Reports of pieces of art selling for huge profits often appear in newspapers. The kind of return art has achieved at some auctions is comparable to that of any other asset class. But art is yet to be widely recognized as an asset class for investment purposes.
Act Now! Activate a FREE three days trial to FinancialServicesCrossing.com, because you know how important it is to know about all the jobs.
Art is frequently sold at auctions, which lack transparency and liquidity.
The art market is in a nascent stage. Accurate information on the returns art provides is not yet available as there is no organized market for this asset class. In the absence of an organized market, there is no benchmark against which the returns can be measured.
Art is frequently sold at auctions, which lack transparency and liquidity. The cost of a transaction when art is bought or sold is often very high and uncertain. Arranging for an auction, employing auctioneers, and paying professional assessors to ascertain that the art is genuine and not fake adds to the cost. Art is showcased in traveling exhibitions, museums, and private collectors’ homes. Shipping art from one destination to another for exhibitions costs a lot of time and money. Art is also exposed to risks such as theft and damage, the management of which require costly precautions. In short, a variety of expenses can add up to make the overhead costs associated with art considerable.
That said, while the art market has in the past been restricted to Europe and America, it is now expanding all across the world. The market is now many times bigger than it was only a decade ago, with more and more countries, such as Russia, China, India, and the United Arab Emirates, actively participating in the market.
A study done by economists at New York University has found that art provides regular returns; though lower than the returns provided by the S&P 500, the returns on art are higher than those provided by bonds. Another study — this one completed by analysts at a bank in Frankfurt — also shows that the returns from art in the long term outperform stocks and bonds. That said, there are researchers and investment professionals who believe that when the economy is weak, the price of art falls sharply due to a strong correlation with consumers’ understanding of economic wellbeing.
Understanding the potential of art as an asset class, hedge funds around the world have set up several art funds. Nonetheless, determining an accurate valuation of an art portfolio remains difficult, and the cost of administration, storage, and insurance remains high.
Financial Analyst United States-CA-Santa Barbara
Applicants should be proficient in the use of Microsoft Office Applications (Word, PowerPoint, Excel) and Department of Defense (DoD) financial sys...
I would definitely like to join EmploymentCrossing again if I need to switch my job in future. It was a lot more helpful compared to other websites.
Angie , Denver, CO
I was very happy with the results I found for current job listings in my area. This is a great website to use for up-to-date job postings. I also wanted to comment on EmploymentCrossing's customer service. I had some questions, and called in for some technical help. I was very surprised at the way these people handled themselves. Very professional and friendly. I will use this site again for any upcoming employment needs.
Edward , Detroit, MI
I love the website's new layout. It is very easy to navigate.
See Every Financial Services Job We Can Find on the Internet!
Unlike other sites, FinancialServicesCrossing works for you and does not charge employers to post jobs and actually goes out and researches jobs for you. The jobs you see are the jobs we find for you and not the ones employers are paying us to post.
To compare FinancialServicesCrossing with other job sites
Top 101 Reasons to Sign Up for FinancialServicesCrossing
Reason 25: FinancialServicesCrossing is your career counselor in all 50 states. Let us help you explore other markets while your fellow job-seekers are stuck looking at home.
FinancialServicesCrossing - #1 Job Aggregation and Private Job-Opening Research Service — The Most Quality Jobs Anywhere
FinancialServicesCrossing is the first job consolidation service in the employment industry to seek to include every job that exists and not charge employers to post jobs on its site.
FinancialServicesCrossing uses sophisticated technology and manual work to comb employer websites and other job boards for jobs and bring them all to its site.
