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

Editionnumber

Print-Style

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.

David Hockney is a British artist born in 1937 whose works have been offered 11,843 times at public auctions, mainly in the category of printmaking multiples. His earliest work listed on artprice.com is "Le Nid de duc", sold at Christie's (Aquarell Drawing) in 1983, while the most recent is The Dramatists Guild Fund in Association with Circle Repertory Company - Young Playwrights Festival, Pulcinella with Applause, sold in 2023 (Printmaking Multiple). He is ranked 14th among the world's best-selling artists at auctions (in terms of sales in 2022). His works are mainly offered in the United States. Hockney has collaborated with Allen Jones and other artists. 
 
In 2010, renowned artist David Hockney visited Yosemite National Park with a brand new Apple invention: the iPad. He was one of the first to recognise the potential of the device as an artistic tool, and used it to create the 26-piece Yosemite Suite while in the park. This demonstrated Hockney's status as an artist of the modern age and established a unique, pioneering aesthetic in the Yosemite Valley. Since the mid-19th century, Yosemite has been a popular destination for artists and has inspired many renowned works, including Albert Bierstadt's Merced River, Yosemite Valley and Ansel Adams' widely-recognised photographs. 
 
David Hockney's Yosemite drawings are a modern take on the iconic landscape, created using digital brushstrokes and his signature colorful palette. He used the Brushes app to draw in situ and experiment with different types of mark-making, such as blurring and line density, to create layered images with depth and atmosphere. One of the few works in the series that references human life, Untitled No. 1 features abstracted figures in the foreground, dwarfed by the immense rock face in the background to highlight the size of the national park. Hockney was inspired to experiment with transferring his iPad drawings to large-format prints of almost one by two thirds of a metre, four times larger than the iPad screen they were produced on. These vibrant prints are an example of his early experimentation with digital art.

The price of €156,150 includes the Splint Invest platform fee and external maintenance costs of €11,800. €144,350 can be allocated to the print. 
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

30703 David Hockney, Yosemite 8, 2010

According to "The Global Art Market &amp; COVID-19 Report by Citi Private Bank, 2021", contemporary art turned a profit of 6,7 %, compared to the 5,5 % return of all the other art sectors. 
 
David Hockney's works exceed this increase in value once again. Over the last 8 years, the artworks have increased in value by over 25% annually.

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 price index for David Hockney art increase in 2022 by 39.1 %.

Three reasons to invest:

<ul>
	<li>David Hockney’s average auction sale price rose by 100 % between 2017 and 2022.</li>
	<li>60 % of Hockney’s prints have risen by between 50 % and 250 % in value over the last five years.</li>
	<li>Annual sales volume of David Hockney's art in 2022 was over EUR 141 million.</li>
</ul>

David Hockney, Yosemite 8, 2010

David Hockney was born in 1937 and is highly regarded in the art scene. 
 
Works of art by him have been sold at auction almost 12,000 times. 
 
Hockney is ranked 14th in the Artprice Top 100 World Ranking of the best-selling artists at auction.

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.

David Hockney, Yosemite 8, 2010

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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