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Finance and Credit
 

Features of insurance of objects in modern art market

Vol. 17, Iss. 38, OCTOBER 2011

Available online: 20 October 2011

Subject Heading: INSURANCE MARKET

JEL Classification: 

Starkova N.O. PhD in Economics, associate professor, International economics and management department, Kuban State University
n.starkova@mail.ru

Samus V.N. Economist of the financial department of Krasnodar Vodokanal Ltd.
sviktoriya@yandex.ru

The article discusses the trend of increase of art’s investment attractiveness in the context of the global art market development, increasing the role of art’s insurance as an instrument to minimize risks and to offset the financial impact of potential losses to all participants. It is shown the results of analysis of Russian and foreign insurance systems of art objects.

Keywords: insurance, investment, profitability, risk, art market, art business, art

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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