Exchange in Paris

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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.