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.

Albert Willem, born 1979, is a contemporary figurative artist from Brussels known for his naïve-style paintings full of wit and humor. He often paints in acrylics on canvas and depicts everyday life in a light-hearted yet ironic manner, often avoiding more complex themes. His works often show humorous moments in everyday life, such as people fighting at a wedding or an infinite conga line. He draws on humor to cope with his past and present fears, including fear of dance floors. His painting style is heavily influenced by the likes of LS Lowry, James Ensor, and Breugel the Elder, incorporating a sense of normalcy and primitivism while bringing a 21st-century twist. Willem has exhibited his works in Germany, Russia, and Belgium. 
 
Albert Willem's rise to fame has been nothing short of remarkable. Even he himself was surprised by his success, remarking to Artnet News, "This being the 21st century, a lot of crazy things happen in the world. I guess this is just another." His debut painting Pilgrim Street 8 (2021), which had an estimate of $8,000 to $12,000, sold for an astounding $69,000. Of the 14 works that sold at auction in 2022, half have sold for more than $150,000, despite having estimates in the range of $10,000 to $15,000. 
 
Return and cost calculation 
&nbsp;

<ul>
	<li>Total value €58,900</li>
	<li>Expected value after 4 years (balanced) €124,146</li>
</ul>

<ul>
	<li>Total fees €6,283</li>
	<li>Fees 10.7%</li>
</ul>

<ul>
	<li>Annual fees 2.7%</li>
	<li>Annual return 18.0%</li>
</ul>

The price of €62,700 includes the Splint Invest platform fee and external maintenance costs of €3,800. €58,900 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

30707 Albert Willen, Shoppers In The Snow (feat. Breugel the Elder), 2021

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. 
 
Willem'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: June&nbsp;2023 
 
At the last auction in June 2023, the hammer price was above 17 times the appraised value.

Three reasons to invest:

<ul>
	<li>Maddox obtained the 2021&nbsp;painting directly from the artist's gallery.</li>
	<li>The average auction price in 2023 for paintings by Albert Willem is 85,963€, and the highest auction result has exceeded 215,000€.</li>
	<li>This investment has a yearly potential of +18% over 4 years and is associated with approximately 2.7% annual costs.</li>
</ul>

Albert Willem, Shoppers In The Snow (feat. Breugel the Elder), 2021

The Belgian artist Albert Willem taught himself to paint. His paintings suddenly fetch six-figure prices at auctions.

The first paintings have already been auctioned at Sotheby's. The demand was so great that the proceeds exceeded the estimated value by a factor of 7.

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. 
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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.

Albert Willem, Shoppers In The Snow (feat. Breugel the Elder), 2021

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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