Art Market Research, the creator of the AMR Art 100 Index, has collaborated with Collection of Modern Art to create an index specifically to track Post-War art, called the AMR Post-War
Art Market Research, the creator of the AMR Art 100 Index, has collaborated with Collection of Modern Art to create an index specifically to track Post-War art, called the AMR Post-War Art 50 Index.
The index gives Castlestone Management-which manages the Collection of Modern Art-a closely correlated performance guide for the new art investment fund.
Collection of Modern Art invests specifically in Post-War art from deceased or non-producing artists and the performance of the fund is expected to mimic that of the new index.
The Collection of Modern Art will enable institutional and retail investors to gain exposure to this genre of the art market in a similar way that they might use an exchange-traded fund to gain access to a specific part of the equity market such as the S&P 500 Index.
The creation of the AMR Post-War Art 50 Index aims to make the process of asset allocation more acceptable to many investment committees, trustee and individual retail investors.
Constanze Kubern, senior art adviser, says: ‘We are creating, in a sense, the world’s first passive art investment tracker fund, focusing on the Post-War genre. We intend to hold representative pieces from all the artists listed in the index in order to mimic its performance. We hope that this will give investors more confidence that art, and our Fund, is an investable, analysable asset class, just like any other.’
Robin Duthy, managing director of Art Market Research, says: "The new index focuses on 50 key artists of the Post-War period, who’s most important work was done in the 1950-1980 period. The index does not cover the more speculative contemporary market. Though by no means immune to market fluctuations, the 50 selected artists enjoy firmly-established reputations. Furthermore, the large number of sales of their work in the world’s leading auction houses provides an attractive degree of liquidity. We hope the new index will bring further transparency to this sector and prove useful to investors".
The index uses an extensive database of art auction results going back to 1985 to analyse and report on historical and current trends within the Post-War art genre.