Investing in art in the Russian market

Tatiana Kharkova

Bachelor's thesis

Abstract:

This work is focused on the subject of investing in art in the Russian market. Structurally this study consists of two parts. In the theoretical part, the specificity of the art market as an object of investment with the definition of objects, participants, methods of organizing the market and pricing mechanisms are revealed, as well as the importance of art indices and approaches to their construction. The practical chapter describes the data collected by hand in order to build an index of prices of Russian art. In addition, the constructed art-index is used to calculate a number of financial indicators, and an analysis is made of the comparative effectiveness and appropriateness of investing in the art market of Russian artists.

Keywords

Efficiency, Art, Auctions, Financing, Profit, Investment, Analysis

Jazyk práce: English

Datum vytvoření / odevzdání či podání práce: 15. 3. 2018

Obhajoba závěrečné práce

• Vedúci: Ing. Petr Procházka, MSc Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme / odbor:
Economics Policy and Administration / Business Administration