18. März 2012 | Frühstück mit Sergey Skaterschikov

Cultural relevance – trends in art investments and their consequences

The tension between the arts and economy has always been a fascinating topic for Russia-born art investor Sergey Skaterschikov. He strongly believes that arts create value for a community that goes beyond a cultural impact but actually also has a positive economic effect. His involvement in the ViennaFair is based on his conviction that Vienna can serve as a fertile ground for innovative concepts. Sergey’s remarks were followed by a stimulating discussion that centered around the following questions:

What factors drive the value of art?

Can art fairs facilitate the „democratization of art investment”?

If artists follow the demands of the markets, don’t they lose their credibility and original calling?

Who actually decides which artists are creating new trends or in high demand?

Sergey Skaterschikov

Sergey Skaterschikov has 19 years of professional experience as an entrepreneur and board level executive. Sergey holds degrees from Moscow State University (economic geography) and Duke University (MBA from Fuqua School of Business) and has been working in Austria since 1999. Since then, he has been a board member of caibon.com (Creditanstalt-owned online broker), sold three Internet ventures to Vienna-based red stars.com AG (co-established by Siemens AG and Mr. Streimelweger), and advised bwin Interactive Entertainment AG (www.bwin.com) on its expansion strategy in select Eastern European markets. In 2001, Sergey founded the New York-Moscow private equity firm IndexAtlas Group (www.indexatlas.com) which invested in the gaming company Noviy Disc, art investment research firm Skate’s (www.skatepress.com), luxury real estate brokerage franchise Moscow Sotheby’s International Realty, and online residential property background check firm Neprosta.ru (www.nesprosta.ru) , among other ventures. He sold majority ownership in IndexAtlas Group to a group of substantial Russia-based investors in May 2011. Sergey is a member of the board of directors of two London stock exchange listed companies, OAO LSR Group and OAO OMZ, the Russia listed, leading newsprint manufacturer OAO Volga, and the Riga-based Latvian Business Bank. He is also the author of the world’s leading textbook on art investing titled “Skate’s Art Investment Handbook”, the latest edition of which was published by McGraw [&] Hill in 2009.

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