Art & Finance: Fine Art Derivatives
| Autor: | Quattrocchi, Laura, Strati, Francesco |
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| Jazyk: | angličtina |
| Rok vydání: | 2014 |
| Předmět: | |
| Zdroj: | AAPP | Physical, Mathematical, and Natural Sciences; Vol 92, SUPPLEMENT NO 1 (2014): PISRS Proceedings (Part III) Atti della Accademia Peloritana dei Pericolanti. Classe di Scienze Fisiche, Matematiche e Naturali; Vol 92, SUPPLEMENT NO 1 (2014): PISRS Proceedings (Part III) |
| ISSN: | 1825-1242 0365-0359 |
| Popis: | 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. |
| Databáze: | OpenAIRE |
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