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.

&nbsp;

Key factors for art as an investment:

Market Size 
The total market value of sales was estimated around $65 billion in 2021.&nbsp;

&nbsp;

Market Growth 
The $2.1 trillion global marketplace for art and collectibles will reach a forecasted $2,9 trillion by 2026.

&nbsp;

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

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.

Who is George Condo?

Was born in 1957 in Concord, New Hampshire, USA. He pursued his education at the University of Massachusetts Lowell, where he studied art history and music theory. During his early years, Condo was deeply involved in music, studying guitar and music composition alongside his passion for painting and drawing.

Style 
Painter George Condo populates his canvases with a parade of grotesques; his figures’ bulging eyes, bulbous cheeks, proliferating limbs, and fractured faces evoke the allure and abjection of a carnival. Condo takes inspiration from artists including Pablo Picasso, Diego Velázquez, Henri Matisse, and Cy Twombly, integrating tenets of abstraction into a practice that ranges from macabre portraiture to more geometrical, less representational compositions. Condo has referred to his surrealistic style as “psychological cubism,” which attempts to capture a subject’s multiplicity, and as “artificial realism” that others a simulated, distinctly American take on European art history.

Commissions 
For book covers, such as Jack Kerouac's Book of Sketches. In 2010 Condo collaborated with rapper Kanye West and created a series of paintings for West's album My Beautiful Dark Twisted Fantasy and various singles. That same year, Condo released a t-shirt with Adam Kimmel for Barneys New York. Condo's work has also been featured on the covers of the Phish album The Story of the Ghost (Elektra, 1998), Danny Elfman's Serenada Schizophrana (2006), among others. Most recently, Condo painted an abstracted portrait of the opera countertenor Anthony Roth Costanzo for the cover of his first album ARC, released in 2018 by DeccaGold and featuring recordings of works by Philip Glass and George Frideric Handel. In 2020, Condo collaborated with rapper Travis Scott and created the artwork for Scott's single "Franchise".

Exhibitions 
Today, his work sells for more than $6 million at auction.

2005 
The Museum der Moderne Salzburg and Kunsthalle Bielefeld co-organized the exhibition George Condo: One Hundred Women, curated by Dr. Thomas Kellein. The exhibition was accompanied by a monograph featuring essays by Margrit Brehm, Stacey Schmidt, and Kellein.

2009 
The Musee Maillol, Paris, organized the exhibition George Condo: The Lost Civilization featuring paintings, drawings, and sculpture created between 2003 and 2008. The monograph published by Gallimard in conjunction with the exhibition featured new writings on the artist's work by Didier Ottinger, Bertrand Lorquin, and Massimiliano Gioni, as well as a reprinting of Felix Guattari's original text from 1990.

2011 
The New Museum in New York City opened a mid-career retrospective of Condo's work titled Mental States. This watershed exhibition was critically acclaimed by Holland Cotter of The New York Times as "sensational". The show traveled to Museum Boijmans Van Beuningen in Rotterdam, the Hayward Gallery, and the Schirn Kunsthalle Frankfurt.

2013 
Condo's large black-and-white banner featuring a court jester was installed on the façade of the Metropolitan Opera House, advertising the Met's new production of Verdi's Rigoletto. In 2016 the Berggruen Museum in Berlin honored Condo with the exhibition George Condo. Confrontation.

2017 
The Phillips Collection in Washington, D.C., presented George Condo: The Way I Think, 1962 - 2017. The exhibition is a major survey of Condo's drawings and "drawing paintings" that will travel to the Louisiana Museum of Modern Art in Humlebæk, Denmark, in the fall of 2017.

Collections 
Condo's work is in the permanent collections of several New York museums, namely the Museum of Modern Art, the Whitney Museum, the Metropolitan Museum of Art, the Albright-Knox Museum, the Corcoran Gallery of Art, Washington D.C., and the Broad Foundation, Los Angeles, among other American and European museums and public collections.

<hr align="center" size="2" width="100%" />
For the sale, the following two options are being considered:

<ul>
	<li>Private Sale: The three prints will be offered directly to private collectors of Condo's works. The fact that all prints share the same edition number increases their attractiveness to collectors.</li>
	<li>Auction: The three prints will be offered as individual lots at an auction for contemporary art. This option will be considered if the price has developed to the point where the minimum bid meets the market value and the demand for prints by contemporary artists is high.</li>
</ul>

The price of 57,700 € includes the Splint Invest platform fee and external maintenance costs of 4,650 €. 53,050 € 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, 4 years storage, and insurance.

Variable Costs

Cadogan Tate, 239 Acton Lane, London, NW10 7NP, United Kingdom

40783_George Condo

Today, his work sells for more than $6 million at auction.

Over the past two decades, art has consistently outperformed traditional asset classes such as the S&amp;P 500 and the FTSE 100 in terms of investment opportunities.

Return

As with any investment, the value of an artist's work is significantly influenced by its demand. George Condo's art has seen a notable increase in popularity and demand over the years. His exhibitions consistently attract large audiences, and his pieces often fetch high prices at auction houses globally.

Stability

Release: 09, August&nbsp;2024 - 09 AM CEST 
 
George Condo's art has seen a notable increase in popularity and demand over the years. His exhibitions consistently attract large audiences, and his pieces often fetch high prices at auction houses globally.

George Condo Portrait and Head / Lost in Time / Prismatic Head Composition, 2024

Painter George Condo fills his canvases with grotesque figures, featuring bulging eyes, bulbous cheeks, multiple limbs, and fractured faces, reminiscent of a carnival. Drawing inspiration from artists like Picasso, Velázquez, Matisse, and Twombly, Condo blends abstraction with styles ranging from macabre portraits to geometric compositions. He describes his surreal style as “psychological cubism” and “artificial realism,” offering an American perspective on European art history.

Track Record

TGB London Limited, founded in 2016 by Simon Portlock and Bradley Ridge is an art advisory and brokerage company. Leveraging the expertise of Simon and Bradley in the contemporary art market, TGB specialises in guiding collectors to curate world-class art collections. With a commitment to excellence, TGB provides unparalleled insights and support to art collectors ensuring the creation of exceptional and noteworthy collections.

Founded in 2016 by dedicated art enthusiasts and collectors, Simon Portlock and Bradley Ridge , TGB London Limited is an art advisory and brokerage company. Leveraging the extensive expertise of Simon and Bradley in the contemporary art market, TGB specializes in guiding collectors to curate world-class art collections. With a commitment to excellence, TGB provides unparalleled insights and support to art collectors, ensuring the creation of exceptional and noteworthy collections. 
 
TGB London Limited has built a diverse client base, extending its services to museums, institutions, corporates and high net worth individuals. The company's success is underscored by its ability to cater to the unique needs and preferences of each individual client, establishing itself as a trusted resource in the art world. This broad clientele speaks to TGB's versatility and proficiency in navigating the dynamic landscape of contemporary art, offering a personalised approach to art advisory that resonates with collectors from various backgrounds. With a focus on building lasting relationships, TGB London Limited continues to be a go to destination for those seeking expert guidance and service in curating remarkable and enduring art collections.

TGB London Limited

Bradley Ridge, a devoted art collector, began his journey in the late 90s while pursuing art in Bristol. Introduced to Urban Art, he immersed himself, building connections with artists and collectors. Bradley has fostered a robust network of collectors and clients who value his advice and expertise. He sources artworks from blue-chip artists and emerging talents. Bradley's passion evolved into a profession, establishing him as a go-to resource in the art world. His collaboration with Simon, born from a shared love for Banksy, led to the creation of TGB Contemporary, turning their hobby into a thriving business.

This is an investment opportunity where we have recalculated the expected performance given by the external expert (TGB London Limited) 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.

George Condo Portrait and Head / Lost in Time / Prismatic Head Composition, 2024

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?