Art investments in wealth management : possible applications of DLT
Autor(a) principal: | |
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Data de Publicação: | 2023 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/43384 |
Resumo: | During volatile investment markets, investors look for alternative asset classes to outperform or hedge risks. Simultaneously, notable artworks like Gustav Klimt's "A Lady with a Fan" are attaining unprecedented valuations. An increasing number of wealth managers in the German market are now considering advisory services for art investment and management. This dissertation examines whether (1) demand among high and ultra-high-net-worth individuals for art investments is increasing, whether (2) the art market offers optimization potential for investor portfolios, (3) what potential Distributed Ledger Technology (DLT) offers for investing and managing art. The application of management theory aims to contextualize the strategic trajectories of wealth managers and their assimilation of innovative concepts like DLT. Complemented by secondary research, semi-structured expert interviews provide deeper insights into DLT, art, and wealth management. Quantitative analysis further enhances the research, comparing art's performance to conventional asset classes like the stock market, gold, and private markets like private equity or venture capital. Porter's Five Forces Analysis and Scenario Planning provide information on the current market and competitive situation, which leads to the assumption that the art market and therefore the investment opportunities will also increase. Conversely, the qualitative as well as quantitative analysis provides only limited evidence of the potential of art as well as the adaptation of DLT. Although the adaptation of DLT in the art industry is still limited and art as an asset class is rather unlikely to outperform, various approaches are offered to achieve Competitive Advantage with a holistic offering in wealth management. |
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Art investments in wealth management : possible applications of DLTInvestimentos artísticos na gestão de património : possíveis aplicações de DLTArtInvestmentDistributed-Ledger-Technology (DLT)Wealth managementCompetitive advantageFuture of industriesArteInvestimentoGestão de patrimónioInovaçãoVantagem competitivaFuturo da indústriaDomínio/Área Científica::Ciências Sociais::Economia e GestãoDuring volatile investment markets, investors look for alternative asset classes to outperform or hedge risks. Simultaneously, notable artworks like Gustav Klimt's "A Lady with a Fan" are attaining unprecedented valuations. An increasing number of wealth managers in the German market are now considering advisory services for art investment and management. This dissertation examines whether (1) demand among high and ultra-high-net-worth individuals for art investments is increasing, whether (2) the art market offers optimization potential for investor portfolios, (3) what potential Distributed Ledger Technology (DLT) offers for investing and managing art. The application of management theory aims to contextualize the strategic trajectories of wealth managers and their assimilation of innovative concepts like DLT. Complemented by secondary research, semi-structured expert interviews provide deeper insights into DLT, art, and wealth management. Quantitative analysis further enhances the research, comparing art's performance to conventional asset classes like the stock market, gold, and private markets like private equity or venture capital. Porter's Five Forces Analysis and Scenario Planning provide information on the current market and competitive situation, which leads to the assumption that the art market and therefore the investment opportunities will also increase. Conversely, the qualitative as well as quantitative analysis provides only limited evidence of the potential of art as well as the adaptation of DLT. Although the adaptation of DLT in the art industry is still limited and art as an asset class is rather unlikely to outperform, various approaches are offered to achieve Competitive Advantage with a holistic offering in wealth management.Em mercados de investimento voláteis, investidores buscam ativos alternativos para melhorar retornos e minimizar riscos, enquanto obras de arte notáveis, como "Uma Dama com um Leque" de Gustav Klimt, geram receitas recordes, levando gestores de patrimônio alemães a considerar serviços de consultoria em arte. Essa dissertação avalia se (1) a procura por investimentos em arte entre indivíduos de alto e ultra-alto patrimônio líquido está aumentando, (2) se o mercado de arte pode otimizar as carteiras de investidores e (3) qual é o potencial da Tecnologia de Livro Razão Distribuído (DLT) para investir e gerenciar arte. A aplicação da teoria de gestão visa contextualizar as estratégias dos gestores de patrimônio e assimilar conceitos inovadores como o DLT. Pesquisas secundárias e entrevistas com especialistas fornecem insights sobre DLT, arte e gestão de patrimônio. A análise quantitativa compara o desempenho da arte com ativos como o mercado de ações, ouro e mercados privados, como private equity e venture capital. A análise das Cinco Forças de Porter e do Planejamento de Cenários oferece informações sobre o mercado atual e a concorrência, indicando o potencial de crescimento no mercado de arte e nas oportunidades de investimento. No entanto, a análise qualitativa e quantitativa apresenta evidências limitadas do potencial da arte e da adoção do DLT. Embora a adaptação do DLT na indústria de arte seja limitada e a arte como classe de ativos improvável de superar as alternativas, são propostas abordagens para alcançar vantagem competitiva com uma oferta holística em gestão de patrimônio.Rajsingh, Peter V.Veritati - Repositório Institucional da Universidade Católica PortuguesaTrappen, Cedrik Philipp2023-10-232023-092024-12-18T00:00:00Z2023-10-23T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/43384TID:203378083enginfo:eu-repo/semantics/embargoedAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-12-26T01:38:44Zoai:repositorio.ucp.pt:10400.14/43384Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T00:55:03.517311Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Art investments in wealth management : possible applications of DLT Investimentos artísticos na gestão de património : possíveis aplicações de DLT |
title |
Art investments in wealth management : possible applications of DLT |
spellingShingle |
Art investments in wealth management : possible applications of DLT Trappen, Cedrik Philipp Art Investment Distributed-Ledger-Technology (DLT) Wealth management Competitive advantage Future of industries Arte Investimento Gestão de património Inovação Vantagem competitiva Futuro da indústria Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Art investments in wealth management : possible applications of DLT |
title_full |
Art investments in wealth management : possible applications of DLT |
title_fullStr |
Art investments in wealth management : possible applications of DLT |
title_full_unstemmed |
Art investments in wealth management : possible applications of DLT |
title_sort |
Art investments in wealth management : possible applications of DLT |
author |
Trappen, Cedrik Philipp |
author_facet |
Trappen, Cedrik Philipp |
author_role |
author |
dc.contributor.none.fl_str_mv |
Rajsingh, Peter V. Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Trappen, Cedrik Philipp |
dc.subject.por.fl_str_mv |
Art Investment Distributed-Ledger-Technology (DLT) Wealth management Competitive advantage Future of industries Arte Investimento Gestão de património Inovação Vantagem competitiva Futuro da indústria Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Art Investment Distributed-Ledger-Technology (DLT) Wealth management Competitive advantage Future of industries Arte Investimento Gestão de património Inovação Vantagem competitiva Futuro da indústria Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
During volatile investment markets, investors look for alternative asset classes to outperform or hedge risks. Simultaneously, notable artworks like Gustav Klimt's "A Lady with a Fan" are attaining unprecedented valuations. An increasing number of wealth managers in the German market are now considering advisory services for art investment and management. This dissertation examines whether (1) demand among high and ultra-high-net-worth individuals for art investments is increasing, whether (2) the art market offers optimization potential for investor portfolios, (3) what potential Distributed Ledger Technology (DLT) offers for investing and managing art. The application of management theory aims to contextualize the strategic trajectories of wealth managers and their assimilation of innovative concepts like DLT. Complemented by secondary research, semi-structured expert interviews provide deeper insights into DLT, art, and wealth management. Quantitative analysis further enhances the research, comparing art's performance to conventional asset classes like the stock market, gold, and private markets like private equity or venture capital. Porter's Five Forces Analysis and Scenario Planning provide information on the current market and competitive situation, which leads to the assumption that the art market and therefore the investment opportunities will also increase. Conversely, the qualitative as well as quantitative analysis provides only limited evidence of the potential of art as well as the adaptation of DLT. Although the adaptation of DLT in the art industry is still limited and art as an asset class is rather unlikely to outperform, various approaches are offered to achieve Competitive Advantage with a holistic offering in wealth management. |
publishDate |
2023 |
dc.date.none.fl_str_mv |
2023-10-23 2023-09 2023-10-23T00:00:00Z 2024-12-18T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.14/43384 TID:203378083 |
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TID:203378083 |
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eng |
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eng |
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embargoedAccess |
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application/pdf |
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