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Gustavo Nazareno, Ochún, 2024
Asset value
51.269 €
Issue price per Splint
50 €
Total number of Splints
989
Investment horizon in years
2 to 4
Return-to-Risk Assessment
8/10
Since launch December ‘24
+3.7%
Main reasons to invest
Return Potential📈: An investment of 500 EUR is projected to be worth approximately 962 EUR in 4 years.
Cost-to-Return Ratio⚖️: After deducting 2.8% in annual total costs (including exit fees), your net return could reach 17.8% per year.
Rising Star with Global Momentum 🚀: Gustavo Nazareno’s Ochún presents a rare opportunity to invest in a unique work by an emerging artist with exceptional growth potential. With a 121% value increase for similar-sized works over two years and endorsements from major platforms like Frieze, Nazareno’s rapid institutional recognition positions him for lasting market success.
Description
Valuation Summary 📝
To ensure the competitiveness of the investment, we conducted a thorough verification of the purchase price by analyzing recent gallery 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 return of his paintings over the past five 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 35% probability of realizing a 49.0% (CAGR of the past 2 years) annual return for the next 4 years. Finally, in the ambitious scenario, we assume a 75% probability of realizing a 49.0% (CAGR of the past 2 years) annual return for the next 4 years. These potential returns over the next four years, under both the balanced and ambitious scenarios, are further enhanced by the 10% discount at which this beautiful work is offered compared to the current gallery price for similar-sized paintings.
Exit Options at Maturity 🚪
We will manage the exit strategy in collaboration with our expert Opera Gallery on behalf of our investors, ensuring the best possible outcome based on market conditions at the time. Depending on the prevailing market situation, the paintings 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? 🎨
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? 💎
Investing in Ochún by Gustavo Nazareno represents a unique opportunity to acquire a standout work from one of the most promising emerging artists in contemporary art. Priced at GBP 37,800, this one-of-a-kind oil-on-linen painting exemplifies Nazareno’s distinctive artistic voice, blending Afro-Brazilian spiritual traditions, historical narratives, and Renaissance techniques. Known for his striking use of chiaroscuro—a skillful manipulation of light and shadow—Nazareno produces deeply evocative works that resonate with collectors and institutions globally. His meteoric rise is marked by critical milestones, including institutional solo exhibitions at the Museum of Modern Art Aloisio Magalhães (2024) and Museu Afro Brasil Emanoel Araújo (2023), and his forthcoming solo exhibition at the DuSable Black History Museum in Chicago in 2026. Ochún, named after an Orixá deity in Afro-Brazilian religions, reflects Nazareno’s unique process of merging faith, research, and fiction to create captivating visual narratives.
The market for Nazareno’s work has demonstrated exceptional performance, with a 121% increase in value for similar-sized paintings over the past two years, translating to an annualized return of 60.5%. This level of appreciation is rare for artists at this stage of their careers, highlighting both collector demand and the artist’s long-term potential. With only one primary painting expected to be released in the next year, scarcity further enhances Ochún’s potential for significant appreciation. Frieze’s endorsement of Nazareno’s October 2024 solo show at Opera Gallery as a “Must-See” exhibition cements his rising prominence within the art world. As his reputation grows internationally, Ochún offers investors an opportunity to benefit from Nazareno’s ascent while acquiring an artwork of cultural, artistic, and financial significance.
Context in Time ⏳
Gustavo Nazareno’s rise comes at a time when the market for works by Afro-American and Black artists is experiencing a dramatic renaissance, having grown by nearly 400% between 2008 and 2021, according to Artnet. This growth reflects increasing institutional and collector focus on diverse cultural narratives and underrepresented artists. Nazareno’s work aligns with this momentum, appealing to a new generation of collectors seeking both cultural depth and financial value. As global art markets increasingly reward unique voices and stories, Nazareno’s practice—rooted in Afro-Brazilian traditions and contemporary themes—positions him as a leading figure within this significant cultural shift.
Conclusion 🎯
Gustavo Nazareno’s Ochún offers a rare opportunity to invest in a one-of-a-kind work by an emerging artist with significant institutional recognition and rapid market growth. With strong performance metrics, limited availability, and rising global demand, this investment combines cultural significance with the potential for exceptional financial returns.
To ensure the competitiveness of the investment, we conducted a thorough verification of the purchase price by analyzing recent gallery 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 return of his paintings over the past five 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 35% probability of realizing a 49.0% (CAGR of the past 2 years) annual return for the next 4 years. Finally, in the ambitious scenario, we assume a 75% probability of realizing a 49.0% (CAGR of the past 2 years) annual return for the next 4 years. These potential returns over the next four years, under both the balanced and ambitious scenarios, are further enhanced by the 10% discount at which this beautiful work is offered compared to the current gallery price for similar-sized paintings.
Exit Options at Maturity 🚪
We will manage the exit strategy in collaboration with our expert Opera Gallery on behalf of our investors, ensuring the best possible outcome based on market conditions at the time. Depending on the prevailing market situation, the paintings 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? 🎨
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? 💎
Investing in Ochún by Gustavo Nazareno represents a unique opportunity to acquire a standout work from one of the most promising emerging artists in contemporary art. Priced at GBP 37,800, this one-of-a-kind oil-on-linen painting exemplifies Nazareno’s distinctive artistic voice, blending Afro-Brazilian spiritual traditions, historical narratives, and Renaissance techniques. Known for his striking use of chiaroscuro—a skillful manipulation of light and shadow—Nazareno produces deeply evocative works that resonate with collectors and institutions globally. His meteoric rise is marked by critical milestones, including institutional solo exhibitions at the Museum of Modern Art Aloisio Magalhães (2024) and Museu Afro Brasil Emanoel Araújo (2023), and his forthcoming solo exhibition at the DuSable Black History Museum in Chicago in 2026. Ochún, named after an Orixá deity in Afro-Brazilian religions, reflects Nazareno’s unique process of merging faith, research, and fiction to create captivating visual narratives.
The market for Nazareno’s work has demonstrated exceptional performance, with a 121% increase in value for similar-sized paintings over the past two years, translating to an annualized return of 60.5%. This level of appreciation is rare for artists at this stage of their careers, highlighting both collector demand and the artist’s long-term potential. With only one primary painting expected to be released in the next year, scarcity further enhances Ochún’s potential for significant appreciation. Frieze’s endorsement of Nazareno’s October 2024 solo show at Opera Gallery as a “Must-See” exhibition cements his rising prominence within the art world. As his reputation grows internationally, Ochún offers investors an opportunity to benefit from Nazareno’s ascent while acquiring an artwork of cultural, artistic, and financial significance.
Context in Time ⏳
Gustavo Nazareno’s rise comes at a time when the market for works by Afro-American and Black artists is experiencing a dramatic renaissance, having grown by nearly 400% between 2008 and 2021, according to Artnet. This growth reflects increasing institutional and collector focus on diverse cultural narratives and underrepresented artists. Nazareno’s work aligns with this momentum, appealing to a new generation of collectors seeking both cultural depth and financial value. As global art markets increasingly reward unique voices and stories, Nazareno’s practice—rooted in Afro-Brazilian traditions and contemporary themes—positions him as a leading figure within this significant cultural shift.
Conclusion 🎯
Gustavo Nazareno’s Ochún offers a rare opportunity to invest in a one-of-a-kind work by an emerging artist with significant institutional recognition and rapid market growth. With strong performance metrics, limited availability, and rising global demand, this investment combines cultural significance with the potential for exceptional financial returns.
Expert
OPERA GALLERY
Founded in Singapore in 1994, Opera Gallery has forged, over its 30 years, a network of 16 galleries worldwide including London, Paris, New York, Geneva, Hong Kong, and Seoul, establishing itself as one of the leading global players within the international art market. Headed by Gilles Dyan, Opera Gallery specialises in post-war French art, and in Modern and Contemporary European, American, and Asian art. In addition, the gallery represents international emerging artists such as Andy Denzler, Anthony James and Gustavo Nazareno. and more established contemporary artists such as Ron Arad, Manolo Valdés, and Anselm Reyle.
Additional details
Asset ID
5d2521bc-1160-4b07-9e4b-f2c4220d0100
Name
Ochún
Artist
Gustavo Nazareno
Publication year
2024
Size
200 x 170 cm
Number of editions
Unique
Signature
Yes, the painting is signed on the reverse
Material
Oil on linen
