Dear Mr.
Nedogonov, thanks for the interesting question!
To begin please note that many of the world market indices published without disclosure of the algorithms for calculating them. And this does not become less valuable.
Your right - to use the indices ARTIMX or not. It is important that the indices ARTIMX very well reflect the real market situation - this is acknowledged by most serious analysts and experts. Our index is published leading business news websites:
Bulletin,
Finam. In our index Kommersant cites in his analytical articles on the art market (
here their latest material). I assure you there, are not fools, and before you start to publish our codes, they were dealt with very carefully whether they could trust.
Another tiny argument. Related indices are calculated at fair market sales and promptly reflect the current situation on the art market, you will not find anywhere else in the world. Those indexes to which you referred, show only the mood of consumers and nothing more, as calculated using data from surveys of visitors on the website or certain selected experts (and, as far as I'm aware algorithms for calculation of indices also are not published anywhere). Our same indexes, as I said, show the objective situation on the market, with its dynamics, as calculated based on actual auction sales. (You have not mentioned the index Mei Moses, for which data are currently available only for 2006, although seemingly announced the existence of data for 2008).
By the way, pay attention to us calculated the index of consumer activity ARTIMXba, which are leading to the main index ARTIMX. For example, according to an index ARTIMXba, now we are seeing a sharp increase in consumer activity in the world's major auctions. I venture to suggest that after a while the main price index ARTIMX also go up. Where do you find more such tools for operational analysis of the art market?
By the way, since I turned up the case, announcing our news. Recently we are expanding the range of our input indices of individual market indices artists. For the 750 most sold at auctions of Russian artists, we calculated the individual market indices (general, indices for painting and graphics). These indices can be compared with the indices of the Russian art market ARTIMX-RUS. On the pages of artists you can see the corresponding graphs.
In addition, based on the individual market indices artists will be constructed rating of Russian artists. Everything is possible just a few days.
Best regards,
Alexander Sinev
Director ARTinvestment.RU