Cafe Muse : Art & Investment

About

Founder and MD of ArtTactic, Anders Petterson, will give an insider's view to art investment - its pitfalls and opportunities. Anders Petterson explores the emergence of art as a new financial asset class and the risk and opportunities associated with investing in art. The art market has gone through a turbulent period in the last 24 months, but remains one of the preferred ‘investment in passions' among high net worth individuals. This evening talk will take the audience through the mechanics of the art market and how value is created, as well as different models of how one can invest in art. The Damien Hirst market will be used to illustrate how the contemporary art market has evolved in the last 20 years, and Anders will present some of the recent findings from ArtTactic's recently published research report on Damien Hirst. Anders Petterson is a leading authority on the art market, with particular focus on the modern and contemporary emerging art markets. He is the Founder and Managing Director of ArtTactic Ltd, a London-based art market research and advisory company set up in 2001. He previously worked at JP Morgan in the Investment Banking division, responsible for debt capital market and structured products for banks and corporates. He worked as an independent Research & Evaluation consultant for Arts & Business in London between 2002-2007, and has been involved in a number of large research and evaluation projects in the cultural sector. Anders Petterson is lecturing on the topic of ‘Art as an asset class' for CASS Business School, Sotheby's Institute in London and IESA in Paris. He is a frequent art market commentator on Bloomberg TV, Reuters and CNN. Cafe Muse is organised by M van Fullbroeck Associates.