Investment Ratings of artists in questions and answers

ARTinvestment.RU – 24.02.2009,14:45

• be interpreted as investment index artist Artist's ARTIMX?
• How ARTinvestment.RU believes Overall rating «Top 10 Russian artists to return the money»?
• Why are their indices ARTinvestment. RU value compares prices with those of 2001? It is obvious that since the Russian art market has changed decisively. Can I get information closer to the current realities?
• Near schedule Artist's ARTIMX published very similar in form curve Artist's ARTIMXp. What is the difference between these two graphics?
• Why investment indices are calculated only for the creativity of 859 artists from the existing database ARTinvestment.RU 4500 artists?
• By what criteria were selected artists participating in ratings «Top 10»?
• As strange as it turns out that Kazimir Malevich is headed by a total rating for yield in the money, but in the next ranking of top 10 returns in the category «Painting» it is not at all, but in the top 10 in profitability in the category «Drawing», it is only the eighth ?
• What is the difference between «Top 10 Russian artists to return» and «Top 10 fastest growing»? Why do I need to maintain two rating?
• Can I say that the top yield is addressed to large investors, and rating the rate of growth allows the artist to effectively choose mikroinvestitsy ?
• What are the benefits of indexes and ratings are beginning to draw investors, the small operating budgets?
• Where can I find the methodology of calculation of indices ARTIMX and Artist's ARTIMX?
• What Indexes family and Artist's ARTIMX ARTIMX better than their foreign counterparts?
• Is it possible to consider the indices ARTinvestment.RU as a comprehensive guide to investment in the work of specific artists?

Published ARTinvestment.RU new investment ratings are intended to assess the artists value the dynamics of specific works of artists both in the amount of their techniques, as well as separately for painting and drawing. Using the statistically calculated indices to assess, in the works of artists are the most profitable to invest, given the profit in absolute values, as well as arguments to answer the question, what the work of artists demonstrating the highest rate of price growth in the various historical sections.

represented the family of investment indices artists Artist's ARTIMX and ratings based on them, allow to outline the terms of the artists, whose works are best for large investments, and for mikroinvestitsy. Along with the already-established indices ARTIMX , a new family of Artist's ARTIMX allows you to compare pricing dynamics of specific works of artists from the average trend in the world and on Russian art, as well as make their own analytical conclusions.

Here we propose to get acquainted with the peculiarities of the new indexes in the format of questions and answers.

should be interpreted as investment index artist Artist's ARTIMX?

meaning of the application investment index artist's easier to understand at a particular example. Thus, from the statistics ARTinvestment.RU shows that the total investment index of artist Vasily Kandinsky Artist's ARTIMX at the end of February 2009 stood at 6 082.82 points. In our method, this means that the price of conventional «averaged» works by Kandinsky from 2001 to 2009 increased from 1 000 to 6 082.82 points. During the same period, the notional price of his paintings has risen to 4 419.28 points (it shows the index ARTIMX Painting), and graphics - up to 5 585.34, paragraph (ARTIMX Graphics). Or, in other words, each one thousand dollar invested in the work of Kandinsky, on average, has become for 8 years, 6 082.82 dollars.

How ARTinvestment.RU believes Overall rating «Top 10 Russian artists to return the money»?

The basis for calculating the rating of Russian artists to return to work conditional cash (including the published Top 10) based on the growth of the relative price of a particular artist from 2001 to 2009 - that is the difference between absolute (not linearly) index Artist's ARTIMX as of 2001 and today. Thus, if calculations show that the average product of the artist N, which in 2001 cost the imputed 1 000 dollars in 2009, has already cost 15 000 dollars, then the income of 14 000 dollars and will define its place in the rating of Russian artists profitability. Thus, this illustrates the top level of profitability of the artist's works in the money. It shows the collector and investor, in which works of artists makes sense to invest money in order to obtain the greatest benefits.

Why, in their ARTinvestment.RU price index compares the values with those of 2001? It is obvious that since the Russian art market has changed decisively. Can I get information closer to the current realities?

beginning of the boom in the market of Russian art can be considered in 2003, and «flare» became «Russian bid» Sotheby's in London , which were «delivered aloud» unthinkable before prices for masterpieces of painting. But in 2001, the outlook for Russian art were quite clear - members had already recorded a significant rise in prices, so 2001 is quite significant for historical comparisons. However, to obtain the index value at shorter time intervals the user site can not be a problem - just put the mouse cursor to any point on a temporary schedule, and look at the number of index help bubble. In addition, for the convenience of users in the coordinate plane can be drawn from a schedule change is not an investment index artist for 8 years, and over the past 12 months - you need only check in the box.

Next to the schedule Artist's ARTIMX published very similar in form curve Artist's ARTIMXp. What is the difference between these two graphics?

similarity of curves showing the dynamics of the indices Artist's ARTIMX and the Artist's ARTIMXp, quite naturally, as well as Artist's ARTIMXp - this is the same personal investment index artist, only the dollar, adjusted for inflation. For example, Artist's ARTIMXp for all works by Kandinsky for 8 years, will no longer 6 082.82 points and a more modest 4 899.02 points. The reason is that dollar for years, marked «usoh», and its cheaper dispassionately recorded we used to calculate the Artist's ARTIMXp inflation index CPI, published by the analytical resource of Financial Trend Forecaster. Thus, if the income in the currency in 2001, each 1 000 dollars invested in 2001 has evolved over 8 years, 4 899.02, then the same dollar.

Why investment indices are calculated only for the creativity of 859 artists from the existing database ARTinvestment.RU 4 500 artists?

calculation Artist's ARTIMX is not for all Russian artists represented in our database, but only for the «sold» in the world's auction, which has accumulated a representative auction statistics. It does not take into account the results of transactions noted on the site ARTinvestment.RU red and yellow indicators of investment risk.

According to what criteria selected artists participating in ratings «Top 10»?

selection of artists to be included in the ratings being a purely mathematical: it is essential that the auction of the artist's statistics there are at least 10 on auction sales since 2001 and always on different days. For example, if one day the same auction sold 5 of the artist, and another 5 on the second, it will be counted as two independent events. And will take a minimum of 8 sales in the same day that the investment code that the artist could be included in the rating. This is true both for the overall rating, as well as for ratings on painting and drawing.

As strange as it turns out that Kazimir Malevich is headed by a total rating for yield in the money, but in the next ranking of top 10 returns in the category «Painting» it is not at all, but in the top 10 in profitability in the category «Graphics» it took only 8 th place?

for inclusion in the top yield in the money aside for painting, and on the graph method requires a minimum of 10 auction sales for each category in different days. The problem is that the original work of Kasimir Malevich rarely appear at auction. A sale of paintings at all isolated. Since 2001, has not received even ten auction sales of his paintings, the authenticity of which is credible. Therefore, in the top returns in the category «Painting» great artist does not automatically gets - one rule for all. And in the rating charts Malevitch indeed present at the 8 th place - since the beginning of 2001, his paintings became much, but not to take first place in return for money. But in the general ranking of the total, calculated as a result of sales of all of the artist (which also requires a minimum of 10 auction results on different days, but takes into account together, and drawings and paintings), the contribution of several sverhuspeshnyh selling paintings of Malevich was enough that he was confident headed off this rating. Which is understandable: from the fantastically expensive sales Kazimierz took second place in ranking Russian artists - authors of the most expensive version of the ARTinvestment . RU , second only to Mark Rothko. Recall that in November 2008, oil on canvas Malevitch «Suprematist composition» in 1916 was sold at Sotheby's for $ 60 million.

What is the difference between «Top 10 Russian artists to return» and «Top 10 fastest growing»? Why do I need to maintain two rating?

Rating yield illustrates the arrangement of the artists on the items, depending on the average increase in the prices of their products in absolute values (ie money). This rating indicates the position of artists in the absolute price changes conditional on their work since 2001 (as far as the average work of the artists went in the U.S.). Thus, according to the rating «Top 10 Russian artists of Income», Malevich's work for 8 years, went up in absolute terms, larger than the work of Kandinsky, which is brought about b Higher income.

In turn, the rating on the growth rate shows the arrangement of the artists on the items, depending on the percentage change in prices for their products conditionally averaged (ie, depending on how many times the price change conditional works). It is not important in the budget or sverhdorogom range of a particular artist's works are listed. Suppose that in 2001, the notional price of the particular artist was 1 000 dollars, and in 2009 - for 3 000 dollars. It turns out that the price for 8 years has grown by 200 per cent (three times). The indicator on the face of spectacular, but return the money of only 2 000 dollars. On the contrary, the conventional work of significant artists, which in 2001 cost $ 1 million in 2009 to appreciate up to 2 million dollars. And, despite the fact that the yield of the artist's impressive amount of money of 1 million dollars, he did not get a record, as rising prices for its work in percentage terms will be less - 100 percent (twice). For comparison: in order to obtain a similar income-millionth of money supporters mikroinvestitsy to three-fold increase would have to manage a collection of 500 works successful with initial price of a thousand dollars each. What is clear, it is unlikely, it is very troublesome and requires a rather imposing costs on storage and moving. But on the other hand, not every investor is free million to invest it in one doroguschy masterpiece. So that these ratings are addressed to fans of different investment strategies with different financial capabilities.

Can I say that the rating Income addressed the major investors, and rating the rate of growth allows the artist to effectively choose mikroinvestitsy?

Exceptions occur, but overall, this logic is correct. For a short list of 10 names is difficult to judge (you need to watch the full version of the ratings), but the mathematical scheme for calculating the ratings suggests that the top of the list to return the money will be presented more often «first name». That is, the top rate of return in money form the names of artists whose work is not just roads, but are, as usual, millions and hundreds of thousands of dollars. This is understandable. When a masterpiece, bought earlier for one million, was resold for 2-3 million dollars (that is, with an income of 1-2 million dollars) in auction practice entirely and close. In turn, the rating on the growth rate will be at the top of the names of those artists whose works were not originally attributed to sverhdorogim, but prices are surprisingly «shot», demonstrating growth in the tens and sometimes hundreds of times. Typically, this growth comes with a low initial base, because in 2001, works by many artists were on the current standards is very cheap.

What are the benefits of indexes and ratings are beginning to draw investors, the small operating budgets?

can be expected to top the growth mikroinvestitsy allow supporters to outline the terms of the rapidly progressing names, and perhaps , to identify promising targets for investment. We hope that an independent analysis of the list of artists with outstanding investment performance and explore their creativity and their individual market indices help «compute» typical reasons for these successes and use these findings for future effective attachments. In the future, such knowledge will help investors determine the names that are at the beginning of the price increase.

And one more wrinkle. On the index, you can display not only the schedule of a particular artist index changes, but also graphs of indices Russian art market ARTIMX-RUS. In one system, all the deviations are visible both on the palms. So it is better or worse than the market prices are increasing at a selected artist - no longer a question. It is important to bear in mind that the global index for the world and Russian art have considerably higher accuracy and representativeness. After all, for their calculation using a large statistical database containing the results of some 3 million sales of lots by more than 12 thousands of the world of auctions.

Where can I find the methodology of calculation of indices ARTIMX and Artist's ARTIMX?

ARTinvestment.RU not publish a detailed methodology for calculating the basic indices for the investment market sectors and for specific artists, leaving behind a right not to disclose the formula and «know-how». We are confident that, for collectors, investors and analysts art market are much more useful conclusions, making our indexes. ARTinvestment.RU makes no secret of the fact that the methodology of calculation takes into account ARTIMX technique works, its size, using different correction coefficients, and the results shall be shut off accidentally when the auction selling questionable or poor quality work, having red or yellow indicators of investment risk . All this provides a fairly accurate statistical picture of price trends in the market world and Russian art.

some evidence of the objectivity of indices is that they quickly fall within the generally accepted business turnover. Previously Indexes ARTIMX and ARTIMX-RUS already publish on the main page leading Internet media business: newspaper «Vedomosti» ( vedomosti.ru ), an analytical weekly SmartMoney ( smoney.ru ), analytical resource« Finam-light »( light.finam.ru ). Index ARTIMX uses newspaper «Kommersant» ( kommersant.ru ) in their analysis of the market of art, as well as other sources, addressed to analysts and investors.

What is a family of indices Artist's ARTIMX and ARTIMX better than their foreign counterparts?

family of indices of the state of the art market, as represented ARTinvestment.RU, to date, has no analogs either in the Russian or foreign markets. Major overseas indexes Artprice and ArtTactic is not based on the analysis of statistical data on auction sales, as calculated on the results of surveys of visitors to the site, or processing of expert opinion and the parties art market. That is, these foreign indices and ratings assess only the subjective mood of buyers. ARTinvestment.RU to assess the market using index ARTIMXba, statistically showing the intensity of the buyers at the world's main auction (the percentage of inmates at auction transactions). Observed that the growth index of purchasing activity, as a rule, should always be price increases. The statistical and mathematical approaches to combine the well-known index of Mei Moses. But his calculation is not regular. His most recent figures are available only for 2006.

Is it possible to consider the indices ARTinvestment.RU a comprehensive guide to investment in the work of specific artists?

indexes Artist's ARTIMX and ratings based on them, help narrow your search, to outline the terms of a particularly promising for investment of some names and identify the place the artist in a number of his colleagues in terms of current market conditions. But the role of investment is not a panacea, they claim. Thus, indices and ratings may not provide reliable exhaustive answer to the question of whether to invest in the specific work of an artist. With all the advantages of a systematic approach for beginning collectors and investors ARTinvestment.RU experts consider it necessary to recall that, when deciding on the purchase of relying solely on mathematical calculations, and the ratings did not. The technique is progressing. But hardly expect magic formula that allows to diagnose the difference in the quality of products and to distinguish between, say, a great painting from the mediocre. Requires an integrated approach, because market value of works of art is determined by a mass of subjective factors. An experienced collector takes into account the importance of the topic, technique, size, year of establishment and ownership of valuable time, decorative works and many other variables that determine the work force. It happens that the two paintings the artist created in one year, are of comparable size, similar in style, but one radiates energy, has a special «chemistry», while the second leaves indifferent. Accordingly, the first, «charged» picture will cost considerably higher, but it is ideal for investment. That is, price, and this work will become faster, and it will be easier to resell. To understand this, the connoisseurs of a single glance. But at the same time, no mathematics is not in a position to explain than the first picture is much better than the second. So the council of a beginner investor ARTinvestment.RU remains: the index of hope, but do not make a mistake!

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