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.

"The artwork is offered significantly below its market value, which allows for immediate built-in gain for investors" - Javier Lumbreras, CEO at Artemundi. 
 
 
Who is Salvador Dali? 
 
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. 
 
Salvador Dalí: A Surrealist Icon 
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. 
 
Twin Art 
The chosen artwork does not only follow the positive trend set out by the Dalí works on paper market but also holds another considerable argument in its favor: this artwork is actually the complement to “Hidden Faces”, the cover that Dali created including the Mona Lisa, offered last year by Artemundi. While “Hidden Faces” decorated the front of his only novel (Rostros Occultos), “End” was intended to be the back cover and consequently the two works are connected artistically. In Dali’s home country Spain, Rostros Ocultos (Hidden Faces) was censored: thirty pages of eroticism did not make it to print and only saw the light in France, England and the United States. From experience, art historical importance like this positively translates to an artworks market value. 
 
Why "End"? 
A skull with crossed bones in the center of the artwork is topped by the word FiN (Spanish: end), which gives the title to the work. While the skull appears painterly elaborated and detailed, the bones are painted with broader and less precise brushwork, loosely indicating the shadows of the objects. The equally yellowed skull that forms the centerpiece of the composition is covered by three wasps, which seem to move over its deteriorating structure. To the upper right of the skull and like a visual extension of the written word FiN, there is a little figure with Catalan barretina and crutch. Both, the figure as well as the skull and bones are painted with bright colours that contrast the grey background owed to the uncovered support, which is grey cardboard. Below the crossed bones, Dalí placed his signature and dated the work in prominent manner including the inscription “BRUNETiTiTiTiTUS / G. S. D.”. The present artwork has been in only one private collection before being bought for fractional ownership and is entirely new to the market, something that generally positively affects the price.

The price of 99,850 € includes the Splint Invest platform fee and external maintenance costs of 4,850 €. 95,000 € can be allocated to the asset. 
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

MÖBEL-TRANSPORT AG,&nbsp;Gaswerkareal,&nbsp;CH-8010 Zürich

40733_Salvador Dalí_End 1952

Dalí’s representations of skulls reach prices of up to seven times the purchase price: in 2020, the year of the pandemic, a skull by Dalí sold for over 736 thousand USD. The artwork is offered significantly below its market value, which allows for immediate built-in gain for investors.

Return

Comparable artworks by Salvador Dalí in terms of medium, size, year of creation and content have a 100% sell-through rate at auction in the last two decades.

Stability

Dalí's representations of skulls reach prices of up to seven times the purchase price: in 2020, the year of the pandemic, a skull by dalí sold for over 736 thousand USD.

Salvador Dalí, End, 1952

Dalí's pieces, spanning from sketches to collages and watercolors, stand as a direct and lasting embodiment of his artistic breakthroughs. Especially remarkable are his creations from the 1950s, which stay faithful to his unique style, showing steady auction prices with few instances of being unsold. The artwork "End", previously held in a private collection, is now available for fractional ownership, marking its debut in the market, which typically boosts its value.

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, End, 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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