The Worth of Art: How to Determine Value & Should You Invest in Art (or Not)
Date: Jun 24, 2024
Time: 6:00 PM to 8:00 PM

Over the recent years, the art market has tried to expand and find a more diverse and broad new audience. Ever since the entry of the market players like hedge funds and private equity fund managers in the 1990s and early 2000s, more and more “monied” professionals followed. Eventually, talks of the speculators in the art market ensued. This led some people to believe art is an investable asset and has led to the “financialization” of the art market we see today.

Some financial advisors started recommending art as a separate asset class and advise their clients to add art holdings to diversify their portfolios. Over the last handful of years, there has been a proliferation fractional ownership of art as well as multiple art equity and debt funds for retail, qualified, and institutional investors. Most recently, this trend culminated in the securitization of $700 million art-debt by Sothebys, as the first one of this kind to sophisticated institutional investors.

This raises some major questions:

  • Could art be considered an investable asset class or is this a mix of a passing fad and sophisticated marketing?
  • Given that the art market is unregulated, opaque, subject to trends and rarer illiquid, how is the financial value of art established?
  • Should a collector with an eye on investment buy art pieces outright or entrust existing market professionals with the selection of equity or debt diversified portfolios?
  • Could a potential art investor apply similar technics to the art valuation and investment as to other investments? If so, which ones or why not?
  • Will the “financialization” of the art market help expand the art market itself, help artists, or go “bust” and run out of steam?
Come and learn from the experts and decide for yourself if you should consider adding fine art to your portfolio.
Panelists
  • Viktoria Prigarina, Founder, ArtCrossing.io
  • Anne-Laure Allehaut, Counsel, Patterson Belknap Webb & Tyler LLP
  • Arturo Cifuentes, Ph.D., Senior Research Associate, CLAPES- UC// Catholic University of Chile
  • David Norman, Fine Art LLC
  • Elizabeth von Habsburg, Managing Director of Winston Art Group
  • Eliza Cuddy, Vice President, Lending Specialist and Auctioneer at Sotheby's
  • Rebecca Fine. Chief Executive Officer, Athena Art Finance; Managing Director, Art Investments, Yieldstreet
More speakers
  • Viktoria Prigarina
    Founder, ArtCrossing.io
  • Anne-Laure Allehaut
    Counsel, Patterson Belknap Webb & Tyler LLP
  • Arturo Cifuentes, Ph.D.
    Senior Research Associate, CLAPES- UC// Catholic University of Chile
  • David Norman
    David Norman Fine Art LLC
  • Elizabeth von Habsburg
    Managing Director of Winston Art Group
  • Eliza Cuddy
    Vice President, Lending Specialist and Auctioneer at Sotheby's
  • Rebecca Fine
    Chief Executive Officer, Athena Art Finance; Managing Director, Art Investments, Yieldstreet

Partners & Sponsors

This event was originally created for HBS Club of New York. See the page here