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.

Duncan McCormick creates intentionally positive and optimistic paintings. He chooses subjects that evoke memories of joyful daydreams, such as childhood holidays in Salcombe Bay on the Devon coast, which take on the essence of California and the Mediterranean. He reimagines Scottish mountain landscapes covered in snow as Alpine scenery and transforms deserted streets and empty gardens into sun-soaked spaces. 
 
McCormick starts with a thin, flat layer of pigment and applies acrylic paint rapidly, allowing for spontaneity in his work. His focus is on capturing the colors on the canvas, and the vibrant and luminous tones enhance the dream-like quality of his paintings. 
 
These artworks are a deliberate response to the arrival of Covid-19 and subsequent lockdown measures. After getting married and becoming a father of twins, McCormick moved from the London suburbs to rural North Shropshire. The isolation brought on by the pandemic led him to shift from complex, symbol-laden narratives to simpler and intentionally escapist scenes depicted in acrylics. 
 
Born in Birmingham in 1977, Duncan McCormick attended Hallfield Preparatory School and later boarded at Ellesmere College in Shropshire. With a particular talent for art, he spent a foundation year at Bournville College in Birmingham and earned a degree in art and drama from St Martin's College in Lancaster. Throughout his career, McCormick has balanced his artistic pursuits with the need to earn a living, initially working in the theater and later establishing himself as a professional printmaker with his own screen-printing press. His paintings now grace prominent private and corporate collections, including a commission by Morgan Stanley in 2018 for a series of 11 paintings in their Canary Wharf offices. Recently, his artworks have achieved notable prices at auction, attracting bidders from Taiwan, Turkey, Hong Kong, Europe, and America. 
 
His style is heavily influenced by the famous David Hockney and so his artworks are expected to develop into similar spheres. 
 
Return and cost calculation

<ul>
	<li>Total value €58,450</li>
	<li>Expected value after 4 years (balanced) €156,870</li>
</ul>

<ul>
	<li>Total fees €6,937</li>
	<li>Fees 11.9%</li>
</ul>

<ul>
	<li>Annual fees 3.0%</li>
	<li>Annual return 25.4%</li>
</ul>

The price of €62,250 includes the Splint Invest platform fee and external maintenance costs of €3,800. €58,450 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

Hedley's, 3 St Leonard's Road, North Acton, London NW10 6SX

30708 Duncan Robert McCormick, Summer Ferns, 2023

According to "The Global Art Market &amp; COVID-19 Report by Citi Private Bank, 2021", contemporary art turned a profit of 6,7 %, compared to the 5,5 % return of all the other art sectors. 
 
McCormick’s works consistently exceed their estimates by a factor of ten or more.

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

Released in: July 2023 
 
The winning bid at auctions in 2023 averaged over 11 times the estimated value.

Three reasons to invest:

<ul>
	<li>Maddox obtained the 2023&nbsp;painting directly from the artist's gallery.</li>
	<li>The average auction price in 2023 for paintings by Duncan Robert McCormick&nbsp;is 107,111€, and the highest auction result has exceeded 163,000€.</li>
	<li>This investment has a yearly potential of +25.4% over 4 years and is associated with approximately 3.0% annual costs.</li>
</ul>

Duncan Robert McCormick, Summer Ferns, 2023

The emerging artist Duncan Robert McCormick is being hailed as the "next" David Hockney. 
 
His first paintings have already been auctioned at Sotheby's. The demand was so high that the achieved proceeds exceeded the estimated value by a factor of 10.

Track Record

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. 
&nbsp;

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. 
 
Maddox is known for their sincere enthusiasm, critical thinking, innovative insights and global savoir-faire. A dedicated art advisor will start by understanding the particular goals, interests and passions, which will direct the individual investment path. 
 
The advisor will also account for the investments time frames, acquisition objectives, risk tolerance and personal preferences. Whether one is looking to acquire a Banksy or a Basquiat, a Haring or a Warhol, the team will make sure one finds the right artwork. 
 
From sourcing to selling, the advisor will always provide up-to-date and detailed market analysis and professional guidance throughout the process. Maddox will help to build an art portfolio, manage a collection, value it, decide on a holding period and exit strategy, and finally, make sure to get the most out of the investment.

Maddox Advisory

This is an investment opportunity where we have recalculated the expected performance given by the external expert (Maddox Advisoy) 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.

Duncan Robert McCormick, Summer Ferns, 2023

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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