• ISSN: 2010-023X
    • Frequency: Bimonthly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Executive Editor: Ms. Cherry L. Chen
    • Abstracting/ Indexing: Engineering & Technology Digital Library, ProQuest, Crossref, Electronic Journals Library , EBSCO, and Ulrich's Periodicals Directory
    • E-mail: ijtef@ejournal.net
IJTEF 2015 Vol.6(2): 102-105 ISSN: 2010-023X
DOI: 10.7763/IJTEF.2015.V6.451

A Calculation Method of the Artwork Portfolio Investment Risk Based on the Hedonic Model

Wang Zhaoyan and Feng Junwen
Abstract—A boom in the art market in recent decades heightened investor interest and revived analysis by finance scholars. The primary focus of the finance of art literature is on the yield and risk of art as an investment. Nowadays, the Hedonic index method had gained a lot of achievements in the artwork pricing and investment, but has not yet been introduced to the study of artwork portfolio investment risk. This paper proposed a calculation method of the artwork portfolio investment risk based on the Hedonic model. The current situation and characteristics of the artwork investment market were analyzed. An example about the Chinese artist painting artwork portfolio showed the practicability and effectiveness of the proposed method.

Index Terms—Artwork portfolio, investment risk, hedonic model.

The authors are with the School of Economics and Management, Nanjing University of Science and Technology, Nanjing, 210094 China (e-mail: zywang_2014@ 163.com, jwfeng99@163.com).

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Cite: Wang Zhaoyan and Feng Junwen, "A Calculation Method of the Artwork Portfolio Investment Risk Based on the Hedonic Model," International Journal of Trade, Economics and Finance vol.6, no.2, pp. 102-105, 2015.

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