The art fund aims at investing in artworks and regards artworks as derivative financial commodities, which has the characteristics of expected annualized expected income function and value-added potential. Independent custody, professional management, portfolio investment, independent accounting, risk bearing and expected annualized expected 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. At the China International Gallery Expo, the "Blue Mark" Art Fund from Xi bought "Eighteen Arhats" by contemporary painter Liu Xiaodong for 500,000 dollars.
There are two main types, namely limited partnership type and trust type, in which trust type 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 this kind of fund is not high, generally 6,543.8+0,000-2,000,000 yuan, the risk is controllable, and the expected annualized expected return is not necessarily high. Art private equity fund is a fund with high expected annualized rate of return, but at the same time, the risk is relatively high. Its threshold is relatively high, and it generally needs 5 million-10/00000 yuan. Investors are beginning to be optimistic about this kind of investment. There are two reasons: first, art investment funds can pool the funds of many investors, control risks as much as possible through art portfolio, and improve expected annualized expected returns; On the other hand, the managers of art investment funds have either good artistic accomplishment or rich management experience. Managing art investment funds by these professionals should greatly reduce operating costs and investment risks.