MICEX on April 13. Start-started

[Dogel]

On MICEX on April 13 to begin treatment units the world's largest art fund - FTRA "Collection. The photoelectric effect "operated by" Agan ". Value of the Fund is estimated at 14.5 billion rubles, the value of a share is 0.5 million rubles

April 13 at the MICEX stock exchanges to begin treatment units the world's biggest art fund, closed-end investment fund (CUIT) artistic values, "Assembly. The photoelectric effect "operated by" Agan ". Value of the assets of the fund amounts to 14.5 billion rubles. Asset Value - 0.5 million rubles.

In Russia, the "art segment of" collective investment market is in its infancy: formed two funds said BFM.ru Oleg Sukharev, Deputy General Director of "Agana". Recall, last week UK "Atlanta" has brought shares on the MICEX closed fund artistic values ​​the Atlanta-Art ". Net asset value of the fund amounted to 133.25 million rubles for the completion time of its formation late last year.

The first such funds have started to appear in the world in the early XX century, and the best known can be called a fund that existed in 1970-1980-ies. and owned by the Pension Fund of the British railways. Now the world has about 40 funds that invest in works of art.

Fund "Agany" The Gathering. The photoelectric effect "built based on the unique collections of Russian and world photography. Fund's assets of about 200,000 prints and copyright 300,000 negatives, more than 250 outstanding masters of photography.

For example, in stock photo collections have pictures of the Russian Imperial House, the work of Alexander Rodchenko, Robert Doisneau, Zhermana Krul, André Kertész, the works of the founder of the Photographic Society of England and Queen Victoria's personal photographer Roger Fenton.

In addition, the fund has 13 daguerreotypes Giraud de Pranzhe that is an absolute record for private collections, and the photographer is among the ten most expensive in the world. Other photographs collection depicted in detail the historical events - for example, a snapshot of the destruction of the Temple of Christ the Savior, which is included in the album, presumably prepared for Joseph Stalin.

Also, the fund collected more than 1000 portraits of national and world culture and the arts, public life and politics, sports and science, including Leo Tolstoy, Fyodor Dostoevsky, Ivan Turgenev, Marc Chagall, Alexander Tairov and Vsevolod Meyerhold, Constantin Stanislavski, Dmitri Shostakovich, Igor Stravinsky, Vladimir Vysotsky, Vladimir Lenin, Felix Dzerzhinsky, Joseph Stalin, Georgi Zhukov, Adolf Hitler and others.

Evaluation of objects produced photocollections Russian appraiser Art Consulting, as well as the French company SARL CEROS Librairie Serge Plantureux and Master Piece Fine Art Appraisals (USA). The collection is insured and reinsured, the reinsurer performs Lloyd's.

Optimal size of investments in CUIT include the value of several million rubles for a period of 3 years or more, said Oleg Sukharev, deputy director of the Criminal Code "Agan". "Such investments may be of interest to a broad range - from institutional investors (eg pension funds, as investment funds artistic values ​​is a conservative tool, the possible return above inflation and interest rates on deposits) to the offices of private banking clients and the banks themselves. With the start of exchange trading fund shares will be available for the "mass" investor ", - told BFM ru Sukharev.

"In Russia, these investments still remain, I believe, for a long time will be no more than an exotic", - said Chairman of the Board of Directors of "Capital Finance Corporation," Paul Gennel. Investor confidence in mutual funds investment funds as a means of collective investments undermined by many crises of scandals involving the filling of the funds in illiquid assets and subsequent revaluation, reminds Gennel.

For collective investment in art assessment - generally an extremely weak position, as shareholders of the funds have to fully trust the investment policy of the management company. A score of works of art, even when collecting personal - very complicated and controversial issue "- warns about the risks of an expert.

This type of investment and therefore called passion, which is the junction of investing and collecting anything as a personal passion of the investor, "says Paul BFM ru Gennel. "Make this activity a collective rather difficult psychologically, - notes the financier. - The optimal time to invest in art is at least 20 years. Which implies also that the main investors may be private individuals and the few pension funds, whose policies can invest in a mixed asset. "

For the UK "Agana" development areas of alternative investments, in particular, funds art treasures, is one of the priorities, says deputy head of the Criminal Code Oleg Sukharev. "Now we have created the necessary infrastructure, formed a team of professionals, and we do not exclude the emergence of new funds that specialize not only in photographs, but also on other segments of the objects of art" - said the expert BFM ru.