With a Russian well, for a Frenchman ... <!--~ 1 ~ - "))

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On site in news reports on the banning of the fund investment in the arts in France http://artinvestment.ru/news/artnews...rt_invest.html

And yesterday at the RBC posted:
Group Alor, headed by Anatoly Gavrilenko, in the near future to complete formation of the fund of artistic values. Assets FTRA "Collection. Photoelectric effect "will amount to 14 billion rubles. Thus, it will become the world's biggest art fund. Previously regarded as the largest fund, pension fund formed British Railways in 1974 in the amount of $ 70 million is estimated that the total assets of all art assets in the world do not exceed $ 400 million, with the average fund size is 25-50 million U.S. dollars .
According to RBC daily, the management company "Agan" (a part of "Alor") filed an application for registration of Russia's largest art-fund FTRA "Collection. Photoelectric effect. " The fund's assets amount to private collections of photographs, among which, for example, there are such rarities as the photo of the Russian Imperial House, a selection of works by Alexander Rodchenko (at auction price of his photographs reached 200 thousand dollars), the images made the personal photographer of Queen Victoria by Roger Fenton , Photohistory destruction of the Temple of Christ the Savior, who allegedly made the special order of Joseph Stalin. Also in fund 13 daguerreotypes one of the most expensive photographers of the world Giraud de Pranzhe - we know that collectors bought his works and costs $ 1 million per daguerreotypes.
Managers expect that the fund units will be of interest to commercial banks as a tool for placement of available funds and large private clients who are ready to invest in art-related securities at 7-15. The cost of the unit is 500 thousand rubles. While shares is scheduled to be on the MICEX.
As told RBC daily, deputy director of the Criminal Code "Agana" Ekaterina Alexandrova, the strategy requires the active fund management. Top managers will participate in international auctions, organize photo exhibitions in major museums around the world. According to Ms. Alexandrova, given the growing volume of sales by auction, as well as the cost of transactions with the objects of art, the target return on investments in art fund could be up to 12-14%per annum in rubles.
"The Russian investment market has long needed new tools, especially when you consider that large investors are not so many ways to diversify their investments", - told RBC daily the chairman of the Supervisory Board of GC "Alor" Anatoly Gavrilenko. According to him, a collection of photographs may be the largest investment asset, which will protect your savings for decades to come. "Over the past ten years, sales of pictures at the auction and off have grown a thousand percent", - says Mr. Gavrilenko. He believes that investing in art can become quite popular in the Russian market, competing with the traditional defensive assets such as gold.
Experience "Agany" is not the first in the Russian market of collective investments. In November last year CUIT Atlanta-Art "with assets of 133 million rubles. formed the UK "Atlanta." And in August last year, the Leader has registered two foundations of artistic values, but both funds have not been formed. At year end, Federal Financial Markets Service has excluded them from the roster of mutual funds. http://www.rbcdaily.ru/2011/03/03/fi...62949979794180