Art, Finance and Wealth Management Symposium

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The art world is already delivering a compelling series of arguments to attract investors and wealth managers, but at UNFOLD, the growing coalescence of art and finance will be explored more fully. Providing unique market insights into the investment potential of art, and presenting an exquisite collection of artworks that showcase the magnificence of international art from the BRICS and beyond, this is an event not to be missed.

UNFOLD debuts with a two-day Art, Finance and Wealth Management Symposium at the Park Hyatt Abu Dhabi Hotel and Villas, Saadiyat Island on the 24th and 25th of January 2018. This will be followed by a vernissage in the afternoon at the St Regis Saadiyat Island, Abu Dhabi and finish with a grande soirée on both nights, where the world’s glitterati, power brokers, dignitaries, renowned art collectors, galleries and esteemed artists convene to celebrate the unification of the worlds of art and finance.

Why an Art, Finance and Wealth Management Symposium at an art fair?

The wealth management industry is undergoing a significant transformation. With global financial markets characterised by volatility, traditional investment platforms are being pushed to one side by wealth managers, High Net Worth Individuals (HNWIs) and Ultra High Net Worth Individuals (UHNWIs), who are increasingly seeking alternative assets to diversify their portfolio.

It is against this backdrop that the idea for “UNFOLD Art Beyond the BRICS” began to form. Recognising the growing move towards art as an alternative asset, Artem Holdings conceptualised an event that would resolutely ally these two sectors. As a result, the format of UNFOLD has been thoughtfully constructed to incorporate an art fair and an Art, Finance and Wealth Management Symposium.

What does the research say?

Research among wealth managers and private banks attests to art’s developing role. The Deloitte Luxembourg and ArtTactic Art & Finance Report 2016 reveals that 73% of wealth managers in 2016 said their clients wanted to include art and other collectible assets in their wealth reports, in order to have a consolidated view of their wealth (up from 58% in 2014). Also in 2016, 78% of wealth managers said that they thought art and collectibles should be included as part of a wealth management offering (up from 55% in 2014). In response to this shift, many private banks and financial institutions have also developed art advisory, art lending and art investment services as part of their offering.

The power of art as an asset

Most encouragingly for the arts sector, this growing investment interest is founded on more than just a passing trend. Art is attractive from a financial investment point of view as it has the long-term capability to outperform other equities; it presents little financial risk to buyers, with art generally preserving the value of invested capital, and from a broader investment portfolio perspective, it assures adequate liquidity with individuals able to turn their art collection into liquid assets through secured lending. Furthermore, art investments present an opportunity for reducing income taxes and can be transferred to heirs or donated to charities at a later date.

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24-28 January 2018
St. Regis Saadiyat Island, Abu Dhabi

24-28 January 2018
St. Regis Saadiyat Island,
Abu Dhabi