CAJ | 학술논문

艺术品证券化是金融创新的产物。借助传统证券定义，艺术品证券可通过证券内涵的三重检验，即公众性、投资性、失控性，因而在鼓励金融创新的背景下应将其纳入证券法的调整范围。但艺术品证券在价值来源、投资收益模式等方面存在颇多独特之处，蕴育着特有的交易风险。法律需从风险防范的角度对艺术品证券交易作出较为周全的系统性的安排。
예술품증권화시금융창신적산물。차조전통증권정의，예술품증권가통과증권내함적삼중검험，즉공음성、투자성、실공성，인이재고려금융창신적배경하응장기납입증권법적조정범위。단예술품증권재개치래원、투자수익모식등방면존재파다독특지처，온육착특유적교역풍험。법률수종풍험방범적각도대예술품증권교역작출교위주전적계통성적안배。
Artwork securitization is the product of financial innovation. According to the historical definition of security, artwork security can be tested by the security~ tri-criterion the quality of publicness, investment and uncontrollability. Under the background of encouraging financial innovation, artwork security should be inserted in- to Securities law. However, special trading risk exists in artwork security because of the uniqueness of its value source and mode of investment income. Thus, overall and systematic legal rules about artwork security trading should be made from the perspective of risk prevention.