Wealth Management for Collectors

10 Pages Posted: 3 Nov 2010

See all articles by Jianping Mei

Jianping Mei

New York University (NYU) - Department of Finance

Michael Moses

ART MARKET CONSULTANCY

Date Written: October 12, 2010

Abstract

Most high-net-worth individuals hold a portion of wealth in residential real estate and some collecting category. Art is the predominate collecting category of high-net-worth individuals, and this paper investigates the general effects of incorporating art as well as the particular effects of incorporating a client’s art holdings when making wealth-management decisions. New indexes based on transparent like-object market transactions and replicable quantitative methodologies allow for comparisons of the returns from collections and other assets. Individual asset class risks and the correlation of returns among asset classes are important criteria that can be derived from these indexes. We use the Mei Moses® family of fine art indexes as proxies for art-market financial performance. We also include the effects of the S&P/Case-Shiller U.S. Residential Real Estate Index.

JEL Classification: G11, G12

Suggested Citation

Mei, Jianping and Moses, Michael, Wealth Management for Collectors (October 12, 2010). Journal of Investment Consulting, Vol. 11, No. 1, pp. 50-59, 2010. Available at SSRN: https://ssrn.com/abstract=1691267

Jianping Mei

New York University (NYU) - Department of Finance ( email )

Stern School of Business
44 West 4th Street
New York, NY 10012-1126
United States
212-998-0354 (Phone)
212-995-4221 (Fax)

Michael Moses (Contact Author)

ART MARKET CONSULTANCY ( email )

20 WEST 64TH STREET
APT 26K
NEW YORK, NY 10023
United States

HOME PAGE: http://www.stern.nyu.edu/om/faculty/moses/

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