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.

⚠️New: 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. 
 
Who is Salvador Dali? 
Salvador Dalí: A Surrealist Icon 
Salvador Dalí, born in Figueres, Spain, in 1904 is one of the most popular artists of the 20th century and his work is exemplary for Surrealist art. His paintings, sculptures and works on paper adorn the most prestigious museums around the world including the Museum of Modern Art (MoMA) in New York, The National Gallery in Washington DC and the Tate Modern in London. Dalí’s creations shaped art history and were often inspired by his most important muse, his wife Gala, whose name features in many of his signatures. 
 
Coherent yet truly unique are each of his artworks and especially the finely executed masterpieces enjoy a lastingly stable position in the art market. Although one of the most recognizable artists of our times, the Dalí market remains more accessible when compared with other top-level artists. In the last two decades, the total turnover of all artworks sold at auction by the artist surpassed USD 400 million of which a fourth were paid for works on paper such as collages, drawings and watercolors, a remarkable percentage in comparison to other high-ranking artists. 
 
Why "Hidden Faces?": 
Artistic Prestige 
Beyond following the positive trend in the Dalí works on paper market, "Hidden Faces" gains significant appeal due to its portrayal of the iconic Mona Lisa, painted by the historically highest-selling artist, Leonardo da Vinci. The Mona Lisa's prominence in works by renowned artists like Andy Warhol, Marcel Duchamp, and Banksy enhances its global recognition. 
 
Unique Market Entry 
Having been part of just one private collection before tokenization, "Hidden Faces" brings novelty to the market, typically leading to a positive impact on its price. This exclusivity adds value, especially considering its original use as the cover for Dalí's censored novel, "Rostros Ocultos," amplifying its historical significance. 
 
Dalí's Literary Connection 
Dalí's decision to feature "Hidden Faces" on the cover of his only novel, subject to censorship in Spain, adds a layer of cultural and historical importance. Such associations often contribute positively to the market value of artworks. 
 
Financial Potential 
Looking at the financial perspective, comparable artworks sold over the past two decades reveal an annualized ROI of 15.65%. This track record suggests a promising financial investment in "Hidden Faces." 
 
Outperforming art indices 
Investing in Dalí's works on paper is compelling, constituting a substantial segment of his market. These pieces, encompassing drawings, collages, watercolors, and various techniques, are often a more direct expression of his artistic innovations. Particularly noteworthy are the works from the 1950s, featuring consistent auction prices, rare instances of being Bought-In, and a remarkable five-year outperformance compared to indices. This makes them an intriguing investment option, especially given their impressive performance during the global pandemic.

The price of €499,550 includes the Splint Invest platform fee and external maintenance costs of €24,550. €475,000 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

Haas &amp; Company AG, Embraport 14, CH-8424 Embrach

30725_Salvador Dali_Hidden Faces_1952

The average annual return for artworks sold at auction since 2001, considering medium, size, year, and content, is 15.65%. 
 
Furthermore, when comparing the purchase price to the estimated value of the artwork, there is a safety margin of 15.61% in favor of the investor. Prices for comparable artworks increased by an average of 79% from sale to sale.

Return

As an investment opportunity, art has consistently outperformed other asset classes such as the S&amp;P 500 and FTSE 100 over the past 20 years. 
 
Art’s lack of liquidity functions favourably for assets with value stability and low correlation with the stock market.

Stability

The average annual return on investment for his artworks similar in medium, size, year, and content sold at auction since 2001 is 15.65%. 
 
Exciting news! Now, zoom in on pictures with our new feature! 👀🔍

Salvador Dalí, Hidden Faces, 1952

Dalí's works, ranging from drawings to collages and watercolors, serve as a direct and enduring expression of his artistic innovations. 
 
Particularly notable are the works from the 1950s, which remain true to this artistic style, exhibiting consistent auction prices with minimal instances of being Bought-In.

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.

Salvador Dalí, Hidden Faces, 1952

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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