Stingel, ‘Untitled’, 2009

Untitled (2009) exemplifies Rudolf Stingel’s signature approach—merging monochromatic tones with intricate ornamentation to challenge traditional notions of painting. This striking oil on canvas features a black and dark gray composition that creates a powerful illusion of depth, with vanishing perspective lines that seem to extend beyond the canvas itself. Deeply influenced by Baroque and Rococo aesthetics, the work transforms decorative patterns into conceptual explorations of space and perception.

Stingel is widely regarded as one of the most compelling living artists to invest in today. His paintings represent 86% of his total $243 million auction turnover since 2000—with over 90% of that occurring in the past fifteen years—underscoring the resilience and continued growth of his market. With full institutional recognition and strong representation by top-tier galleries such as Gagosian, demand for his work remains high, reinforcing price stability in both the primary and secondary markets.

Based on our previous success with Stingel’s work, Artemundi is making a rare exception to its usual policy of investing only in deceased artists. This decision recognizes:
(I) that Stingel is a mature, accomplished artist with full institutional validation and a secure place in art history,
(II) the exceptional investment potential of this piece, and
(III) our previous successful experience with this artist.

In partnership with Splint Invest, Artemundi invites European investors to acquire fractional ownership of Untitled (2009) starting at just €50. Investments can be made directly through the Splint Invest app, where you’ll find full details about this opportunity.

Date of issuance: April 4, 2025, at 9 AM CET
Investment Available Starting at 50€
Issuer: Spectrum Utilis with Artemundi as advisor
Custodian: Splint Invest
Investment Horizon: 3-5 years
Expected Return p. a. (3-5 years): 20.5-30.0%
Average Price Increase in Comparable Sales, Inflation Adjusted: 33%
Secondary Trade: Splint Invest’s app
Exit Fee: 2%

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