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David Hockney, No. 18, The Yosemite Suite, 2010
Asset value
100.900 €
Issue price per Splint
50 €
Total number of Splints
2.018
Investment horizon in years
1 to 3
Return-to-Risk Assessment
9/10
Since launch June ‘25
+0.0%
Main reasons to invest
Return Potential📈: An investment of 500 EUR could reach an estimated value of 1,025 EUR in 3 years.
Cost-to-Return Ratio⚖️: With just 3.6% annual total costs (including exit fees), your net profit could be 27.0% per year.
Discounted Entry into a Blue-Chip Legacy 💸: Entering the market at nearly 40% below auction benchmarks, this work by David Hockney offers a rare low-risk profile. With global demand surging as the artist approaches 90 and institutional interest peaking, investors benefit from both upside potential and a strong margin of safety—backed by legacy, scarcity, and timing.
Description
Investment Thesis 📝
Strong Return Opportunity Supported by Market Data
This investment is modeled over a 2-year horizon, leveraging recent auction results and projections for Hockney’s Yosemite Suite:
Balanced Scenario (CAGR, 2025–2027):
→ €164,958 | CAGR: 27.0% p.a.
Ambitious Scenario (CAGR, 2025–2027):
→ €181,403 | CAGR: 33.2% p.a.
Comparable works from the Yosemite Suite have demonstrated robust price growth, with a compound annual growth rate of 18% between 2016 and 2025. Based on our risk-adjusted return analysis, the investment yields a Sharpe ratio of 1.16, indicating strong excess return relative to its volatility. This performance, combined with Hockney’s strong market demand, underpins a compelling risk-return profile for the asset.
Strong Return Opportunity Supported by Market Data
This investment is modeled over a 2-year horizon, leveraging recent auction results and projections for Hockney’s Yosemite Suite:
Balanced Scenario (CAGR, 2025–2027):
→ €164,958 | CAGR: 27.0% p.a.
Ambitious Scenario (CAGR, 2025–2027):
→ €181,403 | CAGR: 33.2% p.a.
Comparable works from the Yosemite Suite have demonstrated robust price growth, with a compound annual growth rate of 18% between 2016 and 2025. Based on our risk-adjusted return analysis, the investment yields a Sharpe ratio of 1.16, indicating strong excess return relative to its volatility. This performance, combined with Hockney’s strong market demand, underpins a compelling risk-return profile for the asset.
Risk Profile and Volatility Benchmarking
Risk modeling applies recent price volatility for Hockney’s editions, resulting in a Value at Risk (VaR) where there is a 95% probability that the value exceeds €100,100 after 2 years—providing a robust margin of safety relative to the €98,950 acquisition price.
Risk modeling applies recent price volatility for Hockney’s editions, resulting in a Value at Risk (VaR) where there is a 95% probability that the value exceeds €100,100 after 2 years—providing a robust margin of safety relative to the €98,950 acquisition price.
Attractive Entry with Validated Fair Value
The acquisition price of €98,950 represents a 29% discount to the current gallery price (€140,000) and a 39.8% discount to the most recent size-adjusted auction result (€164,240, April 2025). This favorable entry point provides a significant margin of safety and strong upside potential compared to both gallery and auction benchmarks.
The acquisition price of €98,950 represents a 29% discount to the current gallery price (€140,000) and a 39.8% discount to the most recent size-adjusted auction result (€164,240, April 2025). This favorable entry point provides a significant margin of safety and strong upside potential compared to both gallery and auction benchmarks.
Rarity, Exclusivity, and Institutional Validation
No. 18, The Yosemite Suite has never been offered at auction and is not available on the public market, underscoring its scarcity. As a limited edition of 25, its low supply has historically led to sharp price increases. Institutional shows such as the 2016 de Young Museum exhibition and the 2025 Fondation Louis Vuitton retrospective reinforce Hockney’s status. In 2023, his auction sales totaled $132 million, with prints comprising up to 25%.
No. 18, The Yosemite Suite has never been offered at auction and is not available on the public market, underscoring its scarcity. As a limited edition of 25, its low supply has historically led to sharp price increases. Institutional shows such as the 2016 de Young Museum exhibition and the 2025 Fondation Louis Vuitton retrospective reinforce Hockney’s status. In 2023, his auction sales totaled $132 million, with prints comprising up to 25%.
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 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.
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 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.
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? 💎
David Hockney’s No. 18, The Yosemite Suite represents the intersection of masterful artistry, innovation, and scarcity. Produced in 2010 during Hockney’s digital phase, this iPad drawing printed on wove paper remains one of the few digitally-born fine art pieces to gain institutional acclaim. It is hand-signed and stamped by Hockney himself and forms part of a highly limited edition of only 25. Uniquely, this particular piece has never appeared at auction or in public sale, making its market debut an event in itself.
Comparable iPad-based works like The Arrival of Spring in Woldgate saw value grow fivefold—from ~$30,000 to over $150,000—between 2015 and 2022 due to scarcity. Similarly, other Hockney digital prints (Yosemite II, The Arrival of Spring, No. 510) have sold for €350,000+, reinforcing strong market appetite.
On the institutional side, Hockney is a mainstay: The Yosemite Suite featured in the 2016 de Young Museum’s David Hockney: A Bigger Exhibition. In Spring 2025, Fondation Louis Vuitton showcased 400 of his works spanning seven decades, securing his relevance into the future. In 2023 alone, Hockney’s global auction sales topped $132 million, with prints contributing 20–25% of that sum.
This specific work—No. 18—is an early digital Hockney, institutional-grade, and uncirculated. It sits at the center of a narrative where limited supply meets cultural demand.
David Hockney’s No. 18, The Yosemite Suite represents the intersection of masterful artistry, innovation, and scarcity. Produced in 2010 during Hockney’s digital phase, this iPad drawing printed on wove paper remains one of the few digitally-born fine art pieces to gain institutional acclaim. It is hand-signed and stamped by Hockney himself and forms part of a highly limited edition of only 25. Uniquely, this particular piece has never appeared at auction or in public sale, making its market debut an event in itself.
Comparable iPad-based works like The Arrival of Spring in Woldgate saw value grow fivefold—from ~$30,000 to over $150,000—between 2015 and 2022 due to scarcity. Similarly, other Hockney digital prints (Yosemite II, The Arrival of Spring, No. 510) have sold for €350,000+, reinforcing strong market appetite.
On the institutional side, Hockney is a mainstay: The Yosemite Suite featured in the 2016 de Young Museum’s David Hockney: A Bigger Exhibition. In Spring 2025, Fondation Louis Vuitton showcased 400 of his works spanning seven decades, securing his relevance into the future. In 2023 alone, Hockney’s global auction sales topped $132 million, with prints contributing 20–25% of that sum.
This specific work—No. 18—is an early digital Hockney, institutional-grade, and uncirculated. It sits at the center of a narrative where limited supply meets cultural demand.
Context in Time ⏳
Created in 2010 and part of a landmark institutional exhibition in 2016, No. 18 resurfaces in 2025 as institutional appetite for digital-origin fine art grows. Its absence from the market for 15 years coincides with a resurgence in demand for digitally created yet traditionally valued artworks—making its timing especially potent.
Created in 2010 and part of a landmark institutional exhibition in 2016, No. 18 resurfaces in 2025 as institutional appetite for digital-origin fine art grows. Its absence from the market for 15 years coincides with a resurgence in demand for digitally created yet traditionally valued artworks—making its timing especially potent.
Conclusion 🎯
Hockney’s No. 18, The Yosemite Suite is a sealed, signature-grade work from a blue-chip artist—an asset where artistic legacy meets market scarcity. Its institutional validation, unbroken provenance, and explosive comp history make it a landmark opportunity in contemporary print collecting.
Hockney’s No. 18, The Yosemite Suite is a sealed, signature-grade work from a blue-chip artist—an asset where artistic legacy meets market scarcity. Its institutional validation, unbroken provenance, and explosive comp history make it a landmark opportunity in contemporary print collecting.
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
ffbf6072-7caa-4989-a465-056751952c16
Name
No. 18, The Yosemite Suite
Artist
David Hockney
Publication year
2010
Size
94 x 71 cm
Number of editions
Edition of 25
Signature
Hand signed and numbered by the artist with the artist’s blindstamp
Material
Ipad drawing in colours, printed on wove paper with full margins
