A Futures and options are derivatives, which belong to the typical category of alternative investment.

B at present, there is no public offering of alternative investment funds in China.

C. The investment value of artworks and collectibles is based on the artist's reputation and sales records, and belongs to alternative investment (correct answer).

D. Alternative investment is innovative investment, so investments with a long history such as real estate and commodity investment are not alternative investments.

Answer analysis: The main types of alternative investment include: (1) alternative assets, such as natural resources, commodities, real estate, infrastructure, foreign exchange and intellectual property rights. (2) Alternative investment strategies, such as long/short positions, multiple strategic investments and structured products. (3) Private equity, such as venture capital, growth right, M&A investment and crisis investment, is usually organized by partners, companies and trust deed. (4) Hedge funds, such as global macro, event-driven and managed futures hedge funds. Question a does not belong to alternative investment, and B is wrong. China already has domestic public offering of alternative investments. C is right, D is wrong, and otherness does not mean innovation. Real estate and commodity investment have a long history. Choose c for this question.