Keith Haring, Untitled, 1985 (Part II)
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Main reasons to invest
Return potentialš: An investment of ā¬500 could reach an estimated value of ā¬946 in 4 years.
Cost-to-return ratio : After deducting 1.3% in annual total costs, your net return could reach 17.3% per year.
Resilient Market Recovery & Proven Demand š: Keith Haringās works on paper show strong stability, representing 24% of total sales but only 22% of auction turnoverāproof of sustained liquidity and accessibility. After aligning with broader market declines in 2023ā2024, the Haring market is rebounding, offering a promising 2ā4-year window for profitable exits.
Description
| Metric | Value |
|---|---|
| Investment Horizon | 2ā4 Years (target exit 2028ā2030) |
| Expected CAGR (Balanced) | 17.3% p.a. after fees |
| Ambitious CAGR | 23.4% p.a. after fees |
| Entry Basis | 21.7% below fair market value (pre-fees) |
| Sharpe Ratio | 0.82 (vs. SMI: 0.61) |
| Value at Risk (VaR) | 96.89% chance to exceed invested capital after 4 years |
| Standard Deviation | 19.6% |
| Risk Rating | A (9.2/10 - Low to Moderate Risk) |
- 2ā4 year horizon: Timed to benefit from the marketās recovery cycle and peak demand for Haringās works on paper.
- 17.3% CAGR (balanced): Reflects conservative growth based on comparable size-adjusted auction data since 2019.
- 23.4% CAGR (ambitious): Supported by strong entry discount and renewed global demand for blue-chip Pop Art.
- ~21.7% entry discount: Acquired significantly below comparable auction and gallery valuations, providing an attractive entry margin.
- Sharpe ratio 0.87: Indicates efficient risk-adjusted performance, outperforming the 5-year SMI benchmark.
- 96.89% VaR protection: Reflects high confidence in capital preservation over the planned horizon.
- Standard deviation 19.6%: Suggests controlled volatility relative to broader art market indices.
- Risk rating āAā: Exceptional balance between return potential, entry discount, and proven market stability.
Investing in blue-chip art such as Keith Haring offers exposure to stable, historically appreciating assets with global demand and limited supply. These works combine cultural relevance with proven market performance, often outperforming traditional investments during economic cycles while providing diversification, inflation protection, and enduring value anchored in artistic legacy.
This original work on paper embodies Keith Haringās instantly recognizable visual language and creative energy, capturing the raw immediacy that made him a defining voice of 1980s New York. Executed on an unconventional support, it reflects the artistās experimental approach and democratizing visionābringing art beyond gallery walls and into everyday life. Haringās works on paper occupy a crucial place in his oeuvre, bridging the spontaneity of his subway drawings with the compositional strength of his large-scale paintings. Demand for these works has grown steadily since 2000, with sales momentum accelerating after 2016. This sustained global interest is underscored by declining buy-in rates and increasing institutional representation, indicating strong liquidity and collector confidence.
Despite accounting for only 22% of Haringās total auction turnover, works on paper represent nearly a quarter of all salesāa sign of both accessibility and resilience. Their broad appeal, from seasoned collectors to emerging investors, offers portfolio diversification and exposure to a globally traded blue-chip artist.
Acquired at more than a 20% discount to comparable auction prices, this piece presents not only an art historical opportunity but also a value-driven entry point. With the Haring market recovering after recent art market slowdowns and projected to strengthen over the next two to four years, this acquisition aligns perfectly with a medium-term investment horizon, balancing cultural significance, scarcity, and financial upside.
Keith Haringās work combines cultural legacy, global recognition, and strong market fundamentals. This acquisition offers an exceptional balance of value, scarcity, and liquidity within a recovering blue-chip art segment. With proven historical resilience and significant entry discount, it represents a compelling short- to mid-term investment opportunity.
Expert
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.
