The Fine Art Fund Group

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wikicollecting

2015-06-26 10:52:06

The Fine Art Fund Group is an investment group founded in 2001 with assets of about $100 million. The group offers an opportunity to invest in fine and rare art with the experience of leading industry experts.

Founding

The Fine Art Fund was founded by former Christie’s finance director, Philip Hoffman, in 2001.

Objectives

According to the Fund’s website, their three main objectives are:

  • To capitalise on its art market expertise
  • Build long-term capital growth for Investors
  • Provide diversification to a client's investment portfolio

Investors are also given the opportunity to borrow works of art held by the Fund.

The funds

The Fine Art Fund Group runs several funds for investors.

Currently, the Group has three funds, which are all closed for investment.

The Fine Art Fund is a 10 year fund investing in Western art which began in July 2004. Since then, it has seen an average annual return on assets sold of 33.5%. It began distributing capital to its investors in November 2009.

The Fine Art Fund II is another 10 year fund investing in Western Art. It began in January 2007 and has seen an average annual return on assets sold of 25.41%. It will begin distributing capital to its investors in December 2012.

The Chinese Fine Art Fund is a 5 year fund investing in Chinese art and antiques. It began investing in September 2007 and will begin distributing from June 2011.

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