As art does not generate any cash flow, its value is solely determined by demand and supply. One important aspect affecting demand is an artwork’s provenance. Having been part of a high-profile collection oftentimes has a positive impact on an artwork’s demand and therefore price. The De La Cruz collection that is going to auction now is a good example. Will these paintings trade at a premium due to their strong provenance? We will know soon… #diversification #alternativeassets #artinvestment #artinvesting
Miami's vibrant art scene mourns the loss of the esteemed Cuban-born philanthropist and contemporary art collector, Rosa de la Cruz. Several works from her extensive collection are set to be sold at Christie’s in a series of auctions starting with the illustrious New York evening sales this week. Read our short report on the De La Cruz Collection and several of the highlights headed for the auction block. #arteducation #artinvestment #bluechipart #artauctions
Thanks for sharing Pascal Schneidinger, CFA. Art as an asset class need expertise as Partasio team
Risk Manager 👉 Economic, Cyber and Financial Risk| Financial Crime Compliance | Climate Change Risk | Critical Infrastructure | ESG | Digitalization - AI as Support and AI Development 👍🏻
3moEin Milliardär sagte mir mal, dass Kunst in dieser Form nur als Geschenk einen Wert hat, ausser man verfällt der Sammlerleidenschaft, dann ist man in einen Kreis der (auser)gewählten Sammler die den Wert für sich definieren und bei Verfügbarkeit, bezahlen. Danke für den Beitrag. Kunst ist ein spezielle Form der Asset Protection. Gruss Christian