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.

For the sale, the following two options are being considered:

<ul>
	<li>Private Sale: The painting is offered directly to private collectors of Ristova's works.</li>
	<li>Auction: The painting will be offered as a single lot at an auction for contemporary art. This option 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.</li>
</ul>

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The Artistic Journey of Elitsa Ristova

Elitsa Ristova, born in 1991, is not just a painter but also a recent MFA graduate based in London. Her artistic focus primarily revolves around portraiture, serving as a lens through which she unveils the diverse and multifaceted nature of a 21st-century, post-pandemic city.

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Roots of Artistic Passion

Hailing from a rural town in North Macedonia, Elitsa Ristova's passion for art blossomed at an early age. Encouraged by her mother, she embarked on a journey of artistic exploration through private art classes. This initial spark led her to delve even deeper into the world of visual arts at the Goce Delčev University of Štip. Seeking to broaden her artistic horizons, she eventually made the transformative decision to relocate to London, where she continued her studies at the London College of Contemporary Arts (LCCA).

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A Prolific Exhibition History

Elitsa Ristova's exhibition history is marked by notable achievements. In 2021, she curated her solo show, 'Equanimity of the Mind,' as the Artist in Residence at LCCA. Furthermore, she actively participated in various group exhibitions, such as 'In a New Light,' curated by Art City Works, 'Wounds,' a collaborative exhibition and music event with BURST LDN, and 'A sea of white shirts + communicating ideas,' a group showcase hosted at LCCA.

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Recognition in the Art World

In 2021, Elitsa Ristova achieved a significant milestone with her first solo exhibition, 'Equanimity of the Mind,' at the London College of Contemporary Arts as the artist in residence. Her contributions extend to diverse group exhibitions, including the noteworthy 'In A New Light' in London from August to September 2021.

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Representation and Auction Debut

Currently represented by Waterhouse &amp; Dodd in London and New York, Elitsa Ristova has solidified her presence in the art world. 'It’s just a thought' marks Ristova’s debut appearance at auction, signaling a new chapter in her artistic journey.

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Art as a Transformative Odyssey

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Elitsa Ristova beautifully expresses her artistic philosophy: “Through art, I embark on a transformative odyssey, unravelling the inner and outer dimensions of existence, discovering new facets of myself. It provides me with a canvas to freely express my thoughts and emotions, granting me solace and a profound connection to the world around me.”

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Impressive Auction Results

One of the compelling reasons to consider Elitsa Ristova's art for investment is his consistent track record of achieving auction results that far exceed initial estimates. On average, his artwork commands prices that are 10 times higher than the estimated values, making his pieces a potentially lucrative investment opportunity.

The price of 50,450 € includes the Splint Invest platform fee and external maintenance costs of 3,100 €. 47,350 € 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

40786_Elitsa Ristova New

Ristova's works consistently exceed their estimates by a factor of ten or more. 
 
The Art Market report by Art Basel &amp; UBS reveals that the global art market has been consistently growing in recent years. the volume of transactions grew in 2023, increasing to 39.4 million, reflecting a 4% annual growth more than 2022.

Return

Over the last twenty years, art has consistently provided greater returns than other investment options like the S&amp;P 500 and FTSE 100.

Stability

Release: 27, August&nbsp;2024 - 06 PM CEST 
 
Ristova, an emerging artist, has achieved two auction results so far in 2023, where the estimated values were exceeded by tenfold.

Elitsa Ristova, No Heaven No Skies, 2020

Elitsa Ristova's artistic focus primarily lies in portrait painting, which serves as a lensthrough which she unveils the diverse and multifaceted nature of a city in the 21st century post-pandemic era. 
 
In 2021, Elitsa Ristova achieved a significant milestone with her first solo exhibition, 'Equanimity of the Mind,' at the London College of Contemporary Arts as the artist in residence.

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.

Elitsa Ristova, No Heaven No Skies, 2020

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?