A look at art through the lens of economic theory

[AlexanderG]

For example, William Baumol, using a set of data about sales of paintings by more than 300 years, has calculated that the real rate of return on the average investment in paintings, resold two or more times during the period from 1652 to 1961 amounted to 0,6 %. For comparison, the real rate of return on virtually risk-free bonds of the British Government for the same period amounted to 2,5%. Ranking data on the length of time interval between sales showed that a significant gain or loss can only be obtained in a relatively short time interval, in the long term rate of return also tends to zero.

Stranno, chto nikto ne obratil vnimanie na eto. Nesosotoiatel'nost 'investitsii v iskusstvo v tselom bylo neodnokratno dokazano.

Na arte mozno delat 'den'gi (uzkoi gruppe spetsialistov), no daze sravnit' s rynkom tsennyh bumag nel'zia.