Mei Moses Fine Art Price Index as a Tool of the American Art Market Future Returns' Prognoses

Abstract

The history of the creation and main ideas of the construction of Mei Moses Fine Art Price Index, which is used for the US art-market analysis, low correlation of the art index with other assets are considered in the work. The values of Mei-Moses fine art index from 1875 to 1999 are given. Statistical data of annual returns and risks for different types of investments of the US financial market from 1955 to 2004 are given. The conclusion of the important role of the art investment as a way of the diversification of any port folio is made.

Keywords

• анализ инвестиций
• фондовые рынки
• арт-рынок
• арт-индекс
• методы диверсификации