Art Market as a financial asset in times of distress (London, late 19th century and early 20th Century)

艺术市场作为困难时期的金融资产（伦敦，19世纪末20世纪初）

• 批准号: 2751141
• 金额: --
• 依托单位: London School of Economics and Political Science
• 依托单位国家: 英国
• 项目类别: Studentship
• 财政年份: 2022
• 资助国家: 英国
• 起止时间: 2022 至 无数据
• 项目状态: 未结题
• 来源: https://gtr.ukri.org/projects?ref=studentship-2751141
• 关键词: Art; Market; financial; asset; times

The thesis investigates works of art as financial investments. Many modern newspaper proclaim art as an alternative investment class but despite the interest, little research exists on the financial performance of art. The problem is that the art market is very heterogenous, with each work of art being unique, and private, making it hard to collect data. The thesis circumvents the latter issue by using historical data from the 19th and early 20th Century. The rich amount of information collected is used to build a new art price index, which will be the first hedonic index on art prices for the 2nd half of the 19th century. The resulting index will be analyzed for various episodes of financial and/or economic crisis to identify what role art plays as an investment.

论文将艺术品作为金融投资研究。许多现代报纸宣布艺术是另一种投资班，但尽管有兴趣，但对艺术的财务表现的研究很少。问题在于，艺术市场非常异体，每件艺术品都是独一无二的，私人的，因此很难收集数据。论文通过使用19世纪和20世纪初的历史数据来绕过后一个问题。收集的大量信息用于建立新的艺术价格指数，这将是19世纪第二叶的艺术价格的第一个享乐指数。将分析所得指数的财务和/或经济危机各种事件，以确定艺术作用作为一项投资。