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Konstantino Dregos, Cleave (Dyptich), 2021

Asset value
52.700,00 €
Earning potential
20.2%
Splints left
1.054/1.054
Investment horizon in years
2-4
Return-to-Risk Assessment
6/10
Performance since release
+0.0%

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Main reasons to invest

  • Return Potential: An investment of €500 could reach an estimated value of €1,044 in 4 years.

  • Cost-to-Return Ratio: With just 3.4% annual total costs, your net profit could be 20.2% per year.

  • Emerging Artist: Cleave (2021) reflects Dregos’ signature “objecthood” approach and institutional momentum, positioning this specific work to benefit from rising demand for concept-driven contemporary paintings and a 25.4% discount after fees.

Description

Investment Case
Investment Thesis
 
Metric Value
Investment Horizon 2–4 Years (Target exit: 2028–2030)
Expected CAGR (Balanced) 20.2% p.a. after fees
Optimistic CAGR 29.2% p.a. after fees
Entry Basis -25.4% discount to market after fees
Sharpe Ratio 0.7
Value at Risk (VaR) 86.2% probability of exceeding initial investment after 4 years
Standard Deviation 31.0%
Number of Sales Points 11 main comparables
Risk Rating B, Moderate to High (emerging artist, limited liquidity)
  • 2–4 Year Horizon: Planned exit between 2028 and 2030 to capture continued growth in Konstantino Dregos' market presence and institutional recognition.
  • 20.2% Net ROI p.a. (Balanced): Based on a probability-weighted scenario using comparable sales data for similar contemporary abstract works and emerging artist trajectories.
  • 29.2% Net ROI p.a. (Optimistic): Reflects a stronger upside scenario supported by the artist's growing institutional profile, recent ICA Miami presentation, and strong collector demand for process-driven abstraction.
  • ~25.4% Discount to Market: Entry pricing was verified significantly below current market value after fees, supporting an attractive acquisition basis.
  • Sharpe Ratio of 0.7: Indicates a solid risk-adjusted return profile relative to expected appreciation, comparing favorably to the SMI's five-year Sharpe ratio of 0.6.
  • VaR 86.2%: Modelled probability that the asset value exceeds the initial investment after four years, demonstrating strong downside protection.
  • Standard Deviation (31.0%): Reflects moderate to high volatility typical of emerging contemporary artists with growing institutional recognition and limited transaction frequency.
  • 11 Main Comparables: The investment case benefits from a solid dataset of comparable sales, providing confidence in valuation methodology and growth assumptions.
Category
Why Invest in This Category?
 
Contemporary art has shown consistent long-term appreciation driven by cultural relevance, growing global collector bases, and strong institutional demand. When an artist gains museum recognition and gallery representation at the upper tier, early works often experience accelerated value growth. High-quality unique paintings by rising contemporary artists offer a blend of scarcity, narrative depth, and market momentum – especially when pricing sits below current gallery benchmarks.
Asset Specifics
Why Invest in This Asset?
 

Konstantino Dregos' "Cleave (Diptych)" (2021) represents a compelling entry point into the work of a Berlin-based artist whose practice bridges rigorous conceptual inquiry with material abstraction. Dregos, born in Athens in 1977, has built a disciplined body of work rooted in philosophy, language, and process, earning institutional recognition including a 2025 solo presentation at the Institute of Contemporary Art, Miami, and a major 2022 exhibition at Megaron, The Athens Concert Hall.

Key Highlight
This work is acquired at a 34.4% discount to market prior to fees, offering exceptional value for a museum-quality piece by an artist with growing international visibility and a documented CAGR of 40.0% from June 2018 to October 2025.

"Cleave (Diptych)" exemplifies Dregos' signature approach: geometric forms, fragmented text, and gestural marks that oscillate between order and rupture. The two-panel composition balances a black square and partial circle on the left with a red box-like form and scribbled text on the right, all set against a muted blue ground. It is structured yet human, deliberate yet provisional.

The investment case is strengthened by Dregos' institutional trajectory, his philosophical rigor, and the scarcity of available works from this period. With trusted expert validation from Maddox Advisory and a realistic annual yield projection of 20.2%, this piece offers exposure to a mid-career artist whose market is expanding steadily across Europe and North America.

For investors seeking contemporary art with intellectual depth, institutional credibility, and disciplined entry pricing, "Cleave (Diptych)" delivers a rare combination of aesthetic substance and financial opportunity.

Summary
Conclusion
 
Konstantinos Dregos' Cleave (Diptych) combines philosophical rigour, material inquiry, and institutional recognition. As a 2021 work by a Berlin-based artist with growing international visibility and recent ICA Miami presentation, it offers strong collectible appeal. Its conceptual depth, proven track record, and position within contemporary abstraction make it a compelling long-term investment for discerning collectors.

Expert

Maddox Advisory

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.
 

Additional details

Asset ID
1df35832-49f9-48b9-b25a-24eea2e6c7b0
Name
Cleave (Diptych)
Size
150 cm x 300 cm
Material
Paint, chalk, charcoal, marker, paper, collage on canvas
Publication year
2021
Artist
Konstantino Dregos
Number of editions
Unique
Signature
Signed by the artist

Documents

Aurelio Image CEO

Aurelio

CEO & Co-Founder

Konstantino Dregos, Cleave (Dyptich), 2021