Beautiful Asset Advisors/Mei Moses Family of Art Indexes just release their June world all art index results. The index remains in the positive for the year, and art continues to lead equities for YTD. From June sales at Christi's and Sotheby's, 635 repeat sales were tracked, with an average time between sales of nearly 19 years and less than 10% were from the Old Master/19th Century category. The index has a YTD increase of 3.8%.
Mei Moses reports
Source: Beautiful Asset AdvisorsBEAUTIFUL ASSET ADVISORS® LLC 7/20/2015
INSIGHTS ON ART MARKET FINANCIAL PERFORMANCE THROUGH
JUNE 2015 BASED ON THE MEI MOSES® FAMILY OF ART INDEXES©
JIANPING MEI & MICHAEL MOSES
FAIR JUNE AUCTION SALE RESULTS HELPED KEEP THE MEI MOSES® WORLD ALL ART INDEX IN POSITIVE TERITORY FOR THE YEAR. U.S. EQUITIES REMAIN NEAR THEIR ALL TIME HIGHS BUT THEY CONTINUE TO SLIGHTLY UNDER-PERFORM ART ON A YEAR TO DATE BASIS.
THE WORLD WIDE AUCTION ART MARKET IN JUNE SHOWED A STEADY RESPONCE TO GLOBAL ECONOMIC AND STOCK MARKET VOLATILITY. HOWEVER THE YEAR TO DATE INCREASE OF 3.8% IN THE MEI MOSES® WORLD ALL ART INDEX THROUGH JUNE MOVES BELOW ITS HIGH POINT OF THE YEAR OBTAINED IN MAY. ©
MONTHLY TRACKING GRAPH THROUGH JUNE 2015
June is one the busiest month of the spring international auction calendar. Most of the sales took place in London, Europe and Hong Kong where Traditional Chinese (TCWA), Impressionist and Modern (IMPMOD) and Post War and Contemporary (PWC) sales were featured. Our data collection and reporting efforts based on 38 Sotheby’s and Christie’s world wide auctions that occurred in June produced 635 repeat sale pairs representing all collecting categories except American and Latin American Paintings. These pairs allowed us to create the Mei Moses® world all art tracking index for June 2015 which produced the aforementioned 3.8% gain as compared to the closing value for year end 2014. We need to point out that the tracking result is based on the assumption that all the pairs collected to date in 2015 are used to estimate the year end result assuming no other pairs are added to the database throughout the remainder of 2015. Thus the June tracking result would be the calculated year end result based on that assumption.
The biggest June sales were in the IMPMOD and PWC categories in London and several other European cities followed by Traditional Chinese works of art (TCWA) in Hong Kong.
The average auction interval of the 635 objects was about 18.8 years. This is not unusual considering that less than 10% of the results were from the OLM19C category.
Please note that prior performance of our indexes does not guarantee future results. In addition, there is no guarantee that random collections of individual works of art or stocks will yield index returns. We are not financial advisors and we are not in the business of recommending art as an investment. We also have no comparative advantage in forecasting the future direction of the art market. Investment decisions should be based on the risk return tolerance and time horizon of the investor with, if desired the support of a licensed financial advisor. This information is provided "as is" and with no representations or warranties either express or implied of accuracy, merchantability, fitness for a particular purpose or of any other nature are made with respect to this information or to any expressed views presented in this information.
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