Citi Releases its Second Art Market Report
Masterworks’ research on returns contributed to Citigroup’s Art Market Report, released late 2019.
Citigroup boasts one of the most long-standing art advisory groups in the industry, created for their high-net-worth clients in 1979 by banker turned gallerist, art critic and dealer, Jeffrey Deitch. The group publishes a brief annual report, as well as, periodic in-depth technical research by the Global Perspectives & Solutions group, and most recently, supported by the Masterworks research team.
The 2019 Global Art Market report covers a variety of information relevant to investors. Those interested can find the correlation matrix between art and ten other asset classes, including equities, fixed income, and cash, on page 11 and more specialized findings, like the relative performance of the twelve most liquid artists on page 32.