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 $1,7 trillion global marketplace for art and collectibles will reach a forecasted $2,1 trillion by 2023.

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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 Miguel Covarrubias? 
Miguel Covarrubias: The Versatile Visionary (1904-1957) 
Miguel Covarrubias was a Mexican painter, caricaturist, illustrator, ethnologist, and art historian, leaving an indelible mark on American art and promoting Mexican culture across borders. His relocation to New York catapulted him into the world of top magazines, ultimately earning him the title of Vanity Fair magazine's premier caricaturist. Today, his work stands proudly beside the artistic contributions of Frida Kahlo, Diego Rivera, and other 20th-century Mexican art luminaries. The Covarrubias market has experienced significant growth since 2011, with its index surging by approximately 170 percentage points, surpassing even art market giants like Pablo Picasso and Claude Monet during the same period. 
 
Why this Art Piece? 
A Glimpse of Mexican Heritage: "Juchitecos Dancing the Son" 
In this vibrant paper artwork, Mexican artist Miguel Covarrubias captures a quintessentially Mexican scene - the Juchitecos dancing the Son, a traditional dance that remains popular and emblematic of Juchitan's culture in Mexico. The scene unfolds like a living storybook, with two dancing couples in the foreground, surrounded by eager dancers awaiting their turn. The women are adorned in intricately embroidered traditional dresses, showcasing the region's colorful patterns. As they swing their skirts, they are courted by men whose simple attire accentuates the women's wardrobe. Notably, this splendid representation of traditional clothing earned the artwork a feature in Vogue magazine in 1942, titled "Woman of Fashion." 
 
A Dedication to Friendship: The Holger Graffman Connection 
Covarrubias, sharing a birth year with Salvador Dali and counting Frida Kahlo and Diego Rivera as friends, dedicated this artwork to his friend Holger Graffman, a Swedish collector and patron of Mexican art. Over time, the artwork transitioned from Graffman's heirs to a private collection, ultimately finding its way into the possession of the current owner. Remarkably, this masterpiece has remained hidden from public view throughout its history, creating anticipation for its public debut, offering accessibility for researchers and art enthusiasts alike. 
 
Unveiling a Hidden Gem: The Opportunity for Public Display 
Since its creation in 1942, this artwork has not graced the public eye through exhibitions, presenting a unique opportunity to enhance its value. Its portrayal of a traditional Mexican scene and its representation of Mexican culture make it particularly enticing to museums and institutions. Furthermore, its recognition in Vogue magazine in 1942 underscores its significance as a piece of Mexican history interwoven with American life and culture, exemplifying the profound connection between these two great nations. 
 
Investment Potential: Covarrubias' Market Appeal 
Covarrubias' depictions of traditional and folkloristic scenes consistently enjoy market appreciation, consistently surpassing high estimates. Moreover, the valuation of this selected artwork concluded with a higher price than its purchase cost, establishing an inherent margin for investors. This unique opportunity not only reduces risks but also provides additional security, making it an attractive proposition for potential investors.

The price of €132,000 includes the Splint Invest platform fee and external maintenance costs of €7,000. €125,000 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

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

30719_Covarrubias_Juchitecos dancing the son_1942

The prices at auctions for comparable artworks by Miguel Covarrubias, taking into account the medium, content, size, and year of creation, have increased on average by 31% in inflation-adjusted terms since 2011. 
 
Notably, this masterpiece has remained hidden from public view throughout its history, creating anticipation for its public debut and providing accessibility to researchers and art enthusiasts alike.

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

Release: 26 October 2023 - 6 PM CEST 
 
Covarrubias is one of those artists with considerable demand for his works on paper, which include drawings, watercolors, gouaches, and other techniques, and contribute 46% to the total turnover of his auction sales.

Miguel Covarrubias, Juchitecos dancing the son, 1942

Covarrubias' depictions of traditional and folkloric scenes consistently enjoy rising market prices and regularly exceed estimated values. Furthermore, the evaluation of this selected artwork resulted in a higher price than the acquisition cost, creating a built-in margin for investors. This unique opportunity not only reduces risks but also provides additional security, making it an attractive proposition for potential investors.

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.

Miguel Covarrubias, Juchitecos dancing the son, 1942

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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