“艺术品股票”投资的可行性研究

发布时间：2018-06-03 22:27

本文选题：艺术品 + 股票　；参考：《天津大学》2012年硕士论文

【摘要】：2011年，有一种金融创新撬动了上百亿的民间资金参与其中，更使得艺术领域和金融领域共同对该创新展开了学术大讨论。这种金融创新就是“艺术品股票”。所谓“艺术品股票”就是将一件艺术品或多件艺术品组合而成的资产包进行分割，分割后的每一份份额都享有该资产包的部分权益且每一份份额享有的权益相同的一种有价证券。本文的最终目的就是希望通过相关的研究，来分析“艺术品股票”这种金融创新是不是有效可行的。而如果可行的话，具体的交易规则如何制定，才能降低风险。本文第一章首先介绍了目前国内的艺术品投资环境，进而推出“艺术品股票”的创新是有实际市场的。然后我们对“艺术品股票”投资进行了解释，并介绍了目前市场的创新情况，以及国家对于这种创新的态度。最后，我们介绍了一下目前学术界对于这种创新的研究成果。从而抛出本文的观点：“艺术品股票”投资可行，但是规则的制定尤为重要。第二章，我们分析了当前拍卖市场和股票市场的功能，进而总结出“艺术品股票”投资市场应该继承什么功能。然后，我们通过比较艺术品、股票、“艺术品股票”这三者的关系，，得出我们要进行哪些创新。最后，我们分析“艺术品股票”的主要投资市场—天津文化艺术品交易所的规则，从而得出该市场是否进行了很好的继承和创新。在第三章，我们通过分析天津文化艺术品交易所运行一年来的数据，分析出目前这个市场的规则有哪些漏洞和风险。第四章，我们通过借鉴成熟的拍卖市场和股票市场的规则，来指导“艺术品股票”市场规则制定的时候需要注意哪些地方。最后一章，我们总结以上四章的研究成果，制定出“艺术品股票”交易规则，并总结一下本论文的创新点和不足。
[Abstract]:In 2011, a kind of financial innovation has mobilized tens of billions of private funds to participate in it, which makes the art and financial fields jointly launch a great academic discussion on the innovation. This kind of financial innovation is the art stock. The so-called "art stock" is the division of an asset package formed by a combination of one or more works of art. A securities in which each divided share has a partial interest in the asset package and each share has the same interest. The ultimate purpose of this paper is to analyze whether the financial innovation of art stock is effective and feasible through relevant research. And if feasible, the specific trading rules how to make, can reduce the risk. The first chapter first introduces the present domestic art investment environment, and then the innovation of "art stock" has a real market. Then we explain the "art stock" investment, and introduce the current market innovation, as well as the state's attitude towards this innovation. Finally, we introduce the current academic research on this innovation. Thus, this paper puts forward the view that "art stock" investment is feasible, but the rule-making is particularly important. In the second chapter, we analyze the functions of the current auction market and stock market, and sum up what functions should be inherited by the "art stock" investment market. Then, by comparing the relationship between art, stock and art stock, we can find out what innovation we should make. Finally, we analyze the rules of Tianjin Culture and Art Exchange, the main investment market of "Art stocks", and find out whether the market has carried on very good inheritance and innovation. In the third chapter, we analyze the data of Tianjin Culture and Art Exchange over the past year and find out the loopholes and risks in the current market rules. In the fourth chapter, we draw lessons from the mature auction market and stock market rules to guide the "art stock" market rules making what should be paid attention to. In the last chapter, we summarize the research results of the above four chapters, work out the trading rules of "art stock", and summarize the innovation and deficiency of this paper.
【学位授予单位】：天津大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.51;J124

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