Professor Moses was a faculty member at The Stern School of Business of New York University for 32 years before his recent retirement. Before that he taught at the Wharton School of the University of Pennsylvania for five years. During this period he has done research on corporate strategy, supply chain management and the role of art as an asset class. He has published articles in leading academic journals in the fields of economics, finance, management science, operations research and regional science. He has also authored three books on the diverse fields of Management, Business Process Improvement, and 18th Century American Furniture. During this time he has also been a consultant to several large corporations in the fields of strategic planning and operations analysis. His most recent work has been focusing on art as an asset class.
He is also co-founder of Beautiful Asset Advisors® LLC. This firm is set up to help individuals and their insurers and wealth managers to better understand the financial implications of the art market in general and their collection in particular. The firm, via its web site, www.artasanasset.com , makes available annual art market financial performance updates and intermediate monthly and quarterly tracking reports based on their proprietary family of Mei Moses® fine art indexes which are based on a proprietary database of almost 33,000 works of art that have sold at auction at least twice.
In addition to a World All Art Index there are indexes for seven important collecting categories: American Painting before 1950, British Paintings, Impressionist and Modern Paintings, Latin American Works of Art, Old Master and 19th Century Painting, and Post War and Contemporary Painting, and Traditional Chinese works of art. The resulting art indexes can be compared to financial indices to investigate relative performance. The indices can also be used to undertake portfolio optimization studies that include art and create “mark to market” art valuations. The data can also be used to answer questions about the role of purchase price, artist quality, overpayment and overbidding, and holding period on returns.
Ongoing research involves; pricing the priceless, predicting success and failure in the New York auction market for Impressionist and Modern Paintings, strengths and weaknesses of various art index methodologies, why the fascination with masterpieces, and is loss aversion pervasive in the art market.
To round out his art interests he also authored a book on 18th century American antiques entitled MASTER CRAFTSMEN OF NEWPORT THE GODDARDS AND TOWNSENDS as well as a Antiques Magazine article on the 19th century American painters MARRY BLOOD MELLON AND FITZ HUGH LANE A COOPERATIVE RELATIONSHIP.
BIO- MEI MOSES® FAMILY OF FINE ART INDEXES
The Mei Moses® Family of Fine Art Indexes was first introduced into the market place in 2001. They were developed by Jianping Mei and Michael Moses both then faculty members of the Stern School of Business at NYU. Dr Mei is now a professor at the Cheung Kong Graduate School of business in Beijing and Dr. Moses has retired from NYU and is now co-founder of Beautiful Asset Advisors® LLC. The family of indexes they developed tracks the tenor of the art market going back to 1810. The indexes and research findings based on them have been published in leading academic journals: American Economic Review, The Journal of Finance, Handbook of the Economics of Art and Culture and won the best paper award in 2005 of The Journal of Investment Consulting. No other art index has received this level of academic per review. The research has been quoted in over 1000 stories in leading print media with multiple citations in the New York Times, Financial Times, Wall Street Journal, The Economist, Business Week, Time, Forbes etc. The developers have also appeared on many broadcast media channels such as CNBC, CBS, PBS, and BBC. They have also given an extensive podcast interview that is available thru Art Tactic. Updated information about the indexes as well as media coverage can be found on the web site www.artasanasset.com .
The Mei Moses® indexes have also been positively received by both the finance and insurance industries as indicated by the following endorsements;
"AXA Art applauds the reliability of the Mei Moses® indices and their methodology. The Art As An Asset web site is a valuable resource to all collectors and others following the art market."
-Christiane Fisher, President, CEO AXA Art Insurance Corporation
"The Mei Moses family of fine art indices for the first time gives us the information that allows for the inclusion of art in asset allocation decisions. I was happy to include their results in my most recent books titled, the Art of Asset Allocation and Mastering the Art of Asset Allocation, published by McGraw-Hill.
-David M. Darst, CFA, Chief Investment Strategist
Morgan Stanley Global Wealth Management
"Professors Mei and Moses have transformed the analysis of art as an asset class. Their independent research is an invaluable tool for collectors, bankers, appraisers, wealth managers, and insurers."
-Andrew Augenblick, President of Emigrant Bank Fine Art Capital, LLC
The research is based on a proprietary set of over 30,000 repeat sale pairs of art objects that have sold at auction more than once. In addition to World All Art Indexes it tracks seven important collecting categories: American Painting before 1950, British Painting after 1950, Impressionist and Modern Paintings, Latin American Works of Art, Old Master and 19th Century Painting, Post War and Contemporary Painting, and Traditional Chinese Works of Art. The resulting art indexes can be compared to financial indexes to investigate relative financial performance and can be used to determine the relative performance of various top selling artists. The indexes can also be used to undertake wealth management portfolio optimization studies that include art and create “mark to market” art valuations. The data can also be used to answer questions about the role of purchase price, artist quality, citations and exhibitions, overpayment and overbidding, and holding period on returns. The latter information can only be derived form a repeat sale database and is thus unique to Beautiful Asset Advisors® LLC.
Ongoing research at Beautiful Asset Advisors® LLC involves; pricing the priceless, predicting success and failure in the New York auction market for Impressionist and Modern Paintings, strengths and weaknesses of various art index methodologies, why the fascination with masterpieces, and is loss aversion pervasive in the art market.