Trends of investments in art

Abstract

The paper constitutes a discussion of trends of art as an alternative investment, presents the analysis of investment opportunities in art, and describes the specifics of the art market and art investment features. The main objective of this paper is to investigate art as an investment tool. Moreover, this paper represents the main Lithuanian and the world art market participants. Analysis of the statistical data reveals that the biggest art markets having long traditions of investing in art yield ground to emergent Eastern markets. Lithuanian art market is very young, therefore, there is shortage of investments in art but in the last few years it was steadily growing and can also be assessed as emerging one. In addition, this paper represents basic problems and possible development directions of Lithuanian art market. Artprice Global Index forecast was conducted by trend line method.