Artwork Finance and Global Wealth Management

Yu Li

doi:10.47297/wspceWSP2516-251904.20230701

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Artwork Finance and Global Wealth Management

Volume 7, Issue 1

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Artwork Finance and Global Wealth Management
Renmin University of China, Beijing 100872, P. R. China
Vol. 7, Issue 1, Pages: 25-39(2023)
Published： 25 February 2023 ，
DOI：10.47297/wspceWSP2516-251904.20230701
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Yu Li.Artwork Finance and Global Wealth Management[J].Creative Economy,2023,07(01):25-39.
DOI：

Yu Li.Artwork Finance and Global Wealth Management[J].Creative Economy,2023,07(01):25-39. DOI： 10.47297/wspceWSP2516-251904.20230701.

摘要

Abstract

When we talk about artworks

the keywords we can think of more are elegance

taste

aesthetics

meticulous carving

crown of painting

priceless

visual feast

and so on. In fact

artworks not only express the close relationship with the economy in the process of direct price and other factors in the process of circulation in the market

but also have many connections with the economy and finance in many aspects such as its consumer group

value judgment and consideration

reason for collection

psychological feelings and potential social symbols. The formation

development and change of wealth management concept is also a topic worth discussing

especially in today's era of rapid economic progress in China

changing world economic situation and urgent need for sustainable development.From this

it is not difficult to think of the product of the combination of the above two. As more and more people around the world turn to art as an investment asset

the art financial market is developing rapidly. However

the complexity and uncertainty of this market has led to divergent views on it. Therefore

this paper conducts in-depth research and analysis of related issues in this field from the perspective of artwork finance and global wealth management.

关键词

Keywords

Artwork financeGlobal Wealth ManagementCultural InvestmentArt MarketPricingValuationPrivate BankingAsset AllocationPortfolioCollection StrategyRisk ManagementMarket TrendsArt and Finance IntersectionArt CirculationInsurance

references

Campbell R. J. (2009). Art as a financial investment. In Collectible investments for the high net worth investor (pp. 119-150). Academic Press.

Li X., Su C. W., Qin M., & Zhao F. (2020). Testing for bubbles in the Chinese art market. SAGE Open, 10(1), 2158244019901249.

Lindenberg M., & Oosterlinck K. (2011). Art collections as a strategy tool: A typology based on the Belgian financial sector. International Journal of Arts Management, 13(3), 4-19.

MAY, P. J. (2017). Art and Collectibles for Wealth Management. Financial Behavior: Players, Services, Products, and Markets, 422.

Mei J., & Moses M. (2010). Wealth management for collectors. Journal of Investment Consulting, 11(1), 50-59.

Taylor M. C. (2011). Financialization of art. Capitalism and society, 6(2).

Upton-Hansen C. (2018). The financialization of art: a sociological encounter (Doctoral dissertation, London School of Economics and Political Science).

Wang J. (2015). Study on the Financial Risk of the Artwork Investment Market. The Open Cybernetics & Systemics Journal, 9(1).

Wong A. L. (2018). Speculation and Acceleration: Financialization, Art & The Blockchain. In Art Machines: International Symposium on Computational Media Art (p. 85).

Zorloni A. (Ed.). (2016). Art Wealth Management: Managing Private Art Collections. Springer.

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