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Diego Rivera, Seated boy in green background​, 1938

Asset value
446.450 €
Issue price per Splint
50 €
Total number of Splints
8.929
Investment horizon in years
2 to 4
Return-to-Risk Assessment
8/10
Since launch July ‘25
+0.0%

Main reasons to invest

  • Return Potential📈: An investment of 500 EUR could reach an estimated value of 904 EUR in 4 years.

  • Cost-to-Return Ratio⚖️: With just 1.3% annual total costs (July / August releases with no exit fees), your net profit could be 16.0% per year.

  • Institutional Demand 📈: Rivera’s works are continuously acquired by top museums like MoMA and the Museum of Fine Arts Houston, which recently paid over five times the estimate for one of his paintings. As demand grows and murals remain immobile, rare, smaller-scale works—especially his emotionally resonant child portraits—offer strong institutional appeal and long-term investment potential in the rapidly maturing Latin American art market.

Description

Investment Thesis 📝
Strong Return Opportunity Backed by Institutional Provenance
This investment targets a 4-year horizon, leveraging robust historical sales and performance data for Diego Rivera’s rare, signed portraits of children.

Balanced Scenario (CAGR, 2025–2029):
→ €807,881 | CAGR: 16.0% p.a. (net, after fees)
Optimistic Scenario (CAGR, 2025–2029):
→ €1,237,212 | CAGR: 29.0% p.a. (net, after fees)

The projected net ROI per annum is 16.0%, with an 80% probability based on Rivera’s 2011–2019 CAGR of 13.3%, and a 20% chance of achieving 32.4% CAGR from 2011–2016. The investment yields a Sharpe ratio of 0.74, signaling strong risk-adjusted returns driven by sustained demand for Rivera’s emotionally rich, culturally important child portraits.

Risk Profile and Volatility Benchmarking
- Risk modeling based on the Artprice 100 index and comparable artists shows a standard deviation of 20.2%.
- Value at Risk (VaR): There is a 95% probability the asset’s value will exceed €455,100 after 4 years, offering robust downside protection.

Attractive Entry with Validated Fair Value
The total acquisition cost of €446,450 reflects a 25.3% discount to fair value (based on inflation-adjusted sales of comparable Rivera works). 

Art Historical Importance and Rarity
Diego Rivera is globally recognized as a key figure in 20th-century modernism. This signed, unique 1938 oil portrait (55.8 × 46.9 cm) is part of his emotionally focused series on children. Rivera’s child portraits are rare and deeply valued, and this asset’s combination of financial upside and historical prestige enhances its appeal.

Interesting Facts
- Painted in 1938, marking Rivera’s turn from murals to intimate portraiture
- Unique, signed 55.8 × 46.9 cm oil on canvas—no editions exist
- Depicts working-class/indigenous children, echoing post-revolutionary values
- Provenance includes Mexico City, Houston, Los Angeles, and Europe
- Similar child portraits have reached auction prices up to $5.5 million
- Rivera co-signed the 1938 Manifesto for Independent & Revolutionary Art
- Collected by MoMA, MFA Houston, and major institutions globally
- Celebrated for emotional depth, technical mastery, and social narrative
Exit Options at Maturity 🚪
We will manage the exit strategy in collaboration with our expert Artemundi on behalf of our investors. The painting may be sold to a private collector or through auction, depending on prevailing market conditions. An auction is chosen if pricing matches or exceeds fair value and buyer demand is high. We will select the option that maximizes investor returns.
Why Invest in This Category? 🎨
For centuries, art has been collected for emotional, political, and cultural reasons—alongside its economic value. Investing in iconic mid-career or historical artists blends personal significance with clear financial opportunity.
Why Invest in This Asset? 💎
While Diego Rivera is best known for his monumental murals chronicling Mexico’s revolutionary spirit and social struggles, his portraits of children reveal a quieter, more intimate side of his legacy. Painted with emotional depth and technical precision, these works offer a deeply personal counterpoint to his public frescoes. Rivera often depicted working-class or indigenous children, channeling his political ideals into poignant expressions of innocence, dignity, and hope. In the aftermath of the Mexican Revolution, he saw children as the embodiment of a better future—"They represented the promise of a new country," he once remarked.

One such work, Seated Boy, reflects this powerful sentiment. Composed with minimalist grace, the portrait evokes the sacred stillness of Mexican retablos, emphasizing restraint over grandeur. Painted in 1938, during a calmer period in Rivera’s life, Seated Boy belongs to a rare group of works where Rivera turned away from grand public commissions to focus on personal, reflective pieces. At the time, he had just reconciled with Frida Kahlo and, after controversy over his Rockefeller Center mural, was revisiting the human stories at the core of his ideology.

These children portraits are increasingly sought-after. Recent auction results confirm growing demand: Rivera’s La ofrenda de Janitzio sold at Christie’s for $5.5 million, while La Bordadora fetched over $4 million when it sold to the Museum of Fine Arts Houston—more than five times its estimate. Rivera’s The Rivals (1931) held the record for most expensive Latin American artwork at $9.7 million until Frida Kahlo’s Diego y Yo (1949) shattered it with a $34.9 million sale, underscoring the accelerating momentum in the Latin American art market.

Rivera’s influence, both artistic and political, shaped generations of creators and continues to resonate across major institutions. The Museum of Modern Art (MoMA) in New York hosted his first U.S. exhibition in 1931 and still holds several of his works on paper. Important private collections, such as the Bernard and Edith Lewin Collection, recently contributed works to LACMA, further affirming institutional commitment to Rivera’s oeuvre.

Today, scarcity and the immobility of his murals drive growing attention to Rivera’s smaller-scale works—especially his portraits of children. These pieces not only offer a more accessible entry point for collectors but also embody the emotional and ideological heart of Rivera’s practice. They are testaments to his belief in the humanity of the overlooked and the revolutionary potential of art rooted in empathy.
Conclusion 🎯
This Rivera offers a rare alignment of art historical significance, pristine condition, and a 25.3% valuation discount. Supported by a 16% CAGR projection and high institutional demand, this asset blends emotional power with sound financial rationale—positioning it among the most compelling opportunities in modern art.

Expert

Artemundi

Since our foundation in 1989, Artemundi has evolved into an industry-leading art investment company with thousands of successful transactions and over a billion dollars managed in art. Artemundi is the trusted advisor of Spectrum Utilis, S.L.

Additional details

Asset ID
2db846fd-4646-45da-bab5-38b5f935ef5c
Name
Seated boy in green background​
Artist
Diego Rivera
Publication year
1938
Size
55.8 x 46.9 cm
Number of editions
Unique
Signature
Signed and dated upper left ‘Diego Rivera XXXVIII’
Material
Oil on canvas

Documents

Aurelio Image CEO

Aurelio

CEO & Co-Founder