Rudolf Stingel, Untitled, 2009

Valuation Summary 📝

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To ensure the competitiveness of the investment, we conducted a thorough verification of the purchase price by analyzing recent private market and auction transactions. Our analysis confirmed that the price offered, inclusive of all associated fees, is highly competitive. To estimate the potential ROI, we used the annualized price increases of the Artprice Index of Rudolf Stingel over the past 21 years. For our conservative scenario, we assumed the value of the painting would grow at the rate of Swiss inflation, reflecting a defensive approach. In the balanced scenario, we assume a 40% probability of realizing a 19.1% (CAGR of the past 21 years Artprice artist index) annual return for the next 5 years. Finally, in the ambitious scenario, we assume a 90% probability of realizing a 19.1% (CAGR of the past 21 years Artprice artist index) annual return for the next 5 years. These potential returns over the next five years, under both the balanced and ambitious scenarios, are further enhanced by the 45% discount at which this work is offered compared to the current gallery price for similar-sized paintings.

Exit Options at Maturity 🚪

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We will manage the exit strategy in collaboration with our expert Artemundi on behalf of our investors, ensuring the best possible outcome based on market conditions at the time. Depending on the prevailing market situation, the asset will be sold to a private collector or offered as single lots at an auction for contemporary art. An auction is considered if the price has developed to the point where the minimum bid matches the market value and there is high demand for works by the artist. Both options are carefully considered, and we will choose the one that maximizes the return for our investors.

Why Invest in This Category? 🎨

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For centuries, art was collected for its cultural, emotional, intellectual, political, and economic value. Investing in a mid-career artist offers a mix of financial potential and personal satisfaction, making it an appealing option for both new and seasoned collectors.

Why Invest in This Asset? 💎

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Rudolf Stingel’s Untitled (2009) is not merely a painting—it is a pinnacle work from one of the most revered living artists. Measuring an imposing 241.3 x 193 cm, this oil on canvas from Stingel’s most desirable creative period exemplifies his signature visual language: monochromatic surfaces that shimmer with ornamental detail and challenge the boundaries between fine art and conceptual vision.

The black-and-grey Rococo-inspired pattern evokes both grandeur and decay, a visual meditation on memory and time. Signed and dated on the reverse, this unique work has proven provenance—having passed through prestigious hands including Paula Cooper Gallery and a high-caliber private collection—further reinforcing its value.

Stingel’s works are globally institutionalized, with pieces housed in the MoMA, Tate Modern, Centre Pompidou, and Fondation Beyeler. This level of museum support underpins long-term market strength and trust. His paintings account for 86% of his $243M USD auction turnover since 2000, with over 90% of that generated in the last 15 years, underscoring continued and growing demand.

This specific piece sits within the stylistic and market sweet spot. The 2006–2015 period represents Stingel’s highest-value years, nearly doubling his average sales price to $1.1M. Comparable large-scale works in black tones have recorded a 33% increase sale-to-sale since 2012.

Through its historical relevance, technical mastery, and rarity, Untitled offers investors a museum-grade work from a critically acclaimed artist, acquired below current market comparables and poised for significant long-term appreciation.

Context in Time ⏳

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This 2009 painting reflects the peak of Rudolf Stingel’s artistic maturity and market value. The late 2000s were a defining era for his oil-on-canvas works, many of which are now held by top museums. Institutional focus on artists blending classical influence with conceptual depth continues to intensify. With Stingel already canonized by elite collections, this artwork is positioned at the convergence of critical and commercial relevance.

Conclusion 🎯

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Rudolf Stingel’s Untitled (2009) offers a rare opportunity to own a museum-grade masterpiece at below-market pricing. With elite provenance, institutional backing, and market data pointing to strong appreciation, this asset represents both cultural prestige and financial potential—an exceptional entry into blue-chip contemporary art collecting.