The so-called art fund is generally raised by the fund manager and invested by multiple art groups or a single art group to achieve the ultimate goal of obtaining higher returns. The art fund aims at investing in artworks, and regards artworks as derivative financial commodities, which has the characteristics of income function and value-added potential. Independent custody, professional management, portfolio investment, independent accounting, risk-taking and income sharing are its main characteristics. As early as 100 years ago, the embryonic form of art fund was established in the west. Bear Skin Fund (Paris) is the earliest professional fund for art, and the earliest art fund in China appeared in May 2005.

There are mainly two kinds of domestic art funds, namely limited partnership system and trust system, in which trust system includes single trust art financing fund and collective trust art financing fund.

Different types of fund operating institutions are also different. The single trust art financing fund cooperates with the bank, which raises funds from customers, and the bank acts as a single trustee to entrust investment consultants to operate. The collective trust art financing fund cooperates with trust institutions, which is a collective plan for the art market. Art private equity fund is a fund with investment in art as the target, and investment consultants enter as GP and then introduce LP.

For the collective trust art financing fund, banks, trusts and investment consultants * * * participate in the project operation and * * * accept supervision. The threshold of such funds is not high, generally 654.38+0 million to 2 million, with controllable risks and not necessarily high returns.

Art private equity fund is a kind of fund with high return rate but also high risk. Its threshold is relatively high, and it generally needs 5 million to100000 yuan.