Yayoi Kusama, Pumpkins (Set of 3), 1998
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Main reasons to invest
Return Potential: An investment of €500 could reach an estimated value of €691 in 2 years.
Cost-to-Return Ratio: With just 2.4% annual total costs, your net profit could be 17.5% per year.
Rare Complete Set: A rare complete set of Yayoi Kusama's iconic Pumpkins, acquired with a 19.0% price buffer, combines exceptional scarcity, established global demand, and a predefined short-term exit strategy.
Description
- 17.5% Net ROI p.a. (Balanced): 60% probability of achieving the CAGR from 11/2016 - 06/2022 of 25% based on historical auction data for the same set of 3 pumpkins
- 22.5% Net ROI p.a. (Ambitious): 80% probability of achieving the CAGR from 11/2016 - 06/2022 of 25% based on historical auction data for the same set of 3 pumpkins
Investing in art combines cultural relevance, scarcity, and long-term value appreciation into a resilient alternative asset class. The global art market reached over USD 65 billion in annual sales, supported by a deep base of collectors, institutions, and museums. Historically, blue-chip and well-curated contemporary art segments have delivered ~8–10% long-term annual returns, with select emerging artists outperforming during career inflection points. Art benefits from low correlation to traditional markets, tangible ownership, and finite supply—particularly for unique works. Strong gallery representation, exhibition history, and documented provenance further enhance liquidity, price transparency, and downside protection for investors.
The Yayoi Kusama "Pumpkins (Set of 3)" from 1998 represents a rare opportunity to invest in one of the most recognizable and culturally significant motifs in contemporary art. Kusama, named "the world's most popular artist" in 2015, has built an unparalleled global following, and the pumpkin has become her signature image, synonymous with her museum exhibitions and collector demand worldwide.
What sets this piece apart is its completeness. The set includes all three pumpkins in the original wooden presentation box, signed and numbered. Complete sets command a premium over individual pieces because they preserve the artist's original concept and become increasingly scarce as sets are separated over time. Collectors consistently favor matching edition numbers and original packaging, making this configuration highly desirable.
The Kusama market demonstrates exceptional liquidity, with over 1,000 auction appearances for the broader Pumpkins series and strong long term value growth. Pre 2000 works, like this 1998 edition, benefit from heightened collector interest and institutional recognition. The established auction history and global collector base provide a clear path to future resale.
For investors, this asset combines heritage authenticity, edition scarcity, proven market performance, and strategic entry pricing, offering exposure to one of contemporary art's most liquid and internationally collected artists.
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.




