Collectible Investments for the High Net Worth Investor

Informationen zum Autor Stephen Satchell is a Fellow of Trinity College, the Reader in Financial Econometrics at the University of Cambridge and Visiting Professor at Birkbeck College, City University Business School and University of Technology, Sydney. He provides consultancy for a range of city institutions in the broad area of quantitative finance. He has published papers in many journals and has a particular interest in risk. Klappentext Many high net worth individuals are interested in diversifying their portfolios and investing in collectibles. A collectible is any physical asset that appreciates in value over time because it is rare or desired by many. Stamps, coins, fine art, antiques, books, and wine are examples of collectibles. Where does the financial advisor or investment manager for these high net worth individuals go to learn about these investments? There is no comprehensive resource from the financial standpoint--until now. Dr Stephen Satchell of Trinity College, Cambridge, has developed a book in which experts in various types of collectibles analyze the financial aspects of investmenting in these collectibles. Chapters address issues such as: liquidity challenges, tax ramifications, appreciation timelines, the challenge of forecasting and measuring appreciation, and the psychological component of collecting and emotion in collectible investing. Zusammenfassung A collectible is any physical asset that appreciates in value over time because it is rare or desired by many. Stamps! coins! fine art! antiques! books! and wine are examples of collectibles. Many high net worth individuals are interested in investing in collectibles. This book analyzes the financial aspects of investing in collectibles. Inhaltsverzeichnis Introduction by Stephen Satchell Part 1: General Themes 1. General Principles in Collectible Investing, Collectibles and Asset Allocation Daryl Roxburgh and Stephen Satchell 2. Why Collectors Collect: The Neuropsychology of the Collector Shirley Mueller 3. Collecting and Behavioral Finance David Johnstone 4. Collecting as Luxury Consumption: Effects on Individuals and Households Russell W. Belk Part 2: Major Collectibles Related to Investing 5. An Overview of the Art Market Jeffery Horvitz 6. Art as a Financial Investment Rachel A. J. Campbell 7. Art Investing and Wealth Accumulation Oliver Williams and Anders Petterson 8. Wine: An Alternative Investment, Introduction to "Bordeaux Wine Vintage Quality and the Weather? by Orley Ashenfelter, David Ashmore, and Robert LaLonde Alan Brown 9. Bordeaux Wine Vintage Quality and the Weather Orley Ashenfelter, David Ashmore, and Robert LaLonde 10. Collecting and Investing in Stamps Stephen Satchell and John F. Aulds 11. Investing in Rare Books Andrew T. Rudd 12. Maps as Collectibles Adam J. Apt...

Autorentext
Stephen Satchell is a Fellow of Trinity College, the Reader in Financial Econometrics at the University of Cambridge and Visiting Professor at Birkbeck College, City University Business School and University of Technology, Sydney. He provides consultancy for a range of city institutions in the broad area of quantitative finance. He has published papers in many journals and has a particular interest in risk.

Klappentext

Many high net worth individuals are interested in diversifying their portfolios and investing in collectibles. A collectible is any physical asset that appreciates in value over time because it is rare or desired by many. Stamps, coins, fine art, antiques, books, and wine are examples of collectibles. Where does the financial advisor or investment manager for these high net worth individuals go to learn about these investments? There is no comprehensive resource from the financial standpoint--until now. Dr Stephen Satchell of Trinity College, Cambridge, has developed a book in which experts in various types of collectibles analyze the financial aspects of investmenting in these collectibles. Chapters address issues such as: liquidity challenges, tax ramifications, appreciation timelines, the challenge of forecasting and measuring appreciation, and the psychological component of collecting and emotion in collectible investing.

Zusammenfassung
A collectible is any physical asset that appreciates in value over time because it is rare or desired by many. Stamps, coins, fine art, antiques, books, and wine are examples of collectibles. Many high net worth individuals are interested in investing in collectibles. This book analyzes the financial aspects of investing in collectibles.

Inhalt

Introduction by Stephen Satchell

Part 1: General Themes

1. General Principles in Collectible Investing, Collectibles and Asset Allocation
   Daryl Roxburgh and Stephen Satchell

2. Why Collectors Collect: The Neuropsychology of the Collector
   Shirley Mueller

3. Collecting and Behavioral Finance
   David Johnstone

4. Collecting as Luxury Consumption: Effects on Individuals and Households
   Russell W. Belk

   Part 2: Major Collectibles Related to Investing

5. An Overview of the Art Market
   Jeffery Horvitz

6. Art as a Financial Investment
   Rachel A. J. Campbell

7. Art Investing and Wealth Accumulation
   Oliver Williams and Anders Petterson

8. Wine: An Alternative Investment, Introduction to "Bordeaux Wine Vintage Quality and the Weather? by Orley Ashenfelter, David Ashmore, and Robert LaLonde
   Alan Brown

9. Bordeaux Wine Vintage Quality and the Weather
   Orley Ashenfelter, David Ashmore, and Robert LaLonde

10. Collecting and Investing in Stamps
    Stephen Satchell and John F. Aulds

11. Investing in Rare Books
    Andrew T. Rudd

12. Maps as Collectibles
    Adam J. Apt