For centuries art was collected for its cultural, emotional, intellectual, political and economic value. 
 
Nowadays, collectors and investors turn to art for the benefits it offers such as asset protection, wealth preservation, portfolio diversification, low correlation with financial markets, profitability and other hedging possibilities in addition to its emotional and aesthetic qualities.

According to the Wealth Report 2023 of Knight Frank, the asset category art increased by 29% in 2022 and 91% over the last 10 years.

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Key factors for art as an investment:

Market Size 
The total market value of sales was estimated around $65 billion in 2021.&nbsp;

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Market Growth 
The $2.1 trillion global marketplace for art and collectibles will reach a forecasted $2,9 trillion by 2026.

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Trends 
Many auction houses and galleries shifted online. This has brought younger buyers to the market. Investors in general have increased their interest in art. As a result, the contemporary art market is setting a new trend for the future of art as an investment.

Name

Artist

Publication year

Size

Number of editions

Editionnumber

Signature

Material

Splint Invest Platform Fee 
Compensation for the tokenization of the assets, the maintenance as well as the further development of the application and the costs related to the research and maintenance of the expert network. 
 
External maintenance costs 
We are committed to providing the highest standards of storage, maintenance and insurance of your equipment on your behalf. The associated costs will be shared between the splint holders and included as an ongoing cost in relation to each asset. So if you own 1% of a bottle of an art piece, your splint account will be charged 1% of the associated costs. Further details and breakdowns are listed in the factsheet for each investment. 
 
Exit fee 
When you sell an investment, you will be charged a flat fee of 2% of the transaction volume. This includes our expenses for sales on the secondary market, our costs for maintaining this market and our organisation of an asset sale at the end of the contract.

"Considered one of the most iconic painters living and still creating today, David Hockney's oeuvre is characterised by a joyful radiance, with bright pop colours utilised to depict domestic and architectural landscapes, as well as portraits of friends and lovers. " - James Kerbey, Expert at Maddox Advisory. 
 
Who is David Hockney? 
Born July 9, 1937, Bradford, Yorkshire, England. Is one of the most influential British artists of the 20th and 21st centuries, known for his versatility across various mediums including painting, printmaking, photography, and stage design. He studied at the Bradford College of Art (1953–57) and the Royal College of Art, London (1959–62), where he received a gold medal in the graduate competition and rose to prominence in the 1960s as a leading figure in the British Pop Art movement. 
 
Exploration 
Much of Hockney’s subject matter was autobiographical, including portraits and self-portraits and quiet incidental scenes of his friends and his quarters. The casual elegance and tranquil luminosity of these pieces also predominated in his still lifes. 
Hockney’s exploration of photography in the 1970s resulted in creating photo collages known as "joiners" or "photomontages", these works, composed of multiple photographs stitched together, offered a unique perspective on the passage of time and space.. He published several series of graphic works in book form, including illustrations for Six Fairy Tales of the Brothers Grimm (1970) and The Blue Guitar (1977). Hockney also achieved international prominence as a stage-set designer for the opera and ballet. 
 
Interest in new technologies 
In 2010, David Hockney visited Yosemite National Park with a new Apple invention: the iPad. He was one of the first to recognize the device's potential as an artistic tool and used it to create the 26-piece Yosemite Suite while in the park. This demonstrated Hockney's status as a modern-era artist and established a unique and pioneering aesthetic in the Yosemite Valley. To this day, he remains a staunch advocate of technology as a tool in art. 
 
Popularity at auctions 
Hockney's autions market is the thrid largest among Pop Art founders, demostrated by the 2022 Phillips aution in London where 12 of hi works were sold, with 11 of them surpassing their high estimates by an impressive average of 30%. Another piece from "The Yosemite Suite" series achived exceptional results, selling for 182% above it's low estimate, securing its place as the fifth most expensive Hockney print to date. This year's autions activity reflects Hockney's enduring popularity, with an impressive 68.5% of his artworks offered auction surpassing their estimates.In his long career David has archived 360 Solo exhibitions since 1964, 1,163 group exhibitions since 1960 and is present in 72 Museum collections. 
On 15 November 2018, Hockney's 1972 work Portrait of an Artist (Pool with Two Figures) sold at Christie's auction house in New York City for $90 million, It broke the previous record and becoming the most expensive artwork by a living artist sold at auction. 
 
About "16th March 2021, Tulips in Cut Glass" 
Created in 2021, created during a period of global uncertainty and isolation, reflects Hockney's own experience of finding solace and beauty in the everyday objects and moments of domestic life. 
The piece captures a vibrant still life scene of tulips arranged in a cut glass vase. Hockney's use of bold, vivid colors and loose, gestural brushwork gives the painting a sense of liveliness and spontaneity. The tulips, rendered with energetic strokes, seem to burst forth from the vase, filling the composition with a sense of vitality and joy.

The price of 90,600 € includes the Splint Invest platform fee and external maintenance costs of 5,400 €. 85,200 € can be allocated to the asset. 
Platform Fee Splint Invest: Compensation for the tokenization of the assets, the maintenance as well as the further development of the application and the costs related to the research and maintenance of the expert network. 
External maintenance costs: Shipping, handling, 8&nbsp;years storage, and insurance.

Variable Costs

Hedley's, 3 St Leonard's Road, North Acton, London NW10 6SX

40738_Hockney_Tulips

While the FSTE 100 index has increased by 18% Hockney’s index has increased by 220% in the last decade.

Return

Hockney's auction market ranks third among Pop Art pioneers, as evidenced by the 2022 Phillips auction in London. Twelve of his works were sold, with 11 of them exceeding their high estimates by an impressive average of 30%.

Stability

The previous owner urgently needed liquidity, so we were offered this magnificent print by David Hockney at a price more than 25% below the current market value.

David Hockney, 16th March 2021, Tulips in Cut Glass

This year's auction activity highlights Hockney's lasting appeal, as an impressive 68.5% of his artworks offered at auction exceeded their estimated values. Throughout his extensive career, David has held 360 solo exhibitions since 1964, participated in 1,163 group exhibitions since 1960, and his work is featured in 72 museum collections.

Track Record

The art investment advisors of Maddox bring together years of specialist knowledge and practical experience with objective market analysis to offer their clients quality advice and consistent returns. 
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The art investment advisors of Maddox bring together years of specialist knowledge and practical experience with objective market analysis to offer their clients quality advice and consistent returns. 
 
Maddox is known for their sincere enthusiasm, critical thinking, innovative insights and global savoir-faire. A dedicated art advisor will start by understanding the particular goals, interests and passions, which will direct the individual investment path. 
 
The advisor will also account for the investments time frames, acquisition objectives, risk tolerance and personal preferences. Whether one is looking to acquire a Banksy or a Basquiat, a Haring or a Warhol, the team will make sure one finds the right artwork. 
 
From sourcing to selling, the advisor will always provide up-to-date and detailed market analysis and professional guidance throughout the process. Maddox will help to build an art portfolio, manage a collection, value it, decide on a holding period and exit strategy, and finally, make sure to get the most out of the investment.

Maddox Advisory

This is an investment opportunity where we have recalculated the expected performance given by the external expert (Maddox Advisory) and have thus verified that a positive return can be expected after deduction of all costs for storage and insurance.

Furthermore, we have verified the existence, the professional storage and the insurance of the artwork.

David Hockney, 16th March 2021, Tulips in Cut Glass

Asset's Life Cycle Details

Storage location

Asset ID

Token terms

Expert

Category

Status

Total number of Splints

Date of issuance (launch)

Issue price per Splint

Investment horizon in years

Time period for the divestment

Documents

Aurelio

Do you have questions?