Exchange in Paris
 

In Paris, will be the world's first stock exchange, trading in shares of works of art

15:15 • 14.12.10


Unique Stock Exchange, trading in shares of works of art, opens in Paris during the week, writes edition The Art Newspaper.

Created on the model of traditional stock exchanges, market Art Exchange will allow collectors to purchase shares of various works that are stored in museums around the world. According to the newspaper, stock prices of paintings, sculptures, photographs and so on. range from € 10 to € 100.

Currently, galleries and museums have entered into a contract with the exchange, have an art collection, valued at € 100 thousand

"We offer a completely new service, and therefore, we must do everything possible to gain the confidence of investors", - said one of the organizers of the project.

Under the agreement, the exchange has to sell up to 20%of the product for a period of three to six months. In the case where market realizes less than the specified amount of shares, the work remains in the possession of the museum. If a collector buys 80 percent stake, it is proposed to complete the purchase and pick up the exhibit home. "

Currently, Exchange has about 50 partners in Paris in the near future guide trading platform intends to enter into agreements with museums in the United States, Britain and China, reports Gazeta.ru.

I wonder where do museums?

Probably themselves do not yet know.

Want to play - and suddenly get h-n?
And maybe to Mr. actual calculation: a scam or sawing.

Otherwise, it is not clear: if I have a picture, and wanting to buy money, why do some kind of exchange?

Only make sense would be if the painting itself will be action. The less an artist, "writes" shares, the greater will be their cost. Well, if you will return to the surface, then hold a shareholder! Destroy the hell out! :D

Where to draw the money - that's the main question. Art, mega, etc. etc. - If only more denezhek print and throw. France has a very high budget deficit - 12%.

Comments from the Kommersant and Vladimir Dubosarsky:

Paris-based company A & F Markets announced that "within days" will launch their project Art Exchange-marketplace for stock trading a new type. This auction will treat shares, which become works of art belonging to Parisian galleries, signed with A & F Markets contract. So far, these galleries six, all - of modern art, among them are mentioned Galerie Hussenot and Gallery Yvon Lambert, member status fairs Art Basel and Art Basel Miami Beach. To play at the art Stock Exchange will be on the internet, the site has already posted the technical details of stock trading, there should appear in the detailed descriptions of works of art with COA and other details.

"We are responding to a clear requirement of the financial players: the ability to easily invest in an attractive asset that was previously unavailable - explains Pierre Naken, founder of A & F Markets .- By providing art market transparency and liquidity (which had previously been considered impossible), we find the right formula, which will attract a lot more willing to finally consider investing in art. "

Works, the cost of which will be turned into shares, has six, including a large installation by Mike Kelley (estimated at $ 1 million), an abstract painting of Saul Levitt, sculptures by Richard Teksera and Anselm Kiefer and a large canvas Vladimir Dubosarsky and Alexander Vinogradov, all works estimated in excess of € 100 thousand denominations of shares of each product will be different (presumably because of the importance of artists) - from € 10 to € 100.

In recent years, the process of securitization of works of art when they are used as collateral for more comfortable for securities investors, clearly gaining momentum. Even in Russia - have been registered for several mutual funds, which are the property of artistic interest. This form of making money on the arts for at least several times tried in other countries. Draft Art Exchange will work on the rules of the stock exchange, but trade in art - is an absolute novelty.

Sergei Skaterschikov, managing director of Skate `s Art Market Research - a company engaged in research investment attractiveness of art, reacted skeptically to the novation. " I do not believe in such a retail market - he said" b ".- There is too rich ground for abuse. It seems to me that the art market - for qualified investors and not for retail sale for $ 10 stock . The main thing that is interesting - that this project marks a trend: Now there is an active search for models that will take art in the area of collective investments and e-commerce. "

learned about the prospects of opening up his painting, the artist Vladimir Dubosarsky told the Kommersant his doubts:
"By itself, this scheme is interesting. She came to us in the head, and we even tried to implement it before the crisis.
When something like that make the artists themselves - is an artistic gesture is contact the artist with society, a necessary link contemporary art to the modern world. As a gesture is important - the art of big business a long time, the paintings are considered as investments, collectors put in their money and making a profit. This gives the art, as it were another life - in business and cash payment, gives him an opportunity to reflect on themselves differently.
But there is another side. Art business, despite the fact that it rotate a lot of money, - is the destiny of a certain category of people. Available funds and versed in the art. There may not be much - it's unique people. They buy a specific pattern that they like and they want to own, to hang them, to show pride in them. Painting - piece goods, so if you spoke of it as a commodity. And then? Hung a reproduction and a number of action - I own 7%of Picasso? to describe people buying stocks devoid of charm , and they are as potential buyers at once disappear. Where will the others?
And yet - now you can always sell at a profit or loss . A shares are not always the case. During the crisis, many people prefer to buy art, not stocks. Find one person who wants to buy, you can always. But how to find 100 people who want to have 1%each picture? "
Tatiana Markina
The newspaper Kommersant »№ 232 (4532) on 15.12.2010

Razvodnyak on Parisian!

Cool!
This type of cloning collectors who own masterpieces, it turns out.
A masterpiece, and speak to them - 10 people.
Through shares, vestimo :D