Mei Moses just posted a quick News Flash on the strong financial returns seen at the recent Post War sales in NYC. The Average compound annual return for works in the database was 18%. As the news flash notes, it is 80% higher than the average return in the Post Wary database and nearly 70% higher than returns from the S&P 500 over the same holding period.
Click HERE for the full New Flash (under Recent Press Releases).
Continued strong returns on art should continue to develop the concept of art as an investment and major financial asset class. Post War and Contemporary art has typically been considered more volatile and also used more as a vehicle for potential financial gains. Given the strength of the current market for the category, investment attention should continue to grow. Hopefully it will draw more attention to investments in other categories beyond Contemporary and Post War.
As appraisers the more attention given to art as an asset class and true investment, the more potential we have for assignments, consultations and advisory. Art as an asset is a concept all appraisers should be aware of should promote with insurance brokers, private wealth mangers and estate planners.
Mei Moses reports
MEI MOSES® NEWS FLASH- MONSTER FINANCIAL RETURNS
ACHIEVED AT MAY POST WAR EVENING SALES©
THE EVENING SALES THIS WEEK YIELDED ALMOST 40 WORKS THAT HAD SOLD PREVIOUSLY AT AUCTION.. THE AVERAGE OF THE COMPOUND ANNUAL RETURN (CAR) FOR ALL THESE WORKS WAS 18%. THIS IS EIGHTY PERCENT HIGHER THAN THE AVERAGE CAR IN OUR POST WAR DATABASE AND ALMOST SEVENTY PERCENT HIGHER THAN THE RETURN ACHIEVED FOR EQUIVALENT INVESTMENTS IN THE S&P 500 TOTAL RETURN INDEX FOR THE SAME HOLDING PERIODS AS THE ART.
 |
No comments:
Post a Comment