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 parts make up the final auction price?
• Find the general structure of auction price.
6. Visit this webpages www.artprice.com (Art market report-> Art market Trend in 2023, Art
market Trend in 2022):
• In the publication art market trend in 2023 (https://www.artprice.com/artpricereports/the-art-market-in-2023)
find the following information:
i. What is the turnover and sales of fine art and NFT (Non-fungible token) in
China and the West? Try to explain the reasons for the changes in turnover?
ii. Which country has the highest turnover of fine art and NFT sales?
• In the publication art market trend in 2022 (https://www.artprice.com/artpricereports/the-art-market-in-2022)
find the following information:
i. What category of goods are most often sold in auctions?
ii. What kind of art goods (from the prospective of creative period) is on
American market the most stable investment?
iii. What kind of art goods (from the prospective of creative period) is on
American market in last 20 years the most cost-effective investment?