男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

Investors develop new appreciation for art, fine wine

Updated: 2011-08-12 11:47

By Karen Yip (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

BEIJING - In April, Novel Asset Management Ltd launched a $100 million fund that invests in rare diamonds. Twelve art funds are said to be in the process of formation in London.

The Artist Rare Instrument Fund LLC, launched late last year, invests in top-quality, rare Italian violins, cellos and violas built by Antonio Stradivari, Joseph Guarnerius del Gesu and other renowned craftsmen from the 17th and 18th centuries.

Past attempts to launch passion funds - investment vehicles that offer significant long-term returns from luxury collectibles such as art, fine wine, diamonds, rare musical instruments and mint condition comic books - aroused little enthusiasm.

Strong interest

Market volatility and severe declines have reduced the attractiveness of many other investment options, such as equities, bonds and hedge funds, so it's not surprising that investors are increasingly attracted to passion funds, said Enrique E. Liberman, president of The Art Fund Association based in New York.

"More money from Asia is going into such funds. We've heard of a rare fancy colored diamond fund targeting China. The fine wine funds are going there too," he added.

High net worth investors no longer see such investments as an indulgence in expensive hobbies. Rather, the funds allow them to diversify investment portfolios based on more traditional assets and hedge against inflation.

According to the 2010 Hurun Wealth Report, there are 875,000 millionaires in China, a rise of 6.1 percent from 2009.

The growth in the number of Chinese millionaires has been driven by a rise in property prices, the recovery of the stock market and a generally strong Chinese economy, said Hurun Report founder Rupert Hoogewerf in a statement.

"For those who have the wealth, how many homes, cars, jets and yachts can they have? For the Chinese, they are more inclined to acquire tangible assets.

"Passion funds, which are a subset class of asset investments, provide an opportunity for portfolio diversification into an area that has historically had high returns and shown a low correlation with other asset classes," said Liberman.

Strong demand from China has driven up fine wine prices as well.

Last year, wine investors had stellar returns, with prices for top vintages rising 40 percent, based on the performance of the Liv-ex Fine Wine 100 Index.

That gain beat the return on the FTSE 100, which rose by 9 percent.

Fine wine investment specialists have forecast that the Live-ex will rise a further 21 percent this year.

Most Chinese millionaires, whose average age is 39, tend to keep a low profile. Their luxury possessions include watches, Chinese classical art and an average of three cars. Many are also drawn to art.

With China surpassing the UK as the second-largest auction house and gallery market and becoming a very important purchasing power, and with Chinese auction houses making record sales, "we see that there is an opportunity for art funds in China", said Daniela Sanchez, art advisory and investor relations associate at Fine Art Fund Group Ltd.

Although art as an investment class is still new in China, some early participants recognized the immense potential of the market: Noah Holdings Ltd, Beautiful Asset (Beijing) Management Ltd Co and Shanghai-based Terry Art Fund Management.

Chinese buyers

"Nearly all buyers in the Chinese art market are of Chinese descent, with Chinese buyers worldwide numbering somewhere between 5 percent and 15 percent and growing.

"The entry of mainland Chinese collectors has renewed the interest of Western, Taiwan and Hong Kong collectors," said Sergey Skaterschikov, chief executive officer and founder of Skate's Art Market Research, an art investment research house.

As the value of Chinese art continues to rise exponentially, funds investing in this asset class will need to raise increasingly large amounts of money to have an impact in the market.

What would be considered a large fund by US and European standards, perhaps exceeding $250 million, could become more commonplace, said Michael Plummer, a principal at ArtVest Partners LLC, an investment advisory firm.

According to Artprice.com, an art market information center, art global auction revenues nearly doubled in 2010 to $9.36 billion. China accounted for 33 percent of the total.

Related Stories

Naked performance art on Wall St. ends in arrests 2011-08-02 14:34
Home away from home investment 2011-07-27 09:13
主站蜘蛛池模板: 泰宁县| 敦煌市| 紫金县| 长沙市| 嵊州市| 大余县| 潞城市| 夹江县| 德州市| 八宿县| 望都县| 马鞍山市| 始兴县| 叙永县| 鸡泽县| 万全县| 威宁| 鄂托克前旗| 叙永县| 宁远县| 灵川县| 两当县| 平顶山市| 汨罗市| 德阳市| 昌邑市| 林甸县| 澄迈县| 抚顺县| 建湖县| 左权县| 淳安县| 三明市| 山东省| 高安市| 金塔县| 绥德县| 南雄市| 韶山市| 锦州市| 达州市| 财经| 东兴市| 加查县| 兰考县| 曲麻莱县| 灵寿县| 合肥市| 榆社县| 苏州市| 济宁市| 婺源县| 瑞昌市| 昔阳县| 吉木乃县| 砚山县| 西昌市| 育儿| 文昌市| 关岭| 宁波市| 丽江市| 高台县| 富顺县| 临洮县| 克什克腾旗| 屯昌县| 商南县| 兴文县| 衡南县| 济源市| 长子县| 分宜县| 邵武市| 阿拉善右旗| 分宜县| 南靖县| 吉木乃县| 巴彦淖尔市| 尉犁县| 通辽市| 苍南县|