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.

See our successful exit achieved by Artemundi: <a href="https://splintinvest.onelink.me/2VXL/iiwlojfz">Chagall +15.4% net&nbsp;return in 1.5 months</a> 
 
Who is Pablo Picasso? 
Undoubtedly the most influential artist of the 20th century, Pablo Picasso’s importance for the world’s cultural heritage is reflected in the constantly growing prices and appreciation for his artistic creation. He is currently the&nbsp;best-selling artist by volume and value and has defended his global art market dominance for decades. His name consistently features in the Top 10 selling lots of the most important auction marathons yearly. His works appear in all major museums and institutions, often representing the highlight of their collection. In 2023, the art world celebrated Picasso’s 50th death anniversary with numerous exhibitions dedicated to the artist and his ongoing impact on the following generations of artists. This also positively affected the market, and the total turnover of last year of the Picasso market surpassed USD 502 million, including the sale of Picasso’s Femme à la Montre, which sold for USD 139,363,500, making it the second highest-selling Picasso at auction ever and the best-selling artwork auctioned that year. 
 
While Picasso created a vast output of artworks, including paintings, drawings, sculptures, and ceramics, his paintings and drawings determine his prominence as an artist worth acquiring. However, it is interesting to note that the number of works on paper and paintings that have come up at auction since 2000 make&nbsp;up less than 10% of all lots offered. Yet, works on paper alone contributed 11% of the turnover since 2000, highlighting their economic importance in the Picasso market performance. As supply of important canvasses dries up, we expect significant growth in beautiful, well, and fully executed drawings like The Painter II. In 2023, Picasso’s works on paper generated over USD 32.5 million, more than many other artists markets all categories combined. 
 
Why the Painter II? 
The Painter II is a drawing from Picasso’s later years. It shows a precise, yet free composition drawn with colored crayons and filled with red, yellow, and blue details. A self-portrait, the artist rejuvenated in this work and presents himself with a clear and focused mind dedicated to his art, the irrefutable driving force of his life and career. It is a motif he turned to multiple times in the last years of his life. Still, it is a spontaneous creation that sparked Picasso’s interest in such a way that he reinvented it over and over again. The composition is drawn in the three primary colors: red, blue, and yellow. It generously occupies the entire cardboard, often seen in Picasso’s work, almost eliminating the borders between the cardboard, the support of his creation, and the world around it. 
 
Artworks from the final years (1970-1973) make up 3.5% of all artworks sold at auction since 2014, which is in line with the average yearly output of the artist and shows Picasso's everlasting impulse to create art until the very end. However, the turnover of paintings and works on paper from the final years sold at auction since 2014 contributes close to 7% of the total turnover of paintings and works on paper from all periods. Evidently, paintings and works on paper from Picasso's final years have a strong standing in the Picasso market as their market value outperforms their market volume. 
 
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 €315,300 includes the Splint Invest platform fee and external maintenance costs of €15,300. €300,000 can be allocated to the painting. 
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

Marco Estudio,&nbsp;Av. del Dr. Severo Ochoa, 35, nave 5F, 28100 Alcobendas, Madrid, Spain

40704 Pablo Picasso, The Painter II, 1970

Prices at auction for comparable artworks by Pablo Picasso in terms of medium, content, size and year of creation increased on average by 14% sale-to-sale since 2004, inflation adjusted. 
 
Contemporary Art performed especially strongly, gaining 6.7% over the last period.

Return

The most influential artist of the 20th century, Pablo Picasso’s importance for the world’s cultural heritage is reflected in the constantly growing prices and appreciation for his artistic creation. 
 
His name consistently features in the Top 10 selling lots of the most important auction marathons yearly.

Stability

Picasso famously immortalized the people of his life and portrayed his sentimental companions, children, friends, and patrons. He also dedicated well over 500 works to painting artists, including himself. The purchase price of our work is significantly below the average auction results for similar works.

Pablo Picasso, The Painter II, 1970

Since 2000, works on paper and paintings at auctions represent less than 10% of all lots, yet works on paper contribute 11% to total turnover, emphasizing their economic importance in Picasso's market. With a decline in significant canvases, we anticipate notable growth in well-executed drawings like The Painter II. In 2023, Picasso's works on paper generated over USD 32.5 million, surpassing many other artists' combined market values.

Track Record

Since our foundation in 1989, Artemundi has evolved into an industry-leading art investment company with thousands of successful transactions and over a billion dollars managed in art. Artemundi is the trusted advisor of Spectrum Utilis, S.L.

Artemundi was born out of a rebellious idea and a principled objective: to help our clients build and diversify their art investments without the excessive fees associated with traditional brick-and-mortar art companies while adhering to transparent business practices. We specialize in art investments with expertise in Impressionist, Modern, Post-War and late XX century historical artworks, deliberately excluding contemporary emerging art for investment purposes. 
 
Since our foundation in 1989, Artemundi has evolved into an industry-leading art investment company with thousands of successful transactions and over a billion dollars managed in art. We have a successful track record providing expert art fund management, and other services. In addition, we have pioneered on a global scale the adoption of technology to create new investment opportunities through blockchain and art securitization. 
 
We know that art is a real and tangible asset that appreciates over time in addition to its priceless emotional, intellectual, and cultural value. 
 
DEDICATED EXPERTISE 
Decades of experience and our successful track record set us apart as the only art investment management company with a tested methodology. We achieve attractive rates of return for investors looking to diversify holdings into tangible assets with performance unrelated to the capital markets. 
 
REBELS BY NATURE 
Since 1989, we have grown contrary to traditional brick-and-mortar art businesses that carry huge overheads and excessive fees and commissions often on both ends.

Artemundi

CEO &amp; Art Collector 
 
Javier Lumbreras (USA &amp; Spanish citizen) is an investor, developer, fund manager, philanthropist, and art collector. He is widely recognized as a pioneer in the field of art finance, namely art funds. He is the current chairman of the board of directors of The Art Fund Association in New York. 
 
His 34 years of experience in managing art as an alternative asset, including securitization and portfolio management, as well as art collecting, museum endowments, and art-related estate planning, has earned him frequent invitations to lecture at international forums, including The Alternative Investment Association (CAIA), The Authentication in Art Congress in The Hague, the Sotheby’s Institute at the University of London, the Heckerling Institute on Estate Planning, the Art Investment Forum, the American Appraisers Association and Deloitte’s Art &amp; Finance conferences among others.

This is an investment opportunity where we have recalculated the expected performance given by the external expert (Artemundi advisor of Spectrum Utilis, S.L.) 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.

Pablo Picasso, The Painter II, 1970

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

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