Premier Art Finance Artemundi Group / 2019 Premier Art Finance Artemundi Group : 201 | Page 37

New Yo rk · Lo n d o n · Mexico C ity · Ma drid
CHALLENGE
INVENTORY
QUALITY
REGULATIONS
GALLERIES
DEALERS
Most
Galleries
engage
in Contemporary art and
therefore expose themselves to
significant risk when re-stocking.
Furthermore, third party IT
services are used for inventory
management and CRM such as
artBinder, artbutler or artlogic.
ARTEMUNDI
The most frequently cited
challenge by dealers is finding
new buyers and challenges in
maintaining inventory flexibility
and diversity due to changing
tastes and the move to minimalist
décor in recent years. Artemundi’s inventory of best-
quality in demand works and
trustworthy reputation attract the
most serious worldwide buyers.
Regulations
For
Galleries 81% of dealers surveyed thought
roughly the same regulations that the regulatory burdens on
apply as for art dealers.
their business have increased in
recent years. A report compiled
by the lawyer Pierre Valentin
of Constantine Cannon LLP,
at the request of the British Art
Market Federation (BAMF), lists
167 laws and regulations (as of
February 2015) that apply to the
British art market alone. Artemundi has always operated
in compliance with regulation,
including
maintaining
strict
KYC procedures. However our
international business structure
benefits our clients since we are
not subject to many use and
sales taxes (such as VAT).
Average Time Taken to Sell Works From Dealer’s Inventory vs Artemundi
35
Artemundi´s average time
taken to sell works from
inventory
2018 Delears
2015 AG1-1
30
25%
25
20
20%
20%
16.5%
15
14.1%
17%
17%
14.1%
Under 1 month 11.4%
1-3 months 14.1%
3-6 months 14.1%
6-12 months 20%
12-24 months 16.5%
24-36 months 9.4%
36-48 months 9.4%
Over 48 months 4.7%
13%
10
11.4%
9.4%
7%
5
4.7%
0
1%
Under 1
month
1-3
months
3-6
months
6-12
months
12-18
months
18-24
months
Over 2
years
©Arts Economics, 2019
©Artemundi LLC, 2015
37
www.artemundi.com