Fernando Botero, Flautista, 2023
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Main reasons to invest
Return potential📈: An investment of €500 could reach an estimated value of €1,029 in 4 years.
Cost-to-return ratio⚖️: After deducting 2.7% in annual total costs, your net return could reach 19.8% per year.
The quiet charm of a Botero figure 🎨: Botero paints people with calm presence and rounded warmth, giving them a sense of kindness and weight. “Flautista” carries that same tone: simple, quiet, and instantly recognisable. Many collectors like Botero for this human touch. Holding a late work like this connects you to an artist whose style shaped modern visual culture.
Description
| Metric | Value |
|---|---|
| Investment Horizon | 2–4 Years |
| Expected CAGR (Balanced) | 19.8% p.a. after fees |
| Ambitious CAGR | 25.0% p.a. after fees |
| Entry Basis | 23.8% below fair value |
| Sharpe Ratio | 0.80 (vs. SMI: 0.61) |
| Value at Risk (VaR) | 87.6% chance to exceed €76,404 after 4 years |
| Standard Deviation | 25.3% |
| Risk Rating | B (8.4/10 - Moderate Risk) |
- 2-4 year horizon: Matches strong liquidity in Botero’s market and renewed attention after his passing.
- 19.8% CAGR (balanced): Based on 75% probability of replicating historical growth from 2018–2024 and supported by the 23.8% discount at entry.
- 25.0% CAGR (optimistic): Reflects continued demand for Botero’s late works and tightening supply.
- ~23.8% entry discount: The purchase price of €76,404 sits well below the last auction sale, improving exit flexibility.
- Sharpe ratio 0.80: Outperforms the 5-year SMI benchmark.
- 87.6% VaR threshold: High likelihood of exceeding the modelled valuation anchor after four years.
- Standard deviation 25.3%: Typical for actively traded blue-chip contemporary artists.
- Risk rating “B”: Strong investment with stable liquidity and solid upside potential.
For centuries, art was collected for its cultural, emotional, intellectual, political, and economic value. Fernando Botero’s instantly recognisable style and strong auction presence make him one of the most dependable blue-chip names for collectors and investors.
Fernando Botero’s position in the global art market is unusual. Very few artists become instantly recognisable across continents, and even fewer maintain that recognition for seven decades. Botero did both. His rounded figures shaped a visual language that is easy to identify and widely collected. “Flautista” belongs to this universe and reflects the clarity, humour, and discipline that define his late work.
The painting is a unique watercolour, created in 2023, during the final chapter of Botero’s life. Works from this period have gained new attention after his passing in 2023, as collectors revisit his legacy and institutions expand Botero holdings. This renewed focus strengthens demand, especially for works that show his characteristic volume and gentle satire. “Flautista” does exactly that.
Market data supports its strength. The same subject sold in 2024 for GBP 82,106. Acquiring the work at €76,404 creates a 23.8% discount to that benchmark. In a mature market like Botero’s, where prices usually move steadily, such a discount is rare and supports both patience and confidence during the holding period.
Liquidity is another factor. Botero’s drawings and watercolours appear regularly at Sotheby’s, Christie’s, and regional auction houses. They attract a broad collector base and show stable absorption, even when broader art markets cool. For investors, this means a clear exit path and a measurable historical range of comparable sales.
Scarcity also plays a role. While Botero produced many works during his lifetime, the best examples are now held by institutions and long-term private collections. As availability tightens, fresh works in excellent condition draw more attention. “Flautista” combines recognisable imagery, a mature date, and clean provenance, making it well positioned for both collectors and investors who want exposure to a blue-chip artist with long-term resilience.
“Flautista” brings together a familiar Botero motif, a documented ownership history, and a strong price advantage. The artist’s steady auction results and museum presence support further growth. Painted in 2023 and in Botero’s unmistakable style, it speaks to anyone looking for a clear and reliable entry into the blue-chip art market.
Expert
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.
