Investment in culture
1. What does term investment mean?
2. What does term liquidity mean?
 Do cultural goods (ex. paintings, sculptures…) have high liquidity?
3. What sales method can be applied to cultural services and goods?
 What does term primary and secondary market of culture goods mean?
4. What characteristic has following auctions?
 English auction
 Dutch auction
 Envelopment auction
 Vickrey auction
5. What affect the final price of auction?
 Find the general structure of auction price.
6. Visit this webpages: https://www.artprice.com/artprice-reports/the-contemporary-art-
market-report-2020
 How high was the auction turnover in years 2000, 2010 and 2019 and how high was
the market share in this years?
 What category of goods are most often sold in auctions?
7. Visit this webpages: https://www.artprice.com/artprice-reports/the-art-market-in-2016/top-
price-american-art
 What kind of art goods (from the prospective of creative period) is on American
market the most stable investment?
 What kind of art goods (from the prospective of creative period) is on American
market in last 20 years the most cost-effective investment?