Artvest is an independent art advisory firm that provides investment advice for the art market. The firm’s mission is to help its clients make sound art investment decisions and use art as a vehicle for long-term wealth preservation and capital growth. In addition to navigating the primary and secondary art markets on behalf of its clients, Artvest designs customized art portfolios, creates investment partnerships and assists clients in transferring art collections to their heirs or satisfying philanthropic visions. Artvest negotiates with lenders and auction houses and plays an advisory role with attorneys, dealers, insurers and other art world professionals.
The art market is complex, opaque and unregulated, making it difficult for all but the most experienced to navigate, and sound, unbiased advice is essential. Artvest was founded by former auction house executives with an extensive global network and firsthand knowledge of the various deal structures, marketing tools and selling strategies employed by art market professionals. The partners also have significant experience in financial services, allowing them to understand the role of art within a diversified investment portfolio. Drawing upon these diverse skill sets, Artvest provides collectors with a process-driven, strategic approach and risk evaluation typically reserved for other asset classes.
Artvest tracks trends in the market using proprietary indexes created in partnership with Art Market Research. Understanding trends in the overall market and in market subsectors allows Artvest to advise on the investment potential of prospective auction or private purchases and guides the when sourcing works through their global network of fine art specialists, dealers and collectors. The firm offers enhanced appraisals for specific works of art or entire collections, providing current assessments of price as well as anticipating future value based on developments in the market for a particular artist, period or genre of work. Prior to any purchase, Artvest performs a thorough analysis of risk and liquidity, due diligence and title verification. If necessary, the firm arranges the most suitable financing and then structures the acquisition of the appropriate works of art.
Artvest has the experience and resources to evaluate auction house estimates in the context of the market and to determine the ideal auction house, location and market timing for each sale. They then negotiate on the client’s behalf to minimize the risks of selling at auction while maximizing the potential for return. If selling unusual, rare or unique works of art, Artvest determines if selling privately is a more appropriate option and sources buyers through its global network.
Financial advisors seldom have the breadth of knowledge to effectively evaluate their clients’ art holdings in the context of overall financial planning. The art and financial markets are different in almost every respect, but both must be carefully considered when assessing the risk of a client’s portfolio. Artvest works with financial advisors, family offices and other fiduciaries to analyze and properly integrate a client’s art holdings into his asset allocation methodology. The firm focuses on art holdings from a composition, risk, valuation and liquidity perspective. Artvest safeguards the integrity of the client-advisor relationship as a critical component of the firm’s service.
Art has proven to be a good store of value in inflationary times, and many savvy investors have profited from owning works of art, but art investments can be risky. In a market that is highly opaque, unregulated and lacking objective measures of value, access to information is a critical requirement to financial success. Knowledge and proper guidance are crucial for making responsible investment choices, and Artvest provides detailed analysis of the overall art market as well as for particular artists, genres and categories of art. Artvest helps its clients create a detailed investment strategy, taking into consideration factors including diversification, holding period, liquidity, exit strategy and the best-suited legal structure for tax purposes.
Artvest does not directly lend against art. Artvest has a comprehensive list of financing relationships and is ideally suited to address the widest range of borrower profiles. This encompasses the most competitive borrowing rates for clients that are liquid and diversified to higher rate financing for those who are limited to pledging art assets without recourse. The fact that Artvest does not lend off its own balance sheet allows the firm to be objective in negotiating the most advantageous terms for the client.
Artvest does not currently manage its own art fund but the firm does advise on structuring art funds and other art investment vehicles. The firm also maintains ongoing analysis and comprehensive research on the art fund landscape and provides due diligence and insights to clients prior to any capital commitment.
Artvest provides services to a wide range of clients including new and established collectors, investors, wealth managers, family offices, financial intermediaries and private banks.
Artvest receives its compensation from transaction and consulting fees. In all instances, Artvest believes in full transparency and all fees are disclosed from the outset.
Artvest is always seeking motivated interns to support the team in all aspects of operations. Artvest generally requires a commitment of at least three days per week for a minimum of three months. Applicants should be organized, responsible and detail-oriented with strong research and computer skills. Knowledge of Mac operating systems, Powerpoint and Excel are essential. Candidates should currently be pursuing an undergraduate or graduate degree in art history, art business or a related field and should have a strong interest in understanding art as an investment. All internships are unpaid. Interested applicants should email a resume and cover letter to Erica Waldbaum at firstname.lastname@example.org