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- Title
ART & FINANCE: FINE ART DERIVATIVES.
- Authors
QUATTROCCHI, LAURA; STRATI, FRANCESCO
- Abstract
This work is intended to introduce a new kind of asset, the so called art asset. This financial tool is an asset whose value is related to an art-work, and in particular to the artist reputation. It will be shown the evaluation of an art asset by using a particular kind of volatility, the α-hedging. This tool normalizes the prices volatility of the art-works of an artist (or an art-movement) by a sentiment index referred to the Art Market. At last we shall show how the art assets' values are related to an art-call option.
- Subjects
HEDGING (Finance); MARKET volatility; ART movements
- Publication
AAPP Physical, Mathematical & Natural Sciences / Atti della Accademia Peloritana dei Pericolanti: Classe di Scienze Fisiche, Matematiche e Naturali, 2014, Vol 92, pB3-1
- ISSN
0365-0359
- Publication type
Article
- DOI
10.1478/AAPP.92S1B3