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.

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Key factors for art as an investment:

Market Size 
The total market value of sales was estimated around $65 billion in 2021.&nbsp;

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Market Growth 
The $2.1 trillion global marketplace for art and collectibles will reach a forecasted $2,9 trillion by 2026.

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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 Marc Chagall? 
Chagall's Artistic Journey 
Marc Chagall, born in 1887, emerged as a prominent 20th-century artist with a unique interpretation of contemporary artistic movements. His hometown, Vitebsk, now in Belarus, deeply influenced his art, portraying his rural roots and family life. 
 
Family and Harmony in Chagall's Works 
Chagall's harmonious compositions capture the innocent love within his family, especially scenes of his idyllic family life. Ranked 23rd in the Artprice Global index, Chagall stands among the top-selling and profitable artists, reinforcing the stability of his market and investment appeal. 
 
The Artistry of Love and Loss 
Chagall's masterpiece "Les Amoureux" symbolizes his loves: childhood sweetheart Bella Rosenfeld and France. Love for Bella, his artistic muse, is evident in every painting, reflecting a deep connection. Bella's death led to a profound bond with their daughter Ida, depicted in "The Sleep of Love." 
 
Chagall's Masterful Use of Color 
Chagall's mastery of color drew praise from Picasso, emphasizing his unique understanding of color. "Les Amoureux" became the most expensive Chagall work, selling for $28.4 million in 2017. His use of green symbolizes nostalgia and the spiritual elements in his life. 
 
Why The sleep of love (Le sommeil amoureux)? 
Chagall's Legacy and Investment Value 
Chagall's art remains a wise investment, with works like "Les Amoureux" boasting an annualized ROI of 11.12%. The paintings not only preserve Chagall's artistic legacy but also offer financial gains, reflecting his enduring impact on the art world. 
 
Chagall's Diverse Techniques 
Chagall's artistic diversity shines as he embraces gouache and pastel, with a significant portion of his work crafted on paper, showcasing his versatility and innovation. 
 
Chagall's love for paper 
Chagall embraced the technique of gouache and pastel and realized a significant part of his artistic output on paper. On average, double as many works on paper change hands a year than do paintings, which also reflect the proportion of Chagall’s oeuvre. 
 
Chagall's love for his family 
Loved for his harmonious and peaceful compositions, Chagall mastered the representation of the innocent and pure love he shared with his wife and daughter. 
Most valued are his profound depictions of his loved ones, often accompanied by animals and created in his typical color palette revolving around his vibrant blues, reds and greens. Works of this category rarely BI (Bought-In) and sell for consistently increasing prices, namely on average 19% sale-to-sale since 2007, inflation adjusted, outperforming the general works on paper index of the artist. 
 
The triumph of love 
The oil painting Les Amoureux (1928) is the most expensive Chagall work, sold for 28.4 million USD in 2017. It is also one of the greatest masterpieces of Chagall's oeuvre, depicting the loves of his life: his childhood sweetheart, Bella Rosenfeld, and France, the country he made his home after the Russian Revolution. Bella Rosenfeld, who became his wife, lifelong muse and mother to his beloved daughter Ida, also features in the present artwork, depicted in green, recalling her presence after her untimely death embracing their grown-up daughter Ida. 
 
Solid and stable market performance 
Comparable works in terms of content, technique, size and year of creation have an annualized ROI of 11.12% and sell for prices above the purchase price, allowing for an embedded margin for the investor. 
 
Sell your Splints? We now provide you with the option to repurchase your splints at market value anytime. Please note that an additional processing fee will apply. The processing fee varies based on the volume, investment, and your holding duration. Use the contact form to initiate the process.

The price of €168,250 includes the Splint Invest platform fee and external maintenance costs of €8,250. €160,000 can be allocated to the painting. 
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

Masterpiece International, Atlanta Branch, 3680 North Peachtree Road, Suite 300, Atlanta, GA 30341, USA

30730_Marc Chagall_ The sleep of love_1956-1957

The average annual return for artworks sold at auctions, considering medium, size, year, and content, is 11.12%. 
 
The prices for comparable artworks increased by an average of 19% from sale to sale since 2007.

Return

As an investment opportunity, art has consistently outperformed other asset classes such as the S&amp;P 500 and FTSE 100 over the past 20 years. 
 
Art’s lack of liquidity functions favourably for assets with value stability and low correlation with the stock market. Specifically, the works of Marc Chagall show a continuous increase in value.

Stability

Our first art exit👨‍🎨: after only 1.5 months, we achieved an appreciation of 15.4% 🎨. Find out more details now.

Marc Chagall, The sleep of love (Le sommeil amoureux), 1956-1957

Works on paper in this category are highly coveted, seldom remaining unsold (Bought-In or BI). Their prices consistently rise, boasting an average 25% increase in sale-to-sale value since 2007, surpassing the artist's general works on paper index.

Track Record

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.

Artemundi was born out of a rebellious idea and a principled objective: to help our clients build and diversify their art investments without the excessive fees associated with traditional brick-and-mortar art companies while adhering to transparent business practices. We specialize in art investments with expertise in Impressionist, Modern, Post-War and late XX century historical artworks, deliberately excluding contemporary emerging art for investment purposes. 
 
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. We have a successful track record providing expert art fund management, and other services. In addition, we have pioneered on a global scale the adoption of technology to create new investment opportunities through blockchain and art securitization. 
 
We know that art is a real and tangible asset that appreciates over time in addition to its priceless emotional, intellectual, and cultural value. 
 
DEDICATED EXPERTISE 
Decades of experience and our successful track record set us apart as the only art investment management company with a tested methodology. We achieve attractive rates of return for investors looking to diversify holdings into tangible assets with performance unrelated to the capital markets. 
 
REBELS BY NATURE 
Since 1989, we have grown contrary to traditional brick-and-mortar art businesses that carry huge overheads and excessive fees and commissions often on both ends.

Artemundi

CEO &amp; Art Collector 
 
Javier Lumbreras (USA &amp; Spanish citizen) is an investor, developer, fund manager, philanthropist, and art collector. He is widely recognized as a pioneer in the field of art finance, namely art funds. He is the current chairman of the board of directors of The Art Fund Association in New York. 
 
His 34 years of experience in managing art as an alternative asset, including securitization and portfolio management, as well as art collecting, museum endowments, and art-related estate planning, has earned him frequent invitations to lecture at international forums, including The Alternative Investment Association (CAIA), The Authentication in Art Congress in The Hague, the Sotheby’s Institute at the University of London, the Heckerling Institute on Estate Planning, the Art Investment Forum, the American Appraisers Association and Deloitte’s Art &amp; Finance conferences among others.

This is an investment opportunity where we have recalculated the expected performance given by the external expert (Artemundi advisor of Spectrum Utilis, S.L.) 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.

Marc Chagall, The sleep of love (Le sommeil amoureux), 1956-1957

Asset's Life Cycle Details

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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

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