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.

"Duncan McCormick's recent success in auctions is remarkable, with artworks such as Villa Mallorca and Trevor's Dream achieving astonishing results, selling at 1,855% and 1,678% above low estimates respectively. McCormick's shift from oils to acrylics during lockdown and his focus on serene landscapes and interiors have resonated with audiences, drawing them into his world of escapism and positivity. McCormick's auction performances underscore the growing interest in his work and its profound impact on art enthusiasts." - James Kerbey, Expert at Maddox Advisory 
 
Why Invest in Duncan McCormick's Paintings? 
Revealing Duncan McCormick's Upbeat Artistry 
 
A Glimpse into Positivity on Canvas: 
Enter the realm of <a href="https://www.artsy.net/artist/duncan-mccormick/auction-results?hide_upcoming=false&amp;allow_empty_created_dates=true&amp;currency=&amp;include_estimate_range=false&amp;include_unknown_prices=true&amp;allow_unspecified_sale_dates=true">Duncan McCormick's</a> creative expression, where deliberate optimism materializes through his painting technique. With every brushstroke, he brings to life images that evoke memories of joyful reveries. From nostalgic adventures along the Devon coast of Salcombe Bay, reminiscent of locales in California and the Mediterranean, to reimagining snow-covered Scottish mountain vistas as majestic alpine scenes, and transforming neglected streets and abandoned gardens into sun-drenched retreats. 
 
Expressive Method and Radiant Color Palette: 
McCormick's creative process begins with delicate layers of pigments, swiftly layered with acrylic paint to capture the spontaneity of his work. His main focus is on capturing the vividness of colors on canvas. The outcome is a collection imbued with vibrant and luminous hues that enhance the dreamlike essence of each masterpiece. 
 
Artistic Response to Change: 
These artworks serve as a deliberate response to the era of Covid-19 and its consequent lockdown measures. After celebrating his wedding and the arrival of twins, McCormick traded the suburbs of London for the tranquil landscapes of North Shropshire. The isolation brought about by the pandemic led to a transition from intricate, symbol-laden narratives to simpler, intentionally escapist scenes depicted in acrylic paint. 
 
The Artistic Journey of Duncan McCormick: 
Born in Birmingham in 1977, Duncan McCormick's artistic journey commenced at Hallfield Preparatory School and continued at Ellesmere College in Shropshire. His inherent artistic ability propelled him to a foundational year at Bournville College in Birmingham, culminating in a degree in Art and Drama from St. Martin's College in Lancaster. Throughout his career, McCormick has balanced his artistic pursuits with his livelihood. Initially involved in theater, he later established himself as a professional printmaker, equipped with his own silk-screen press. His works now adorn esteemed private and corporate collections, including a commission from Morgan Stanley in 2018 for a series of 11 paintings showcased in their Canary Wharf offices. Recently, his art has fetched impressive prices at auctions, attracting bidders from Taiwan, Turkey, Hong Kong, Europe, and America. 
 
The Artistic Journey Continues: 
Heavily influenced by the renowned David Hockney, McCormick's style is poised to venture into similarly iconic realms, presenting his artworks as a promising investment opportunity. As each brushstroke continues to narrate tales of hope and beauty, we invite you to join us on this artistic journey filled with potential. Explore the enchanting allure of Duncan McCormick's art and the boundless possibilities it holds. 
 
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 62,850€ includes the Splint Invest platform fee and external maintenance costs of 3,800 €. 59,050 € 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

Hedley's, 3 St Leonard's Road, North Acton, London NW10 6SX

40713_Duncan Robert McCormick_Part 1

Based on the Art Market report published by Art Basel &amp; UBS. The art market globally has been growing steadily over the past decades, with total sales reaching USD67.8 billion in 2022, growing 3% year-over-year with an average return of 7.6%. 
 
McCormick's pieces consistently surpass their estimated values by a factor of ten or greater.

Return

In terms of investment potential, art has consistently delivered better returns compared to other types of assets like the S&amp;P 500 and FTSE 100, during the last two decades. According to Fortune, between 1995 and 2022, contemporary art appreciated at a compound annual growth rate of 12.6%, outperforming the S&amp;P 500 whose total returns were 9% for the same period.

Stability

Commissioned in 2018 by Morgan Stanley to create a series of works for the company offices, his paintings have gained recognition globally.

Duncan Robert McCormick, Part 1, Gecko Walk, 2023

Duncan McCormick is a painter who creates deliberately optimistic works, his chosen themes are, as he says, "like long-remembered dreams" or "childhood holiday memories". His early works have just been auctioned by Sotheby's, fetching winning bids in 2023 that were on average 10 times higher than the estimated value. Is being hailed as the next David Hockney.

Track Record

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. 
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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. 
 
Maddox is known for their sincere enthusiasm, critical thinking, innovative insights and global savoir-faire. A dedicated art advisor will start by understanding the particular goals, interests and passions, which will direct the individual investment path. 
 
The advisor will also account for the investments time frames, acquisition objectives, risk tolerance and personal preferences. Whether one is looking to acquire a Banksy or a Basquiat, a Haring or a Warhol, the team will make sure one finds the right artwork. 
 
From sourcing to selling, the advisor will always provide up-to-date and detailed market analysis and professional guidance throughout the process. Maddox will help to build an art portfolio, manage a collection, value it, decide on a holding period and exit strategy, and finally, make sure to get the most out of the investment.

Maddox Advisory

This is an investment opportunity where we have recalculated the expected performance given by the external expert (Maddox Advisoy) 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.

Duncan Robert McCormick, Part 1, Gecko Walk, 2023

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?