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David Yarrow, Black Magic (Colour), 2025

Asset value
54.750,00 €
Earning potential
21.6%
Splints left
1.095/1.095
Investment horizon in years
2-4
Return-to-Risk Assessment
10/10
Performance since release
+0.0%

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Main reasons to invest

  • Return Potential: An investment of €500 could reach an estimated value of €1,093 in 4 years.

  • Cost-to-Return Ratio: With just 3.0% annual total costs, your net profit could be 21.6% per year.

  • Rare Entry Opportunity: David Yarrow’s limited-edition photography benefits from sustained international collector demand and strong positioning within the contemporary photography market, while the current 8.6% discount to market value after fees provides an upside potential for investors.

Description

Investment Case
Investment Thesis
 
Metric Value
Investment Horizon 2–4 Years (Target exit: 2028–2030)
Expected CAGR (Balanced) 21.6% p.a. after fees
Optimistic CAGR 26.4% p.a. after fees
Entry Basis -8.6% discount to market after fees
Sharpe Ratio 1.1
Value at Risk (VaR) 91.9% probability of exceeding initial investment after 4 years
Standard Deviation 24.0%
Number of Sales Points 30 main comparables
Risk Rating B+, Moderate (limited edition photography, strong market demand)
  • 2–4 Year Horizon: Planned exit between 2028 and 2030 to capture continued appreciation as the edition sells through and secondary market demand strengthens for Yarrow's highly narrative wildlife photography.
  • 21.6% Net ROI p.a. (Balanced): Based on a probability-weighted scenario using Yarrow's tiered pricing model, historical edition performance, and sustained global collector demand across primary and secondary markets.
  • 26.4% Net ROI p.a. (Optimistic): Reflects a stronger upside scenario supported by Yarrow's expanding institutional profile, philanthropic visibility, and the scarcity dynamics of his controlled edition strategy.
  • ~8.6% Discount to Market: Entry pricing was verified below current market value after fees, providing an attractive acquisition basis relative to comparable works in the primary and secondary markets.
  • Sharpe Ratio of 1.1: Indicates an exceptional risk-adjusted return profile, exceeding benchmarks such as the Swiss Market Index (SMI) and reflecting strong compensation for assumed volatility.
  • VaR 91.9%: Modelled probability that the asset value exceeds the initial investment after four years, demonstrating strong downside protection relative to alternative assets.
  • Standard Deviation (24.0%): Reflects moderate volatility typical of limited edition photography with active secondary market participation and controlled supply.
  • 30 Main Comparables: The investment case is supported by a substantial dataset of comparable sales, providing confidence in growth projections and market liquidity for Yarrow's work.
Category
Why Invest in This Category?
 
Contemporary art has shown consistent long-term appreciation driven by cultural relevance, expanding global collector bases, and strong institutional demand. Unique paintings by historically significant artists with growing recognition often experience increased collector attention and price appreciation as gallery representation and museum exposure expand.
Asset Specifics
Why Invest in This Asset?
 

David Yarrow's "Black Magic (Colour)" represents a rare opportunity to invest in one of contemporary photography's most commercially powerful and globally recognized artists. Yarrow has built a distinctive position at the intersection of fine art, storytelling, and conservation, creating works that resonate far beyond traditional photography collectors. His cinematic visual language and narrative-driven imagery attract a broad international audience, while his philanthropic alignment with wildlife and cultural causes adds meaningful depth to his brand.

Key Highlight
This 2025 edition is acquired at an 18.4% discount to market value prior to fees, offering disciplined entry into an artist whose work has demonstrated a 21.6% CAGR between January 2020 and January 2023, supported by a tiered pricing model and controlled edition strategy that drives scarcity and upward pricing pressure.

Yarrow's market is underpinned by sustained primary market strength, with editions selling through systematically and early buyers benefiting from structured appreciation. His global exhibition reach spans major hubs including London, Los Angeles, and Gstaad, reinforcing institutional visibility and collector confidence. The combination of high-frequency solo shows, art fair participation, and philanthropic engagement has expanded his collector base well beyond traditional photography audiences.

For investors, this asset offers exposure to an artist operating at scale, with strong risk-adjusted returns, broad cultural relevance, and a proven track record of value creation. The investment is further supported by transparent pricing, verified authenticity, and alignment with a trusted advisory partner.

 

Summary
Conclusion
 
David Yarrow's Black Magic (Colour) combines cinematic storytelling, controlled edition scarcity, and global cultural relevance. As a limited release from one of contemporary photography's most commercially successful artists, it offers strong narrative appeal and philanthropic alignment. Its tiered pricing model, institutional visibility, and cross-sector collector demand position it as a compelling investment for discerning portfolios.

Expert

Maddox Advisory

The art investment advisors of Maddox bring together years of specialist knowledge and practical experience with objective market analysis to offer their clients quality advice and consistent returns.
 

Additional details

Asset ID
64a2b8f6-f10c-498e-8b43-3fde09b14c85
Name
Black Magic (Colour)
Size
162.56 cm x 299.72 cm
Material
Archival Pigment Print
Publication year
2025
Artist
David Yarrow

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