Diversification of risk for artists and investors

Details Diversification of risk for artists and investors Diversification of risk for artists and investors

2007-08-28

2007-08-28

Hamilton, Lalita M. (Department: 3691)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S035000

Reexamination Certificate

active

10753131

ABSTRACT:
A business model for the diversification of risk in connection with works of art includes accepting from various artists works of art to be pooled in a collective investment fund. A financial instrument is issued to each particular artist in consideration for one or more works of art contributed by that artist to the fund. Revenues are generated on behalf of the fund through commercialization of the works of art in the fund. A portion of the revenues is distributed among the artists participating in the fund according to vested interests in the financial instruments held by the artists. A particular artist having a vested interest in one of the financial instruments is entitled to receive an amount of the revenues based on the collective commercial success of the works of art contributed to the fund by all the artists.

REFERENCES:
patent: 6792411 (2004-09-01), Massey, Jr.
patent: 7062457 (2006-06-01), Kaufman
patent: 2002/0156709 (2002-10-01), Andrus et al.
patent: 2004/0015427 (2004-01-01), Camelio
patent: 2005072278 (2005-08-01), None
U.S. Appl. No. 60/394,974.
Mei, Jeianping and Moses, Michael; “Art as an Investment and the Underperformance of Masterpieces”, The American Economic Review, Nashville: Dec. 2002, vol. 92, Issue 5, p. 1656, 13 pages.

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