Sobranie.Photoeffect (Russian art investment fund)
Sobranie.Photoeffect is Russia’s first big art investment fund which listed on the Moscow MICEX stock exchange in April 2011. The fund was created by Russian asset management fund Agana and will focus solely on photography.
The fund, which is worth $467 million, comprises nearly 300,000 original prints by 250 domestic and foreign photographers.
It is made up of Soviet Union collections and has the potential for adding contemporary Russian photographers.
The fund will exist for 15 years. During this time, it is expected that the fund’s portfoilio will be exhibited at several museums.
The fund aims to provide annual returns of around 12-14%.
Unlike other investment funds which raise money from investors before buying pieces, Sobranie.Photoeffect’s portfolio is made up by a group of anonymous Russian collectors who have placed their pieces in a mutual fund that is offering shares to investors.
The fund’s portfolio includes photographs of the Russia’s Tsarist family, the Romanovs, as well as 19th century works by Joseph-Philbert Girault de Prangey.
The portfolio also includes original prints by Tazio Secchiaroli, Sophia Loren’s personal photographer and founder of the Italian paparazzi as well as French photographer Henri-Cartier-Bresson and Soviet avant garde artist Alexander Rodchenko.
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