Passion Investing & Networking Series; Is it Art or an Asset? – The Prospect for Investing in the Japanese Art Scene
Please come and join us at the Shugo Gallery to enjoy viewing some modern art while learning about Art as an investment, and networking with wine.
With the ongoing volatility in the stock markets globally and uncertainty about how long the bull market can continue, particularly in the US, investors continue to look for alternative assets to invest in. One of these areas has been Art; Art has long been considered an investment of passion, offering not only aesthetic pleasure but the potential for economic benefit as well. Recent studies have shown that Art assets are not correlated with other asset classes and can offer long-term investment benefits.
In 2016, the global art market was valued at $45 Billion, up 1.7% over 2015, and Asia had the largest share of the Global Auction Market at 50.4%. The global market has shifted to more sales by dealers (62.5%) than through auctions (37.5%), reflecting the desire by purchasers for more transparency. Japan is not yet a dominant participant in the global Art market, and it may be a good place to start investing in modern art. The Japan Art market is underdeveloped and investing in a gallery that provides commercial visibility for Japanese artists, as opposed to speculative investing in art directly, may strategically offer better returns.
About the Speaker:
Kiichi is uniquely positioned to speak on the serious aspects of investing in Art. Before he joined the Art community, he worked at Nomura Securities for 11 years as a bond trader. From 2011, he took shares as compensation to take on the role of head of Tokyo Art Fair and he made it profitable in 3 years. He is now the Managing Director of Art Fair Tokyo, the largest international art fair in Japan (60,000 people visited it this March) and the oldest in Asia, featuring a wide range of art from antiques and crafts to nihonga painting, modern art and contemporary art. Art Fair Tokyo has promoted the art scene and market in Japan on a global level.
To learn more about Shugo Arts, please click here.
Frank Packard, Chair
Jenifer Rogers, Christopher P. Wells, Vice Chairs
ACCJ Alternative Investment Committee
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