FRACTIONAL ART OWNERSHIP
Fractional art ownership allows you to own and trade “shares” of fine art masterpieces in a regulated and transparent marketplace. With the expertise of Artemundi, fractional art ownership as an attractive alternative investment is now available for accredited investors and permissioned markets through our different providers.
We offer fractional art ownership in collaboration with Swiss company Splint Invest, which adheres to Finma regulations. European investors can buy and own fractions of our artworks –called splints– starting from 50 EUR per token on their platform. This product is available in permissioned markets.
In 2021, Artemundi and Sygnum Bank partnered and tokenized Picasso’s Fillette au béret painting. It marked the first time the ownership rights in a Picasso, or any artwork, were broadcast onto the public blockchain by a regulated bank, enabling accredited investors to purchase and trade “shares” in the artwork called Art Security Tokens (ASTs). This product is only available for accredited investors.
Artemundi facilitates access to digital marketplaces and reduces the art market’s entry barriers. Under Swiss banking regulations, institutional and private investors may buy, sell or trade fractionalized ownership of blue-chip artworks.
If you’re not in Europe, sign up and stay tuned! Products for other countries coming soon.
Why is fractional ownership possible today?
- Technology allows direct ownership.
- Technology transforms art into bank-grade securities on the blockchain.
- Technology allows fractionalization of the asset for diversification.
- Technology allows liquidity on secondary exchanges.
- Technology makes the underwriting, ownership, and tradability direct, safe, and accessible with the click of a button.
- Technology significantly reduces cost and counter-party risk by providing peer-to-peer transactions between buyers and sellers.
- Technology and smart contracts “if > then”, implement commands or instructions instantly, without the possibility of human error.
Why Splint Invest?
- Expertise: Splint Invest is a pioneer in fractional ownership of different alternative investment assets.
- True democratization and accessibility to alternative investments.
Why Sygnum Bank?
- Expertise; Sygnum is the world’s first digital asset bank, licensed by FINMA (Swiss Financial Market Supervisory Authority).
- Switzerland is a pioneer and an early adopter of DLT (Distributed Ledger Technology) regulations, making it one of the few jurisdictions that recognize securities natively issued on a blockchain.
SALVADOR DALÍ, The Mill Tower, 1977
SALVADOR DALÍ, Spanish (1904 – 1989)
The Mill Tower is a collage of Salvador Dalí’s later years, executed in 1977. It is exemplary of Dalí’s experimentation with three-dimensionality, his ambition to bend possibilities and to turn the tower of six intertwined seagull heads into a tangible object.
One of the most important figures of Surrealism, the unique style of Spanish artist Salvador Dalí is almost synonymous with the art movement he shaped so much. Coherent yet truly unique are each of his artworks and especially the finely executed artworks enjoy a lasting stable position in the art market. In the last two decades, the total turnover of all artworks sold at auction by the artist reached almost USD 400 millions of which a fourth were paid for works on paper such as collages, drawings, and watercolors.
Artemundi and Splint Invest have partnered to offer European Investors can acquire fractional ownership of this artwork starting at 50€, through Splint Invest’s app.
Date of issuance: September 28, 2023
Investment Available Starting at 50€
Issuer: Spectrum Utilis with Artemundi as advisor
Custodian: Splint Invest
Investment Horizon: 2 – 4 years
Secondary Trade: Splint Invest’s app
Expected return: 10% – 14%
Exit Fee: 2%
Joan Mitchell, Untitled, ca. 1962
JOAN MITCHELL, American (1925 – 1992)
Joan Mitchell’s Untitled from ca. 1962, painted shortly after settling in France, presents a vivid composition with brushstrokes intensifying and culminating in the centre of the canvas. The artist united dark blues and greens with red tones on a bright ground of whites, which is prominent on the outer edges and especially the lower part of the painting.
Following the increasing abstraction that had entered her style since her French adventure, Mitchell became an active participant in the “New York School”. In 1951, the artist exhibited among other representatives of the group in the famous “9th Street Show” organized by Leo Castelli and was able to establish herself as an important figure of the male dominated world of Abstract Expressionism.
Mitchell’s mid-century paintings may be her most sought-after. Today Mitchell is one of the most valuable woman artist alongside Frida Kahlo, Georgia O’Keeffe, Agnes Martin and Artemisia Gentileschi.
Joan Mitchell has ascended to an art market titan.
Similar paintings to Untitled can be found in museum collections around the world. The Mitchell-Monet retrospective and survey at Foundation Louis Vuitton, San Francisco Museum of Modern Art (SFMOMA) and Baltimore Museum of Art (BAM), is one unprecedented dialogue between the works of two exceptional artists.
ANDY WARHOL, Four Marilyns, 1979-86
ANDY WARHOL, American (1928 – 1987)
Paintings depicting Marilyn Monroe, while being scarcely 3% of the paintings by Warhol sold at auction since 2000, represent 17% of the total turnover. It is remarkable that works depicting Marilyn are constantly outperforming Warhol’s overall market index, Warhol’s paintings only index as well as the Artprice Global Index, by far. Further, all black and white versions offered at auction throughout history were sold, an impressive 0% BI (bought-in) ratio.
PABLO PICASSO, Fillette au Béret, 1964
PABLO PICASSO, Spanish (1881 – 1973)
The tokenization of Fillette au béret represents two additional breakthroughs for the art market. By transforming art into a tradeable, bank-grade security on the blockchain, liquid secondary markets like Sygnum’s SygnEx can directly connect buyers and sellers. This then eliminates the need for intermediaries, reducing transactional costs and bringing much-needed industry transparency.
Picassos have a proven track record for continual appreciation in value, and Fillette au béret has been subject to Artemundi’s rigorous examination, which is based on more than 30 years of experience in art investment.
Date of issuance: October 2021
Tokens issued: 100%
Issuer: Spectrum Utilis, S.L.
AST symbol: PIC1
Custodian: Sygnum Bank
ISIN number: CH8301001400
Life cycle: 96 months
Trade: SygnEx exchange (now closed)
Investment time (years): 1.4
Annualized ROI, net of all fees and expenses (of initial token holders)*: ∼15%
*Results may vary between initial token holders and others purchasing their units via the bank’s exchange (SygnEx) at different intervals and their respective pro-rata share of the administrative expenses.