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304 Karolina Górnik

The rangę of private banking services is wide and typically consistent with the intemational standards in the field (in proportion to local realities). The standard offer of private banking includes such services as: current accounts (of varied form and currency), credit and debit cards (issued by all major providers in gold and platinum standard, as well as co-branded and affinity cards, which are typically accompanied by insurance and privilege packages, such as Priority Pass, Priority Traveller, Executive Club Intemational), fixed-term deposits (in yarious forms, also in combined packages, such as: dual currency deposits, simple investment deposits tied to Capital markets, and structured deposits of greater complexity), credits and loans (investment loans, mortgage), foreign currency transactions, brokerage transactions (domestic and foreign securities, both debt and eąuity, including EU bonds of both priyate and public issuers, municipal bonds, company bonds), transactions on the fmancial market of securities (treasury bills, short-term commercial papers), transactions on derivatives’ market, asset management (large selection of standard and indiyidual strategies, also with blind portfolio products), inyestment consultancy, inyestment fund units (share, bond, mixed, monetary market), property inyestment funds, retirement plans, insurance products and others (such as, deposit boxes, hedge fund inyestments, traveler’s and cashier’s cheąue trade). The associated products and seryices also include the elements of non-financial benefits, such as real estate inyestments through property funds, elements of art banking, partnership programs and concierge programs [Dziawgo 2006, pp. 215-216],

One particularly interesting group of fmancial products is art banking - the system of comprehensiye and individualized seryices for art trade and art collection. The art banking idea reaches far beyond straightforward surplus asset inyestment in arts for the affluent segment. Banking representatives in this respect offer support in defining, initiating, and developing a strategy for art collection, tailored to the indiyidual preferences, interests, philosophy, and taste of the customer. A close co--operation between a bank and a client in the field of arts creates a specific and strong relationship through mutual passion for a particularart [Piechaczek 2006], The Polish market of art is in the stage of development. As estimated by Wealth Solution, in the first quarter of 2008, the total tumover value of domestic auction market was in the rangę of 35 million PLN, with painting taking a predominant share. The most prominent arts market is Warsaw - with close to 95% of total tumover on the market. Art banking seryices are offered by Noble Bank, with the most active auction houses being: Desa, Rempex, Nautilus, and Desa Unicom [Opolski et al. 2010, p. 183],

At present, the Polish affluent segments takes preference for simple products and seryices. The results of studies carried out by BPS Consultants Poland show that HNWI in generał make most use of banking deposits (52%). This may indicate a relatively Iow propensity for risk and strong attachment to traditional saving strategies. The Iow share of inyestment funds in the structure of the liąuid assets of the domestic affluent segment suggests that the Polish HNWI segment is at the onset