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近年来,国内收藏拍卖界的艺术品评论文章,大量地关注着拍卖市场的各种品类价格创新高的趋势变化,和市场向纵深发展的一些比价效应。而这些现象里的投机成分到底有多大,所产生的异常价格比价效应,在投资行为的暗示作用上,是好是坏,却少有人泼冷水。客观地说,目前市场走俏的一些高价艺术品类,确实不太好套用传统艺术品价值评估的理论,去评测其短期暴涨的内在价格因素。相对而言,似乎应该从投资行为投机理论的角度,来分析其影响投资者的投机决策行为的结果,占价值合理性的多寡,以此说明投资者如何克服了一些行为的偏差,使其行为达到合理决策、规避了投资风险;或者投机决策行为的偏差,最终导致陷入了更大的诱惑骗局之中。
In recent years, the art auction articles of the domestic auction houses pay a lot of attention to the trend changes of various types of auction prices in the auction market and some comparative price effects of the market to the depth development. The speculation in these phenomena in the end how much, the abnormal price parity effect, the implied role in investment behavior is good or bad, but few people pour cold water. Objectively speaking, some high-priced art categories that are popular in the market are indeed not too good to apply the theory of traditional art value assessment to evaluate the intrinsic price factors of their short-term soaring. Relatively speaking, it seems that from the perspective of speculation on investment behavior, we should analyze the result of speculative decision-making affecting investors, accounting for how much value is reasonable, so as to illustrate how investors have overcome some deviations in behavior and made them behave To reach a reasonable decision, to avoid the risk of investment; or the deviation of speculative decision-making behavior, eventually led to plunge into a more temptation to fraud.