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AA: In your experiences, is art a solid investment?




 SB: The markets are always fluctuating from the perspective of an investor. Investors want something stable, and you know this.



 what's stable? A Picasso. The work of Picasso.



 Art intrinsically has all the above values Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line
and can be used as an alternative asset category. It also offers low volatility as opposed to stocks that are susceptible to volatility. 


 An example: One day could see losses of double-digits. Art gives investors the chance to convert some of their liquid funds into an asset that is suited to safeguarding and



 In times of extreme uncertainty, how can you increase wealth



 Javier Lumbreras was a collector investor, Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line philanthropist, and investor who founded The Guernica V Fund. His first fund was established in 2008, shortly following Lehman Brothers had collapsed. 


 Brothers broke up. The market for art was at its lowest point at the time, and you could still purchase great artwork that was significant historically but was priced lower.



 They are still worth millions of dollars, however, they were much less costly due to the recession.



 There were certain collectors then,   Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line very high net worth individuals, who were looking to sell some of their possessions and get cash flow. Meanwhile, other


 Investors were interested in investing in blue-chip art as an asset type since it wasn't correlated against the S&P 500. Like can be used during times of political or economic turmoil



 This is a great time to diversify portfolio and purchase art, as we see right now.



 A portfolio with artworks in it will  Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line usually have 10-20% less risk than one without. We saw this in 2008: The S+P 500


 The Moses Mei art index fell 4.5%, while it fell by 37%..



 So the fund acquired these pieces with the intent to sell these pieces later and waited three to five years to sell. By that time, the market had more



 The fund and Liquidity were capable of  Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line finding buyers and selling works at the right time using their extensive network, and even leverage geographically


 the arbitrage of currencies to its advantage. The  Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line launch in 2008 of the Artemundi Global Fund was a great success. Investors experienced an increase of 19.


 return.



 Covid caused markets to be extremely  Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line unstable, and it was the perfect time to launch another fund. This is the reason for the GuernicaV 


 fund. Guernica V fund has a very high buy-in (Guernica V is priced at $200,000). However, in the event that this isn't feasible, there are alternatives.



 options available. You don't actually have to  Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line Cozy Line buy an expensive Picasso to see a decent return -- when you have an eye.


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