The invention relates to a security element (12) for securing value objects, with a thin film element (22) with color shift effect; a semitransparent ink layer (34), which is disposed on top of the thin film element (22) in first zones (30), wherein the color impression of the thin film element (22) is coordinated with the color impression of at least one subzone of the semitransparent ink layer (34) when viewed under predefined viewing conditions; and a transparent phase delay layer (36), which is disposed on top of the thin film element (22) in second zones, and which forms a phase-shifting layer for light in the visible wavelength range.