Dalí, ‘The Mill Tower’, 1977
EXITED INVESTMENT
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 partnered to offer in European countries fractional ownership of this artwork starting at 50€, through Splint Invest’s app.
Date of issuance: September 2023
Investment exit: November 2024
Holding period: 1.1 years
Net release price: EUR 131’750
Exit price after fees: EUR 152’254
Realized ROI (net of all fees): 15.6%
Annualized return: 13.9%
Expected return: 8.2%–12.2% p.a
Press release ‘Successful Exit of Fractional Investment in Dalí’s The Mill Tower’
