As the most diverse segment of the market for investment is exchanged Collector [1] . This diversity results from the range of investment opportunities, also called alternative investments, or emotional investment. On the market for collectible investor portfolio consists of collectibles such as, for example, [2] :
- paintings and sculptures by famous artists,
- old furniture,
- old coins,
- precious stones,
- old cars,
- watches,
- elegant wine,
- rare books,
- photographs
- stamps,
- comics,
- baseball cards,
- postcards,
- autographs of famous personalities.
collector's market attracts mainly hobbyists, who want the item to own. Intentions direct result of that market participants the possibility to obtain high rates of return. However, before deciding to purchase a collectible with the intention of a quick sale at a profit is necessary to know the characteristics of alternative investment [3] :
a) long time horizon to invest ;
Most after a few years, we can gain a significant profit.
b) low market liquidity;
in the collector market transactions are subject to aukji in auction houses or online auctions. Sales outside the auctions involve the sale of valuable items at low prices on the stock market such as antique or antique shop.
c) price set by the buyer ;
Seller or appraiser can measure the object, but the price purchase ultimately depends on the buyer. Frequently Issuing wait many months or years for an opportunity to sell your stuff for a profit.
As mentioned above - the most lucrative market place for collectors' items are auction houses. The best reputation in the world enjoy the auctions conducted by Christie's and Sotheby's . In addition, transactions take place at online auctions, antiques and exchanges in art galleries and antique shops.
item before buying an investor can be guided by self-acquired knowledge and taste, or use the assistance of professionals. Currently, people who want to invest in art, banks offer the service, art banking, which provides advice prior to purchase works of art, help in negotiating the price at the time of the transaction, and also organizes the storage, transportation and maintenance of purchased items [4] . [1] Alternative investments. Pruchnicka-Grabias I. (ed.), Expert Publishing CeDeWu.pl, Warszawa 2008, s.10
[2] K. Borowski, New directions in investment banking - collectibles market, [in:] Alternative investments. I. Pruchnicka - Grabias (ed.), Expert Publishing CeDeWu.pl, Warszawa 2008, s.218.
[3] K. Borowski (2008), op. Bogan, 218th
[4] P. Niedziółka, Investments in the art world and art market prospects in Poland , [in:] Alternative investments. I. Pruchnicka - Grabias (ed.), Expert Publishing CeDeWu.pl, Warszawa 2008, s.199.
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