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The Art Market in the European Union

机译:欧盟的艺术市场

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There is a broad discussion in the literature concerning various aspects of art as an investment, where the return on art assets has been of special interest, but so far there is little achievement in the analysis of the performance of art markets in various countries of the European Union. The objective of this article is to make an attempt to fill the gap in the research of the Polish emerging art market as seen from this perspective. The estimated price index enables us to analyze the relationship of this index and the rate of return with European (i.e. French and British) art indices and rates of return. This study shows that returns on Polish art averaged 5.51 % in nominal terms over the period 2008-2012 with a standard deviation of 8.34 %. It shows that over this period the art market in Poland proved more profitable and more variable in comparison with European art markets.
机译:文献中对艺术作为投资的各个方面进行了广泛的讨论,艺术资产的收益一直是人们特别关注的问题,但迄今为止,在分析该国各个国家的艺术市场表现方面几乎没有什么成就。欧洲联盟。从这个角度来看,本文的目的是试图填补波兰新兴艺术市场研究的空白。估算价格指数使我们能够分析该指数与收益率与欧洲(即法国和英国)艺术指数和收益率之间的关系。这项研究表明,2008年至2012年期间,波兰艺术品的平均名义回报率为5.51%,标准偏差为8.34%。它表明,在这段时期内,与欧洲艺术品市场相比,波兰的艺术品市场被证明具有更高的利润和更多的可变性。

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