JOURNAL OF BEIJING UNIVERSITY OF POSTS AND TELECOM ›› 2017, Vol. 19 ›› Issue (2): 17-25.

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Legal Dilemma and Countermeasures on Artwork Securitization#br#

  

  1. School of Humanities, Beijing University of Posts and Telecommunications, Beijing 100876, China
  • Received:2016-12-18 Online:2017-04-30

Abstract: The essence of artwork securitization is co-ownership by shares, according to the Property Law There are two kinds of artwork securitization: public offering of securities and private wealth management With its long history, China has abundant artworks, and artwork securitization shows great market potential However, the artwork securitization practice is not quite successful and has been encauntering legal problems Therefore, China should establish standard Cultural Property Exchange and professional Special Purpose Vehicle (SPV) participation system, and set up authoritative artwork accreditation institutions and valuation agencies Likewise, China should also regulate the products of private wealth management and formulate specialized artwork securitization legal norms

Key words: artwork, security, asset securitization

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