<tt id="6hsgl"><pre id="6hsgl"><pre id="6hsgl"></pre></pre></tt>
          <nav id="6hsgl"><th id="6hsgl"></th></nav>
          国产免费网站看v片元遮挡,一亚洲一区二区中文字幕,波多野结衣一区二区免费视频,天天色综网,久久综合给合久久狠狠狠,男人的天堂av一二三区,午夜福利看片在线观看,亚洲中文字幕在线无码一区二区

          Investors develop new appreciation for art, fine wine

          Updated: 2011-08-12 11:47

          By Karen Yip (China Daily)

            Comments() Print Mail Large Medium  Small 分享按鈕 0

          BEIJING - In April, Novel Asset Management Ltd launched a $100 million fund that invests in rare diamonds. Twelve art funds are said to be in the process of formation in London.

          The Artist Rare Instrument Fund LLC, launched late last year, invests in top-quality, rare Italian violins, cellos and violas built by Antonio Stradivari, Joseph Guarnerius del Gesu and other renowned craftsmen from the 17th and 18th centuries.

          Past attempts to launch passion funds - investment vehicles that offer significant long-term returns from luxury collectibles such as art, fine wine, diamonds, rare musical instruments and mint condition comic books - aroused little enthusiasm.

          Strong interest

          Market volatility and severe declines have reduced the attractiveness of many other investment options, such as equities, bonds and hedge funds, so it's not surprising that investors are increasingly attracted to passion funds, said Enrique E. Liberman, president of The Art Fund Association based in New York.

          "More money from Asia is going into such funds. We've heard of a rare fancy colored diamond fund targeting China. The fine wine funds are going there too," he added.

          High net worth investors no longer see such investments as an indulgence in expensive hobbies. Rather, the funds allow them to diversify investment portfolios based on more traditional assets and hedge against inflation.

          According to the 2010 Hurun Wealth Report, there are 875,000 millionaires in China, a rise of 6.1 percent from 2009.

          The growth in the number of Chinese millionaires has been driven by a rise in property prices, the recovery of the stock market and a generally strong Chinese economy, said Hurun Report founder Rupert Hoogewerf in a statement.

          "For those who have the wealth, how many homes, cars, jets and yachts can they have? For the Chinese, they are more inclined to acquire tangible assets.

          "Passion funds, which are a subset class of asset investments, provide an opportunity for portfolio diversification into an area that has historically had high returns and shown a low correlation with other asset classes," said Liberman.

          Strong demand from China has driven up fine wine prices as well.

          Last year, wine investors had stellar returns, with prices for top vintages rising 40 percent, based on the performance of the Liv-ex Fine Wine 100 Index.

          That gain beat the return on the FTSE 100, which rose by 9 percent.

          Fine wine investment specialists have forecast that the Live-ex will rise a further 21 percent this year.

          Most Chinese millionaires, whose average age is 39, tend to keep a low profile. Their luxury possessions include watches, Chinese classical art and an average of three cars. Many are also drawn to art.

          With China surpassing the UK as the second-largest auction house and gallery market and becoming a very important purchasing power, and with Chinese auction houses making record sales, "we see that there is an opportunity for art funds in China", said Daniela Sanchez, art advisory and investor relations associate at Fine Art Fund Group Ltd.

          Although art as an investment class is still new in China, some early participants recognized the immense potential of the market: Noah Holdings Ltd, Beautiful Asset (Beijing) Management Ltd Co and Shanghai-based Terry Art Fund Management.

          Chinese buyers

          "Nearly all buyers in the Chinese art market are of Chinese descent, with Chinese buyers worldwide numbering somewhere between 5 percent and 15 percent and growing.

          "The entry of mainland Chinese collectors has renewed the interest of Western, Taiwan and Hong Kong collectors," said Sergey Skaterschikov, chief executive officer and founder of Skate's Art Market Research, an art investment research house.

          As the value of Chinese art continues to rise exponentially, funds investing in this asset class will need to raise increasingly large amounts of money to have an impact in the market.

          What would be considered a large fund by US and European standards, perhaps exceeding $250 million, could become more commonplace, said Michael Plummer, a principal at ArtVest Partners LLC, an investment advisory firm.

          According to Artprice.com, an art market information center, art global auction revenues nearly doubled in 2010 to $9.36 billion. China accounted for 33 percent of the total.

          Related Stories

          Naked performance art on Wall St. ends in arrests 2011-08-02 14:34
          Home away from home investment 2011-07-27 09:13
          主站蜘蛛池模板: 屁股中文字幕一二三四区人妻| 亚洲中文字幕日产无码成人片| 三级全黄的全黄三级三级播放| 亚洲大尺度无码专区尤物| 国产成人综合久久精品下载| 国产免费午夜福利757| 国产剧情视频一区二区麻豆| 国产精品成人aaaaa网站| 亚洲综合一区二区三区视频| 少妇无套内谢免费视频| 久久久成人毛片无码| 亚洲国产成人久久精品app| 中文字幕精品人妻av在线| 久久国产精品久久国产精品| 久久88香港三级台湾三级播放| 国产午夜精品福利91| 国产成人一区二区免av| 亚洲av日韩av永久无码电影| 综合色天天久久| 日韩精品 在线 国产 丝袜| 少妇和邻居做不戴套视频| 欧美亚洲国产精品久久蜜芽直播 | 91青青草视频在线观看的| 五月天丁香婷婷亚洲欧洲国产| 免费无码成人AV在线播放不卡| 狠狠久久五月综合色和啪 | 亚洲男人的天堂久久香蕉| 日本乱一区二区三区在线| 丰满人妻无码| 成人午夜视频在线| 少妇私密会所按摩到高潮呻吟| 久久综合亚洲色一区二区三区| 久久精品国产国产精品四凭| 无码国产精品一区二区免费3P| 男女爽爽无遮挡午夜视频| 四虎影视一区二区精品| 少妇高潮惨叫久久久久电影| 一本一道av无码中文字幕麻豆| 欧美老少配性行为| 国产老熟女国语免费视频| 亚洲韩国精品无码一区二区三区|