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

Purchase price of the painting

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 Salvador Dali? 
Salvador Dalí: A Surrealist Icon 
Salvador Dalí, born in Figueres, Spain, in 1904 is one of the most popular artists of the 20th century and his work is exemplary for Surrealist art. His paintings, sculptures and works on paper adorn the most prestigious museums around the world including the Museum of Modern Art (MoMA) in New York, The National Gallery in Washington DC and the Tate Modern in London. Dalí’s creations shaped art history and were often inspired by his most important muse, his wife Gala, whose name features in many of his signatures. 
 
Coherent yet truly unique are each of his artworks and especially the finely executed masterpieces enjoy a lastingly stable position in the art market. Although one of the most recognizable artists of our times, the Dalí market remains more accessible when compared with other top-level artists. In the last two decades, the total turnover of all artworks sold at auction by the artist reached almost USD 400 million of which a fourth were paid for works on paper such as collages, drawings and watercolors, a remarkable percentage in comparison to other high-ranking artists. 
 
Why "The Mill Tower": 
This work is new to the market 
The artwork is new to the market, and since leaving the artist's studio, it remained in the same private collection until Spectrum Utilis acquired it with Artemundi as the advisor. It is not only “fresh” to the market but equally newly available to academia, leaving space for the artwork to be studied by researchers as well as the market and the general public. 
 
Comparable artworks consistently increased in prices in the last two decades at an average price considerably above the release price, potentially allowing for a significant margin. The present artwork belongs to a group that regularly outperforms the index of all of Dalí’s artworks sold at auction, making it an interesting investment opportunity. 
 
Dalí's 1977 Creation: A Surreal Perspective on Seagull Heads and Towers 
Six intertwined heads of seagulls in profile prominently occupy the greatest part of the foreground of this 1977 creation by Salvador Dalí. Placed against a backdrop of a painted brick tower, the seagulls’ heads repetitive arrangement mirrors the towering structure with the birds’ peaks echoing ascending ladder steps or different floor levels. The suggested brick pattern in the feathers of some of the seagulls confirms the swirling animal fusion actually to be a steady and rigid entity of considerable weight, which makes the floor bend below. Conceived as a draft for a three-dimensional work of architecture a mill tower in fact, or a study for a sculpture, the artist included its signature crutch on the upper right where it is placed on top of one bird’s peak to support another peak, consciously breaking with perspective. 
 
3-dimensional masterpiece - hidden treasure 
The artist’s great interest in optical illusion was further confirmed during a recent conservation procedure: glued to the back of the artwork was a promotional article about Polaroid’s advances in 3-D cameras. Dalí, who in the 1960’s himself featured in a Polaroid advertisement, must have attached the article to underline the three-dimensional intentions of his project. This discovery does not only allow for a better interpretation of the collage itself, but it also transforms this particular artwork into a quintessential proof of Dalí’s artistic process making it an important work for the study of his entire oeuvre.

The price of €131,750 includes the Splint Invest platform fee and external maintenance costs of €6,750. €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

30714_Salvador Dali_The Mill Tower_1977

Prices for comparable artworks by Salvador Dalí in terms of medium, size, year of creation and content that sold at auction in the last decade increased on average 29%. 
 
During the removal of the old carboard support, a printed article attached to the back of the artwork was unveiled and allows for new studies of and perspectives on the artwork and Dalí’s creative process. This academic importance translates to market value and certainly will have a positive effect on the future sale price of The Mill Tower.

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

Comparable artworks, considering content, size, year and medium, significantly outperform the overall Dalí market, especially in the last five years. Prices for comparable artworks increased on average 29% during the last decade.

Salvador Dalí, The Mill Tower, 1977

Comparable artworks by Salvador Dalí in terms of medium, size, year of creation and content have a 100% sell-through rate at auction in the last 20 years. Over two-thirds sold above the high estimate at consistently increasing prices.

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.

Salvador Dalí, The Mill Tower, 1977

Asset's Life Cycle Details

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Expert

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Status

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Date of issuance (launch)

Issue price per Splint

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Time period for the divestment

Documents

Aurelio

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