Art Partners' mission statement is to generate profits through the acquisition and sale of carefully selected works of post-war and contemporary art, taking advantage of market conditions. The post-war and contemporary art category has enjoyed continuous growth during the past decade.
Art Partners I started operating on September 2007 and has thus far returned to its investors approximately 50% of their committed capital. During this period the Fund acquired and sold works by Takashi Murakami, Rudolf Stingel, Cindy Sherman and others.
Today we are in the process of establishing Art Partners II that is a second fund managed by the same team. For further information contact us.
Art Partners team is comprised of experienced professionals from the art industry and persons with substantial business experience in private equity. These people include Gil Brandes, Amalia Dayan, Mark Fletcher, Nechemia (Chemi) Peres, Isaac Hillel and Vered Gadish.
Gil Brandes is an experienced private art collector and a partner in Naschitz Brandes, one of Israel's leading law firms. Amalia Dayan is a private art dealer and co-owner of Luxembourg & Dayan, a private art dealership based in New York. Previously Ms. Dayan was co-owner of Bortolami Dayan, a New York gallery. She also held positions with Gagosian Gallery, Phillips de Pury & Company and Deitch Projects in New York. Mark Fletcher is the founder of Artha Advisory, a consulting firm which focuses on assisting collectors to develop their art collections. Prior to establishing Artha Mr. Fletcher held positions with Barbara Gladstone Gallery and Anthony d'Offay Gallery. Chemi Peres is a Managing General Partner and Co-Founder of the Pitango Group of venture capital funds, which is the largest group of venture funds operating in Israel. Chemi serves on the boards of numerous Pitango portfolio companies. He is one of the founders of the IVA (Israel Venture Association). Isaac Hillel is a Managing General Partner of the Pitango Group, which he joined in 2000, where he manages investments in the information technology industry and serves on the Board of Directors of various Pitango portfolio companies. Previously Isaac served as an Executive Vice President at NEC Computers International.
Vered Gadish is co-founder and former director of Outset Contemporary Art Fund in Israel as well as an art consultant assisting Israeli collectors to develop and enhance their private art collections. Previously she had been working with Christie's Tel Aviv, and prior to that she was the curator of Doron Sebbag Art Collection.
The estimated size of the Post-War and Contemporary Art market exceeds US$6 billion per annum. Approximately half of the trade in this market is occurring at auction houses. The US and European auction markets of Post-War & Contemporary Art increased from $254 million (2000) to $2.1 billion (2011) to $2.73 billion (2012).
The growth of art market in Asia, Middle East and South America paired with the development of its infrastructure (Internet, technology, online art fairs, auctions, numerous art fairs worldwide) over the past decade increase interest in art as asset class, presenting an alternative to stocks, bonds, real-estate, gold and other investment avenues. Investment in art is more widely recognized by private wealth managers who show awareness and growing interest in offering wealth management services related to art and collectibles.
The performance of Fine Art (a wider scope of art than Post-War and Contemporary Art) as an asset class appears to have limited correlation with the performance of other asset classes, especially stocks and when measured over time has proven either to match or to outperform equities in all periods between 2000 – 2011 (Mei Moses report. This report shows Post-War average return per annum for that period to be 11.38%).
The maturity of the art market in general as a new asset class and as an investment tool has become one of the best performing asset classes in recent years and is likely to continue in line with global growth and the continuation of the strong flow of investments by new and old investors. With the creation of new wealth, new collectors deem art as a differentiating factor among the rich, as art is an original, unique and rare element with high cultural and social values. Art's extraordinary status may allow, if wisely selected, an exclusive and sought after investment alternative.
With that in mind, we are set to establish Art Partners II during the second half of 2013.
For further information please contact us.