Conflict Brushstrokes: Modelling Art Investments in Global Hotspots

Abstract

The contemporary geopolitical climate introduces a high degree of uncertainty to the valuation of art emanating from regions embroiled in conflict. This uncertainty poses a significant challenge for art investors, who require robust decision-making frameworks to anticipate potential price fluctuations. This study aims to formulate a comprehensive model for art investment decisions within the context of current or anticipated geopolitical conflicts. The proposed research adopts a multi-faceted analytical approach, integrating a meta-analytical and comparative analysis with qualitative techniques such as the Q-sort and HCP methods. This approach is designed to dissect and understand the complex relationship between art investment and geopolitical instability. The study reexamines the current understanding of art investment strategies through an exhaustive literature review, identifying key factors that influence investment success amidst geopolitical tensions. With a spotlight on conflict zones such as Russia-Ukraine, Azerbaijan-Armenia, and Israel-Palestine, the research delineates the unique investment attributes shaped by these conflicts. The resulting model offers a nuanced perspective on art valuation, incorporating considerations of regional disturbances. The study also investigates the contribution of technological innovation to the resilience and performance of investment strategies in the volatile art market. The outcome is a set of strategic recommendations and a detailed model that provides art investors with a structured approach to making informed decisions in the face of geopolitical conflicts. This model represents a significant advancement in art investment, equipping stakeholders with a valuable tool for navigating an increasingly complex market.