Artemundi

Mark your calendars for the upcoming dates and times of New York's Marquee Sales Week, the final auction event of 2024. As usual, we’ll share a detailed expert report with the results once finalized. November 18 Sotheby's A Legacy of Beauty: The Collection of Sydell Miller Evening Sale. 6 pm Sotheby's Modern Evening Sale. 7 pm November 19 Sotheby's A Legacy of Beauty: The Collection of Sydell Miller Day Sale. 9 am Sotheby's Modern Day Sale. 11 am Phillips Modern & Contemporary Art Evening Sale. 5 pm Christie's: The Collection of Mica Ertegun (I). 7 pm Christie's 20th Century Evening Sale. 8 pm November 20 Christie's: The Collection of Mica Ertegun (II). 10 am Phillips Modern & Contemporary Art Day Sale, 1/2. 10 am Christie's Impressionist & Modern Works on Paper Day Sale. 11 am Christie's Impressionist & Modern Art Day Sale. 2 pm Phillips Modern & Contemporary Art Day Sale, 2/2. 2 pm Sotheby's The Now & Contemporary Evening Sale. 7 pm November 21 Sotheby's Contemporary Day Sale. 10 am Christie's 21st Century Evening Sale. 7 pm November 22 Christie's Post-War & Contemporary Art Day Sale. 10 am & 2 pm 📸 Franz Marc, 'Das Lange Gelbe Pferd (The Long Yellow Horse)', 1913. To be auctioned at Sotheby's Modern Evening Auction. Estimate: 8,000,000 - 12,000,000 USD #ArtMarket #MarqueeSalesNY #AuctionsNY

Proudly announcing the successful sale of Salvador Dalí’s ‘The Mill Tower ‘(1977), offered as a fractional investment in September 2023. Initially projected to yield between 10% and 14% per year over a 2–4-year investment horizon, it has achieved a 15.6% return on investment (ROI) after holding the asset for just over a year. Leveraging its expertise and ongoing market analysis, Artemundi recognized that this was the ideal moment for an exit. This successful sale underscores the strength and consistency of Artemundi's investment strategy, prioritizing stable and reliable returns through fractionalized ownership of 20th-century masterpieces. If you are interested in fractional investments in art, you can check our currently available assets at the Splint Invest app. #ArtInvestment #FractionalOwnership #ArtMarket

The 2024 Art Basel and UBS Survey of Global Collecting highlights essential trends shaping the art investment market. Global art sales saw a 4% decline in 2023, with a notable reduction in high-end transactions that previously bolstered growth. Spending among high-net-worth individuals (HNWIs) also dropped by 32%, particularly among millennial buyers, while interest in works on paper grew by 33%, alongside a focus on emerging artists, which accounted for 52% of HNWI expenditures. Mainland China led in art spending, with a median outlay significantly higher than other regions. Additionally, art’s role as an investment asset remains strong, with 24% of acquisitions financially motivated. Given HNWIs' preference for personal advisors (46%) over technology, this insight underscores the value of expert guidance in collection management. It should be considered that the report’s 2024 data, collected mid-year, doesn’t capture the momentum from recent auctions, suggesting the year may end stronger than initial figures suggest. While high-net-worth collectors' strategies show little innovation, relying on familiar channels and mediums, there’s a consistent, steady approach to acquisitions, albeit with a more measured pace. This consistency, combined with hints of positive late-year momentum, positions 2024 as a potentially stronger year for the art market than 2023. Full report here: https://lnkd.in/enuKAm9y #ArtMarket #ArtMarketReport #ArtCollectors

Last week, Christie’s, Sotheby’s, and Phillips returned to their ‘mid-term’ London auctions of 20th and 21st-century art. Held during London’s Frieze art fair, the auctions saw a special emphasis on Post-War and Contemporary artists. Does the return of the October sales series, which had been suspended in the last years, mean an end to the market contractions felt in the last year? Compared to the London March and June auctions, last week’s result may indicate a timid “yes”. Read the full report about the London auctions week here: https://lnkd.in/df4CD4ci #LondonAuctions #ArtMarket

Since 1989, Artemundi has successfully managed co-investment services: a business arrangement in which two or more parties agree to pool their resources to purchase one or more artworks recommended or previously owned by us. As co-investors, clients acquire a co-ownership share in these artworks. Participation in this model can bring investors returns between 6 and 16% per annum, with a horizon of 6 months to 3 years, depending on the case. It is open to qualified investors, regardless of their nationality or country of residence –except sanctioned countries–.  Co-investment opportunities will be presented to a selected group of interested clients only. So, if you would be interested in a potential participation when the opportunity arises, please let us know at coinvest@artemundi.com.

The London auctions week is approaching, making its return this October after years of absence. Mark your calendars with the following dates and times to stay informed on the key auctions and, as always, we will provide an expert analysis of the results following the events. October 9: Christie’s Impressionist & Modern Art Works on Paper Day Sale, 10 AM BST Christie’s 20th/21st Century Evening Sale, 5 PM BST Sotheby’s Contemporary Art Evening Sale, 7 PM BST October 10: Christie’s Impressionist & Modern Art Day Sale, 10 AM BST Sotheby’s Contemporary Art Day Sale, 12 PM BST Christie’s Post-War & Contemporary Art Day Sale, 3 PM BST Phillips Modern & Contemporary Art Evening Sale, 5 PM BST October 11: Phillips Modern & Contemporary Art Day Sale, 11 AM BST 📸 David Hockney, 'More Woldgate Timber, October 13th 2009', 2009. To be auctioned by Christie's. #Auctions #ArtMarket #Hockney

This November, Christie’s New York will auction René Magritte’s 'L’empire des lumières', a 1954 painting expected to fetch over $95 million. This sale could set a new record for the Belgian surrealist. 'L’empire des lumières' is part of a series of 27 works that Magritte produced in the 1950s. These paintings feature the unsettling contrast between bright, daylight skies and shadowy, nighttime streets. This paradoxical imagery has made the series a significant point of reference in Magritte’s body of work, highly sought-after in the market. In 2022, Sotheby’s sold a painting from the same series for $79.7 million –the highest price ever paid for a Magritte at auction. Earlier in 2024, his canvas 'L’ami intime' sold for 39.2 million euros. With this upcoming auction, Magritte is poised to break another record. #Magritte #ArtMarket #ChristiesNY

Current trends suggest that we are transitioning to a buyer's market in the art world. This occurs when there is more supply—a larger number of artworks available for sale—than demand, often leading to lower prices or more favorable terms for buyers. Economic uncertainty, rising interest rates, and inflation are key factors driving this shift. For buyers, this environment can offer increased negotiation power, potential discounts, and more opportunities to acquire high-quality artworks at attractive prices. Sellers, however, may need to adjust their expectations and pricing strategies to navigate these changing conditions. Understanding these dynamics is crucial, whether you are looking to buy or sell art. Partnering with experts like Artemundi, who can provide informed guidance and strategic advice, is key to making successful art investments in a buyer’s market. 📸 Jean-Michel Basquiat, 'Portrait of the Artist as a Young Derelict', 1982. Sold by Sotheby's last June for the lower end of its estimate: £16 million. #BuyersMarket #ArtMarket #ArtAndFinance

Co-investments are business arrangements in which two or more parties agree to pool their resources to purchase one or more artworks recommended or previously owned by the entity who offers this service. As co-investors, clients acquire a co-ownership share in these artworks. This investment modality is available under both “equity” and “debit” structures: Equity co-investment offers the highest risk and return profile, with average returns of 14-18% per annum. The co-investor’s equity remains on the books until the artwork is sold. In contrast, debit co-investment has the lowest risk and return profile, with average returns of 6-10% per annum. Here, Artemundi assumes liability and interest payments. Both investment types have a 1-3-year horizon and do not provide shares of the company. https://lnkd.in/dpxZH5nf #ArtInvestment #Investment #FinanceInnovation

Almost sold out! Our fractional ownership opportunities of artworks by Dalí and Picasso have only a few splints left available. Salvador Dalí's 'End' (1952) is a rare, newly available work. Centered around a meticulously rendered skull with the word “FiN,” the artwork explores mortality and symbolism. Its scarcity and connection to Dalí’s only novel enhance its appeal and potential long-term value. Pablo Picasso's 'The Painter III' (1970) offers a unique view into the master’s creative process. This artwork follows the sell-out success of 'The Painter II', providing investors a second chance to co-own a Picasso. Picasso’s works are highly sought after, consistently commanding high prices and solidifying his status as a valuable addition to any investment portfolio. Learn more about these investment opportunities by downloading the Splint Invest app: - Dalí, 'End': https://lnkd.in/dsUccf2j - Picasso, 'The Painter (III)': https://lnkd.in/dzS2Tiqk