"Art Stock" Investment Feasibility Study

In2011, there is a kind of financial innovation which involved billions of privatecapital, more make art field and financial field to the discussion of this innovation.The financial innovation is the "art of stock". The so-called" art stock" is a work of artsegmentation, every share after segmentation is entitled to the part rights of each artand every share has the same rights and interests.The ultimate aim of this paper is the research, which analyze the "art stock" is aneffective innovation. And if possible, how to formulate trade rules in order to reducethe risk.The first chapter of this article introduces the current domestic art investmentenvironment, which launched the" art of stock" innovation has actual market. Thenwe explained which is "art stock", and introduced the present market action, and theattitude of the government for this innovation. Finally, we introduce current results ofthe academic circles. To throw this view:" art investment stock" is feasible, but theformulation of the rules is very important.The second chapter, we analyze the auction market’s function, and stock market’sfunction, then summarized the" art stock" market should inherit what function. Then,we compared works of art,"art of stock" and stock, the three’s different, to releasewhich innovation should be created. Finally, we analyze the main investment marketof "art stock"-Tianjin culture art exchange rules, so that to analyzed, whether thismarket has good inheritance and innovation.In the third chapter, we through the Tianjin Culture Artwork Exchange trade datato analyze the market rule’s vulnerability and risk.The fourth chapter, we introduced stock market rules, to guide the "art stock"market how to make rules.The last chapter, we summarize the above four chapters research results,developed the" art stock" trading rules, and summarize the innovation and deficiencyof this thesis.