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Ángeles Agrela, Valeria, 2021

Asset value
61.150 €
Issue price per Splint
50 €
Total number of Splints
1.223
Investment horizon in years
1 to 3
Return-to-Risk Assessment
8/10
Since launch August ‘25
+0.0%

Main reasons to invest

  • Return Potential📈: An investment of €500 could reach an estimated value of €998 in 3 years.

  • Cost-to-Return Ratio⚖️: With just 2.9% annual total costs (July / August releases with no exit fees), your net profit could be 25.9% per year.

  • Prestigious Stage & Global Recognition 🌍: Ángeles Agrela has showcased her work in leading galleries and institutions worldwide, including solo shows at Yusto/Giner and Nicodim, and major art fairs like Art Basel Miami, Art021 Shanghai, and ARCO Madrid. Her art features in esteemed collections such as CAC Málaga, the National Library of Spain, and L’Oréal Collection, reinforcing her credibility and making her a sought-after name among discerning collectors.

Description

Investment Thesis 📝
 
Metric Value
Investment Horizon 1–3 Years
Expected CAGR (Balanced) 25.9% p.a. after fees
Optimistic CAGR 43.0% p.a. after fees
Entry Discount 76% below gallery pricing and 62% below auction
Sharpe Ratio 0.81 (vs. SMI: 0.61)
Value at Risk (VaR) 75% chance to exceed €76,900
Standard Deviation 33.3%
Risk Rating B (8.0/10 – Moderate Risk)
 
  • 1–3 Year Horizon: The holding period is designed to align with Agrela’s expanding international profile and sustained auction momentum, targeting an exit window between 2026 and 2028.

  • 25.9% CAGR (Balanced): Modeled with a 90% probability of achieving target return based on historical auction performance of large-format works from 2022 to 2023.

  • 43.0% CAGR (Optimistic): Reflects the upside scenario if price growth continues in line with high-performing sales such as Alicia (2020), which achieved €149,459—nearly 3x its high estimate.

  • 76% Entry Discount: The €61,150 entry price is substantially below size-adjusted gallery comparables found on Artsy, offering an exceptional margin of safety and value distortion.

  • Sharpe Ratio of 0.81: Strong risk-adjusted return signal, outperforming traditional benchmarks like the SMI (0.61), confirming efficiency in balancing volatility and return.

  • 75% VaR Threshold: Model forecasts a three-in-four chance the asset exceeds €76,900 after 3 years, ensuring a robust downside buffer.

  • Standard Deviation (33.3%): Reflects moderate volatility, comparable to emerging blue-chip artists like Banksy, and suitable for collectors seeking upside with managed exposure.

  • Risk Rating “B”: Strong fundamentals across track record, price point, and volatility level—supported by 19 auction sales and growing institutional presence.

Exit Options at Maturity 🚪
We will manage the exit strategy in collaboration with our expert Zurani on behalf of our investors, ensuring the best possible outcome based on market conditions at the time. Depending on the prevailing market situation, the painting will be sold to a private collector or offered as a single lot at an auction for contemporary art. An auction is considered if the price has developed to the point where the minimum bid matches the market value and there is high demand for works by the artist. Both options are carefully considered, and we will choose the one that maximizes the return for our investors.
Why Invest in This Category? 🎨
For centuries, art was collected for its cultural, emotional, intellectual, political, and economic value. Investing in a mid-career artist offers a mix of financial potential and personal satisfaction, making it an appealing option for both new and seasoned collectors.
Why Invest in This Asset? 💎

Valeria is a 200 × 150 cm hand-signed original work from 2021 by acclaimed Spanish artist Ángeles Agrela. Rendered in acrylic and pencil, this large-scale portrait exemplifies Agrela’s signature technique—using exaggerated hairstyles as symbolic narratives to confront traditional portrayals of female identity. The piece does not merely draw attention—it rewrites visual expectations, replacing facial features with storytelling hair masses to emphasize autonomy, symbolism, and postmodern commentary on gender representation.

What makes Valeria stand out is not just Agrela’s mastery of form and meaning, but also its scarcity. Large-format works of this scale are exceptionally rare in the market, with auction averages reaching $95,000 and peak results topping $144,900. Offered here at a final price of €61,150, the display is entering at a 76% discount to size-adjusted gallery prices—an anomaly in today’s competitive art landscape.

Backed by 19 recorded sales and a verified provenance (Yusto/Giner and private collection), the work offers both artistic and institutional credibility. Agrela’s résumé includes solo exhibitions in Madrid, Marbella, New York, and Shanghai, as well as appearances at Art Basel Miami and ARCO Madrid. Her works are held in collections such as CAC Málaga and the National Library of Spain, reinforcing long-term collector confidence.

With the art world shifting toward feminist narratives and concept-driven aesthetics, Valeria is a cultural statement piece with a growth outlook supported by auction data, institutional validation, and collector demand. Add to this the sharp discount and defined 1–3 year holding horizon, and this display becomes an asymmetrical bet on both meaning and momentum.

Conclusion 🎯
Valeria offers rare scale, market-backed appreciation, and institutional credibility—wrapped in a culturally resonant narrative. With a steep discount and rising global interest in women-led narratives, the timing and pricing align perfectly. It’s not just about collecting art—it’s about owning the moment that defines it.

Expert

Zurani - Art Asset Management

Zurani caters to the distinct needs of family offices, wealth managers, and UHNWIs implementing investment strategies in the art market. Our expertise lies in assisting investors in navigating the global art market and optimising their portfolios. Our core services include market analysis, acquisitions, advisory services, portfolio management, risk management and estate planning. We educate partners on the opportunities and challenges of art as an asset class. Our approach is centred on understanding each partner's unique needs and providing tailored solutions accordingly.

Additional details

Asset ID
a73860cb-0961-4f2e-971b-8ca8f4be22fa
Name
Valeria
Artist
Ángeles Agrela
Publication year
2021
Size
200 x 150 cm
Signature
Hand signed by the artist
Material
Acrylic and pencil drawing on paper

Documents

Aurelio Image CEO

Aurelio

CEO & Co-Founder