Central Bank : Support compliance and oppose monopoly, and resolutely crack down on all kinds of debt evasion and abolition!
On December 21, according to the official micro-information of the People's Bank of China, the Party Committee of the People's Bank of China held an enlarged meeting recently to further implement the subsequent policy framework, credit supply, financial technology , bond market, financial opening, etc. in response to the overall requirements, policy orientation and key tasks of next year's economic work.
In the international capital market, artwork has long been a must-have investment target. It is the "third pole wealth" of the world's three major investment projects, which relay stocks and real estate. It is a high value-added asset, and its return rate has far exceeded that of stocks and real estate. Italian collector Bellini once said: "Only artworks in the world are the most valuable. The average value-added rate of stocks is 40%, while the value-added rate of artworks is 95%.
2. The financialization and assetization of artworks are the trend!
01 Financialization is an inevitable trend of the healthy and rapid development of the art market
As we all know, the value of art is not static, its value will change with changes in time, space, environment and other factors. Art finance is the weight and measure of art.
The "Research Report on the Development of Art Banking Business" released by China Minsheng Bank proposed that more than 20% of the people in the domestic high-income class have the habit of collecting, and they can invest about 1% of their property in art collection.
Assume that the whole country 50% of the total personal savings of 16 trillion yuan belongs to the high-income class, which means that at least 80 billion yuan of funds can theoretically be used for art. Minsheng Bank Art financial services include appraisal, evaluation, collection, preservation, art trust, art funds and other projects.
With the continuous development and improvement of my country's financial market and financial policies, the financialization of art is the result of China's economic takeoff, the innovative practice of culture and finance, and is also an inevitable trend for the healthy and rapid development of China's art market.
02 Art is the best anti-risk investment product
my country's collection groups are mainly divided into three categories: one is professional collection institutions and collectors; the second is large enterprises and wealthy businessmen; the third is ordinary collectors with middle and low income. Relevant data shows that the middle and low income groups, which account for the vast majority of my country's population, are the main body of collection.
The art market is developing rapidly, and the transaction numbers are amazing. On the one hand, China's high net worth people prefer investment, and about 19% of its total wealth is used for art investment, with a compound annual growth rate of more than 25%. The increase in the desire to consume cultural and artistic works has brought great development opportunities and investment space to the cultural and artistic market. On the other hand, the capital market is fast Rapid development, a large amount of capital needs to find new investment directions, and also promote the rapid growth of the art market.
History is irreversible. Artworks of any period are a realm, a spirit and a belief of that era. Therefore, history gives collectibles a deep cultural accumulation due to their understanding and admiration of ancestor culture, and more because of our responsibility for the inheritance of traditional culture and art.
Through collection, we can not only make friends with like-minded confidants in the circle, jointly establish a benign view of collection and understanding, but also better protect cultural relics and spread culture, while also inheriting investment products with very high risk resistance to oneself or family.
03 Create an art market that integrates consumption, collection and investment
Art is non-standardized, with poor information transparency and liquidity, and has great risks. The professional threshold for art investment is far higher than traditional assets, and with the sky-high-priced artworks that have been constantly exposed in recent years, it has created an impression on the general public that artworks are actually luxury goods that cannot be afforded. Therefore, many ordinary consumers are discouraged and even marginalized, which completely goes against the original intention of art!
art fund, art trust investment, art mortgage, art property rights transaction and other financial tools are integrated with financial businesses such as price value, wealth management, value-added and value-preservation, and investment vitality. Although this industry is not yet mature in my country, it should have full confidence in the prospects of financialization and securitization of art.
3. The new art market is forming. Consumption, collection and investment cannot be completely separated. Consumption may become collection, and when collected to a certain extent, it becomes investment. However, due to the wide variety of art, strong monopoly and investors have a great subjective preference, even the substitution between works of the same author or the same genre is very low, which makes it difficult to widely copy and promote successful experience in art investment. Art finance includes three major sectors: one is the financial sector, such as private bankers, wealth management, family office , and art investors, which are investments in the art itself, and can also be investments in related financial technology companies; the second is the cultural sector, such as private museums, public museums, and literary and artistic people; the third is the commercial sector, including auction houses, galleries, art trading fairs, etc. The three sectors complement each other and become more and more connected.
