RUDN Journal of EconomicsRUDN Journal of EconomicsВестник Российского университета дружбы народов. Серия: Экономика2313-23292408-8986Peoples’ Friendship University of Russia named after Patrice Lumumba (RUDN University)11807ARTICLESСтатьиInvestment in art-markets in the countries with different levels of economic development: rate of return and risksИнвестиции в арт-рынки в странах с разным уровнем экономического развития: доходность и рискиYakovlevaN VЯковлеваНина ВладиславовнаPeoples' Friendship University of RussiaРоссийский университет дружбы народовnisiki@mail.ru <mailto:nisiki@mail.ru>Peoples' Friendship University of RussiaРоссийский университет дружбы народов150320103NO3 (2010)№3 (2010)667412092016Copyright ©; 2016, EconomicsCopyright ©; 2016, Экономика2016EconomicsЭкономикаhttps://journals.rudn.ru/economics/article/view/11807Some features of art-markets of the USA, Great Britain, Italy, Australia and Latin America covering the period from the middle of 20-th century to the beginning of the 21-th century are considered in the work. The results of investigations for the market for paintings and statistical data of annual rate of return of different kinds of investments in Turkey are given. The conclusion of the possibility for the diversification of any portfolio by investing to art not only in the developed countries, but also in an environment of high inflation and large macroeconomic volatility is made.Рассматриваются некоторые особенности арт-рынков США, Великобритании, Италии, Австралии, Латинской Америки второй половины XX - начала XXI в. Приведены данные исследований турецкого рынка живописи в период с 1990 по 2005 гг., а также данные о средней ежегодной доходности различных видов инвестиций в Турции. 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