The historical issuance of the art security token (AST) makes fine art ownership safe and easy
Seraina Wirz / © Succession Picasso / 2021, ProLitteris, Zürich.
PABLO PICASSO, Spanish (1881 – 1973)
Fillette au béret
Oil on canvas
25 3/5 x 21 1/4 in. (65 x 54 cm.)
Signed ‘Picasso’ right upper; dated and numbered ‘12.12.64, III’ on verso
Artistic, cultural objects of universal appeal, once reserved for an elite group of collectors or the museums, can now be safely and directly owned without the burden of high entry barriers.
by Javier Lumbreras, Artemundi CEO
12 % Optimistic Scenario: The Picasso Artprice Index for paintings, from the year 2000 to date, produced an IRR average of 14.79%
10% Neutral Scenario: Fillette au béret own price index by recorded transaction since 1964 had an ROI of 12.04% annualized.
7% Pessimistic Scenario: The lowest return achieved at any given time by Fillette au béret was 8.4% in the last 5 years. The Picasso Artprice All Art Index, which includes a broad spectrum of works from lithographs, etchings, multiples, ceramics, etc., produced an IRR average of 9.5% since the year 2000.
Fillette au béret, during the Bertil Newman Collection ownership of 37 years and seven months, grew steadily from $45,567 paid at Sotheby´s in 1979 to $3,012,991 all-in paid at auction on December 16th, 2016. This represents an 11.8% annualized ROI.
The above scenarios are based on an analysis of every painting auctioned since 1964 and every painting privately sold and publicly recorded found from 1960-1970 (79 events since 1985 and 38 private sales, respectively).