In recent years, art finance has been a hot topic. Since the emergence of auction companies in our country, art finance has begun to take shape. It has been developing on a large scale since 2010. As financial capital continues to enter the art market, the market’s investment and collection of art has evolved from a simple personal hobby. In the type of wealth management, more and more capital has entered the art field through various financial forms such as artwork mortgages, artwork mortgages, artwork trusts, and artwork funds, thus opening the era of China’s “art finance”.
"Art Finance" promotes market prosperity. In many people's eyes, art itself is a pursuit of dreams, but to have a good dream, there must be a means to realize it. We say that money is not omnipotent, but in fact the promotion of money in the field of art is undeniable. Undoubtedly, reasonable economic operation will greatly promote the development of the art market; on the contrary, the sound and steady development of the art industry will also have a positive impact on maintaining economic stability and improving the industrial structure. . The attractiveness of art to financial institutions continues to increase, and sparks have begun to form a prairie fire. Financial capital not only encroaches on the art auction market, but also financial capital represented by banks, trusts, and funds intervenes in the field of art, and manages various artworks. Products and financial products based on art have come out frequently and emerge in endlessly, which has become a distinctive feature of the Chinese art market today, and has promoted the financial prosperity of the art market. Cui Yue, who has been engaged in art finance for a long time, said that art financialization has at least two major benefits: First, it greatly reduces the threshold for art participation. Investors invest and trade in the financial share of art assets, which can be large or small. More or less, art finance has brought art into the "homes of ordinary people" in a true sense. Second, the art market has introduced "Internet thinking", which has accelerated the development of platform. After Internetization, a brand new trading platform was born on top of traditional galleries (primary market) and auction companies (secondary market). The rules of this platform are Internet-based, namely: online terminals, free trading, and big data system management, forming a new evaluation and pricing mechanism, and the "mouse has the final say" mechanism, making the entire transaction process more transparent and More just. From this perspective, art finance is the landing and practice of Internet thinking in the art industry.
The marriage of art and finance still has problems that need to be resolved. Art and finance are like a pair of lovers. With strong financial wealth, it is the top of all industries, and it also boosts all industries. Art is the precious spiritual wealth of mankind, a mysterious treasure house yet to be developed, and an indispensable element for mankind to improve the quality of life. There are many modes of art finance in China, but no matter which mode, there are problems that need to be solved urgently. Liu Shuangzhou, director of the Auction Research Center of the Central University of Finance and Economics and deputy dean of the School of Law, said: “The first is safety, which means that the risks of this model are controllable, but the artwork is an extraordinary asset, which is between the tangible and the intangible. Let its security issues be concentrated in the links. Security has nothing to do with the model, but comes from the links experienced by this model. Next is efficiency. Financial activities must bring benefits. Which benefit is higher is when designing the financial model. Issues to be considered. It is precisely that the issue of efficiency is not art itself, but a problem of market analysis. Efficiency mainly refers to the mode of art finance. Auctions, pawns, trusts, funds, insurance, etc. all have efficiency issues. Why China’s art market Among them, auctions are relatively bright, while others are difficult to make money. Because auctions have auction laws and systems, there are some requirements for setting up an auction company, which is more efficient from the perspective of profitability.” As the degree of "art financialization" increases. , The Chinese art market must be promising, but the risks are also worthy of vigilance. How to coordinate the relationship between art and finance is also a question worth pondering. The author believes that on the road to the financialization of art, we must abandon traditional views, continuously improve investment skills, summarize experience in collection, and fully study the trend of the art trading market, and look at the financialization of art from a development perspective.
About Art Finance Art Finance is a financial management method that transforms artworks into financial tools and incorporates financial assets into individuals and institutions. The main forms are: 1. Artwork property rights transactions; 2. Art funds; 3. Art banks and trusts; 4. Artwork mortgages and mortgages; 5. Artwork leases, etc. At present, the mainstream of the market is the securitization of art property rights transactions and private placement of art funds. Different from the traditional concept of art transactions, art finance, as a financial management method for individuals and institutions, covers three levels: 1. Capitalization and property rights of art works, including: the property rights, copyright, creditor's rights, and equity attached to the artwork. Disposal rights and income rights, etc.; 2. Assets entering the market and property rights transactions, the rights and interests attached to artworks are listed and traded as private assets to complete the realization and circulation of art assets. 3. Investment, income and risk. When art assets are operated in a financial way, they objectively conform to the law of the "three characteristics of finance", namely: profitability, security, and liquidity, which is understood in the general sense: investment, income And risk.