Mispriced Art: LS Lowry RA (1887-1976)
We spot over priced and under priced art using econometrics.
Over a thirty year period famous UK artist LS Lowry has yielded returns of 16% per year. He is the market leader in Modern British art with good upside potential. Our econometric models valued “The Beach at Penarth” between GBP 200,000 – 250,000. At a London auction in 2004 it sold for a hammer price of GBP 130,000 a bargain price for the purchaser. Today the painting is worth over 10 times in excess of GBP 1.5 million.
There have been two art market recessions in the early 1990’s and in 2008 when prices fell substantially Uninformed buying has seen art sectors rise and fall sharply in value due to investors spending large sums on mediocre paintings by famous names
An art index takes a general reading of the art market.
We go DEEPER from general to SPECIFIC. We go across art sectors, schools and artists We source and negotiate the sale or purchase of a SPECIFIC art work.
Photo: Roger with LS Lowry paintings “The Beach at Penarth” and “Yacht at Lytham” (ex Sir Elton John)
We specialise in traversing all the facets of the art market, helping our clients buy the correct art for a long term solid investment.
MISPRICED ART - SPOTTING BARGAINS
FINE ART SEARCH & ACQUISITION, ART PRICE COMPARISON,
ONLINE ART BUYER SERVICES,DIGITAL & LIVE ART AUCTION ADVISORY, FAMILY OFFICE ART SERVICES
ART VALUATION & ART PRICE CONSULTANTS,
ART MARKET INVESTMENT & ECONOMETRIC FORECASTING CONSULTANTS,
Over the next twelve months, due to the Coronavirus, works by the likes of Pablo Picasso, Impressionists and many others, will fall 10% to 20% in value, while works by less established artists, (those whose works are not in major museums) could fall as much as 50%. The luxury market for chattels is due to fall 30% in line with disposable income. Many art collectors are seeking art loans rather than a sale.
One problem is that the postponement of public auctions gives the market much less visibility on where works are being priced. If you can buy a great British artist like Augustus John, LS Lowry, Mick Rooney, Lucian Freud or Francis Bacon, they will hold their value in the long term.
For rare and important works of art, clients should hold rather than sell in a tough market at the moment. For liquidity clients could take a loan against the art and hold off a sale for 12 months’ time to when things settle down from the effects of the coronavirus.
ART PRICE & VALUATION CONSULTANTS
We help transform art into an alternative asset class
We spot over/under priced works of art using art price econometric modeling and time series forecasting.
Econometrics is used in art portfolio construction to maximize returns and minimize risk. We provide financial planning and wealth management for art & antiques using art market research and analysis on both fine art paintings and decorative art such as Chinese ceramics , English & French furniture.
Art offers returns which has a low or negative correlation to main stream markets making it a hedge asset which can diversify your stock and bond portfolio
Art is an important part of your wealth and we can unlock the financial power of your collection using art loans up to 50 percent of the valuation. We help clients formulate their own views when navigating the art markets. Our services are transparent & confidential in this opaque market. We act as your agent to maintain your privacy We construct portfolios to manage risk and reward. Our data tools gives an all round view of the market. We provide auction house analysis at Christie’s Sotheby’s Bonhams, Phillips. Our clients are Ultra High Networth Individuals (UHNWI) Art collectors Art Investors & Private banks
Contact Roger Stiles MSc (Econometrics) Christie’s Education DMS FSS MBIM
T: + 44 (0) 207 293 0320
M: + 44 (0) 777 648 6390
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