dimensions of investment in art and distinguishes the peculiarities of selection of artworks for investment purposes, covering the main features of the art market. Methodologies of composition of art price indices are analysed. An art market trend analysis is conducted based on statistical data and variations of the Artmarket Global index for the last decade. Using the ARIMA forecasting method, the forecast of artwork price changes in 2014-2015 is conducted. The forecast is presented for the aggregate Artmarket Global index and for different art movements (old masters, impressionism and post-impressionism, modern art, contemporary art) to fi gure out which of them are the best for investments in the near future. The paper further investigates a new Artistic Power Value (APV) ratio and its adequacy for analysis which makes it easy to assess the suitability of investment in artworks and to compare works of art from various sections. Finally, investment decision-making characteristics of the art market are distinguished.
Is Referenced by
Type of document
type::text::journal::journal article::research article
ISSN (of the container)
0572-3043
eLABa
8187075
Coverage Spatial
Čekija / Czechia (CZ)
Language
Anglų / English (en)
Bibliographic Details
40