摘要：随着经济全球化的发展，各行业呈现快速发展的趋势，居民人均可支配收入水平也在不断提高。艺术金融市场越来越受到人们的关注，这使得艺术产业在社会发展中发挥着重要作用。艺术品作为一种新兴的投资产品，越来越受到金融界的青睐——作为一种风险分散的另类投资产品。本文阐述了艺术品投资市场的发展以及艺术品作为投资品的利弊。本文以英国铁路养老基金（British Railway Pension Fund ,简称BRPF）为例，提出了完善艺术品投资市场的有效措施。在此基础上，我们考虑为艺术品投资者和管理者提供一些投资建议，使艺术品投资市场呈现出积极态势的发展。

 

关键词：艺术品；投资市场；风险控制

 

目 录

摘 要

Abstract

Contents

1.Introduction-1

1.1 Background information-1

1.2 Significant and purpose-1

1.3 Literature review-2

2.Current situation of art investment market-4

2.1 Current situation of art investment in western countries-4

2.2 Current situation of art investment in China-6

3.The advantages and risks of art investment-9

3.1 Advantages of art works as investment products-9

3.2 Risks of arts as investment products -10

4.Risk control of Art Investment -- a case study of British Rail Pension Fund-13

4.1 Types of arts-13

4.2 Risk of authenticity-14

4.3 Liquidity risks-15

4.4 Other risks-16

5.Risk control measures and advice of art investment-17

5.1 Choose the type of arts according to risk preference-17

5.2 Suggestions on methods to reduce the risk of authenticity-18

5.3 Set up portfolio to reduce liquidity risks-19

5.4 Opinions on controlling of other risks-20

6.Conclusion-22

Notes-23

References-24

Acknowledgements