Ministry of Justice registered the order FSFM - now officially become the art of investment

[Евгений]

Вложение 949161 Sergei Skaterschikov: "Regulators around the world rightly believe that the public offering of investment funds in the market with double-digit annual interest rate costs (" Leader "in this case is really the leader of the claimed expenditures - spending funds around the world does not exceed 12%according to a study Skate'sArtMarketResearch) knowingly make these funds focus on the extremely high profitability of operations, which by definition makes them excessively risky activities, and units of such funds - too dangerous product for the public offering. Given also the low transparency of the art market, impossibility of objective verification of prices and transaction costs with the objects of art on vneauktsionnom market, the high level of subjectivity in the evaluation of art objects and a bunch of unique art-risk assets compared to traditional forms of investment (risk of authenticity, safety risk, the risk of property title), the consensus of world regulators is that the collective forms of public investment on the art market are unacceptable and dangerous ...."
http://www.snob.ru/profile/blog/11306/23108

Stekolschikova corrected for Skaterschikova. Photo - Skaterschikova! Gregory