Ksenia Pasyura, A Real Voice, 2025
Main reasons to invest
Return Potential📈: An investment of €500 could reach an estimated value of €1,181 in 4 years.
Cost-to-Return Ratio⚖️: With just 2.8% annual total costs (September releases with no exit fees), your net profit could be 24.0% per year.
Strong Backing 💼: Pasyura is a well-recognized voice in contemporary painting, with growing institutional support and access to elite collector circles. Her involvement in projects linked to the influential Nahmad network adds further credibility—placing her among artists poised for sustained market growth.
Description
Metric | Value |
---|---|
Investment Horizon | 2–4 Years (2027–2029) |
Expected Net ROI (Balanced) | 24.0% p.a. after costs |
Optimistic Net ROI | 30.6% p.a. after costs |
Entry Discount | ≈69% vs. most recent auction / ~66% after fees / 11% vs. gallery price / ~1% vs gallery price after fees |
Sharpe Ratio | 0.80 (vs. SMI: 0.61) |
Value at Risk (VaR) | 90% chance to exceed €58,300 (4 yrs) |
Standard Deviation | 31.0% |
Risk Rating | B (8.0/10 – Moderate Risk) |
- 2–4 Year Horizon: Strategy targets momentum window as Pasyura’s market broadens via exhibitions and auctions.
- 24.0% p.a. Balanced: Grounded in recent like-for-like sales (200×200 cm canvases) and sustained demand.
- 30.6% p.a. Upside: Assumes continued institutional tailwinds and supply scarcity of large works.
- Material Entry Discount: Offered 69% below most recent auction and 11% below current gallery price; provides safety margin.
- Sharpe 0.80: Solid risk‑adjusted profile, exceeding the SMI’s five‑year Sharpe of 0.61.
- VaR Protection: 90% probability value exceeds €58,300 after 4 years, supporting downside control.
- Volatility (31.0%): Benchmarked to Artprice100 and Banksy; appropriate for emerging blue‑chip trajectories.
- Market Validation: Few auction appearances with outsized results; institutional endorsements (e.g., Nahmad Projects, Fondazione Mudima) strengthen confidence.
We manage the exit strategy on behalf of our investors to achieve the best possible outcome based on the market conditions at the time. Depending on the 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 strong demand for the artist’s work. Both options are carefully evaluated, and we choose the one that maximizes returns for our investors.
For centuries art was collected for its cultural, emotional, intellectual, political, and economic value. Investing in emerging artists offers a mix of financial potential and personal satisfaction, making it an appealing option for both new and seasoned collectors.
In A Real Voice (2025), Ksenia Pasyura amplifies the raw urgency of self-expression, transforming her 200 x 200 cm canvas into a resonant, visual monologue. Here, the human figure is not simply portrayed but projected—twisted, open-mouthed, fragmented, and defiant. Faces emerge in layers, limbs stretch unnaturally, and color becomes a form of volume—each element echoing the struggle to be heard in a world of competing narratives.
This work is not only a continuation of Pasyura’s exploration of the grotesque and the psychological—it is a declaration. A Real Voice reinforces her position as a vital force in contemporary painting: a woman artist reshaping the visual vocabulary of identity and emotion.
Her ascent is not by chance. Represented by Nahmad Projects—backed by one of the most powerful art-collecting dynasties in the world—Pasyura’s career is nurtured by a curatorial vision and market expertise historically reserved for blue-chip masters like Picasso and Calder. This rare backing offers both credibility and a launchpad for long-term recognition.
Only two of her works have ever appeared at public auction, each achieving results many times over their estimates. In a supply-starved market, Debates enters as one of the very few available to collectors, carrying both rarity and institutional weight.
Owning this work means participating in a cultural moment where artistic innovation, female empowerment, and market momentum converge—ensuring that its significance will resonate far beyond the canvas.
A Real Voice offers a rare convergence of cultural relevance, institutional validation, and financial upside. Backed by strong market data and a compelling entry discount, it stands as both a symbol of shifting art-world dynamics and a well-positioned investment, poised to deliver impact on the wall and in the portfolio.
Expert

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.