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Investing In Art As An Asset Class
April 23, 2013
5:30 PM - 8:00 PM
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Piedmont Driving Club
1215 Piedmont Ave NE
Atlanta , GA 30309
http://www.drivingclub.com/directions/
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Piedmont Driving Club rules say that “No member, visitor, guest or other person having Club privileges will be allowed onto the Club premises unless appropriately dressed. Appropriate dress for males fourteen and older will mean the wearing of a coat and tie.” Cell phones in all areas of the club are prohibited.
Professor Moses was a faculty member at The Stern School of Business of New York University for 32 years before his recent retirement. Before that he taught at the Wharton School of the University of Pennsylvania for five years. During this period he has done research on corporate strategy, supply chain management and the role of art as an asset class. He has published articles in leading academic journals in the fields of economics, finance, management science, operations research and regional science. He has also authored three books on the diverse fields of Management, Business Process Improvement, and 18th Century American Furniture. During this time he has also been a consultant to several large corporations in the fields of strategic planning and operations analysis.
His most recent work has been focusing on art as an asset class. He is co-developer with Jianping Mei of the Mei Moses® Family of Fine Art Indices. This family of indices tracks the tenor of the art market going back to 1810. The research findings have been published in the American Economic Review, The Journal of Finance and won the best paper award in 2005 of The Journal of Investment Consulting. His research on the art market has been quoted in over 1000 stories in leading print and broadcast financial media. Updated information about the indices as well as press coverage can be found on the web site www.artasanasset.com.
He is also co-founder of Beautiful Asset Advisors® LLC. This firm is set up to help individuals and their insurers and wealth managers to better understand the financial implications of the art market in general and their collection in particular. The firm, via its web site, www.artasanasset.com , makes available annual art market financial performance updates and intermediate monthly and quarterly tracking reports based on their proprietary family of Mei Moses® fine art indexes which are based on a proprietary database of almost 33,000 works of art that have sold at auction at least twice.
In addition to a World All Art Index there are indexes for seven important collecting categories: American Painting before 1950, British Paintings, Impressionist and Modern Paintings, Latin American Works of Art, Old Master and 19th Century Painting, and Post War and Contemporary Painting, and Traditional Chinese works of art. The resulting art indexes can be compared to financial indices to investigate relative performance. The indices can also be used to undertake portfolio optimization studies that include art and create “mark to market” art valuations. The data can also be used to answer questions about the role of purchase price, artist quality, overpayment and overbidding, and holding period on returns.
Ongoing research involves; pricing the priceless, predicting success and failure in the New York auction market for Impressionist and Modern Paintings, strengths and weaknesses of various art index methodologies, why the fascination with masterpieces, and is loss aversion pervasive in the art market.
To round out his art interests he also authored a book on 18th century American antiques entitled MASTER CRAFTSMEN OF NEWPORT THE GODDARDS AND TOWNSENDS as well as a Antiques Magazine article on the 19th century American painters MARRY BLOOD MELLON AND FITZ HUGH LANE A COOPERATIVE RELATIONSHIP.
Tickets
$25.00 Member Fee
$50.00 Guest Fee
Future Meetings
Annual Meeting Part One: Official Business|Members Only
Cobb Energy Performing Arts Centre
2800 Cobb Galleria Parkway
Atlanta, GA 30339
Annual Meeting Part Two: Keynote Rick Rieder, Chief Investment Officer of Global Fixed Income, BlackRock
Cobb Energy Performing Arts Centre
2800 Cobb Galleria Parkway
Atlanta, GA 30339
Annual Member Appreciation Networking Social
Tesserae Rooftop Lounge
415 East Paces Ferry Rd NE
Atlanta, GA 30305
Sponsor Webinar Series: Understanding ETFs: Market Overview, Trading Best Practices and The Next Generation of Multi-Share Class ETFs
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Bourbon Tasting with the Bourbon Whisperer
The Buckhead Club
3344 Peachtree RD NE | 26th Floor
Atlanta, GA 30326
Member Community Book Club
SCS Financial
3333 Riverwood Parkway | 1st Floor Conference Room
Atlanta, GA 30339
Annual Holiday Networking Social
Porsche Experience Center Atlanta
One Porsche Drive
Atlanta, GA 30354