Artex, the first exchange dedicated to the world of art
In the context of strong inflation, the world art market continues to develop and monitor, as evidenced by the record activity of auctions. Numerous studies show that art is an important asset class (estimated at $3.2 trillion) and is characterized by low volatility and high returns over the long term, while also being correlated with stock markets and more traditional bonds. Therefore, by becoming more accessible, art should strengthen its appeal as an investment asset class.
By creating the first exchange dedicated to the world of art, ARTEX will be able to offer millions of investors the opportunity to participate in a unique class of alternative assets. Dedicated market makers will provide continuous liquidity with tight trading ranges in a smooth and transparent manner. This approval also allows ARTEX to welcome financial institutions wishing to become members of the exchange, offering their clients secure access to the first listing of master artworks expected in the coming weeks. ARTEX aims to list more than one billion euros worth of artwork over the next few quarters.
Initially, ARTEX will focus on iconic canvases by the world’s greatest artists spanning the period from the Renaissance to the twentieth century. Each artwork will be owned by a public limited company under the laws of Luxembourg, and shares in its share capital will be traded on ARTEX through an initial public offering. Shareholders will not bear the operating costs of the company, such as administrative management, business maintenance or insurance premiums. Art shares will be in the form of standardized securities similar to any other publicly traded shares.
ARTEX strives to democratize the art market by making it inclusive and accessible to all. Art shares will have a starting nominal value of €100, allowing as many people as possible to invest in the world’s most iconic paintings. In addition, the masterpieces listed in ARTEX will be displayed for all to see in museums and exhibitions around the world. Finally, ARTEX will strive to offer investors a standardized access to art investment, especially by offering analysis on the latest art world news as well as educational content to enable a better understanding of the art market.
ARTEX has partnered with renowned exchange infrastructure service providers to provide a smooth trading experience and robust platform. Clearing and settlement services, as well as provision of data feeds, will be performed by SIX. By using Bloomberg tools, market users will have access to a state-of-the-art infrastructure for order placement and risk management. UnaVista, an LSEG company, will assist ARTEX in fulfilling its data sharing and transaction reporting obligations to regulatory authorities.
Rothschild & Co is acting as financial advisor to ARTEX in connection with the initial public offering of works of art. A complete list of financial institutions that are members of the exchange will be published on www.artex.io before the presentation of the first listed case.
ARTEX co-founder and chairman HRH Prince Wenceslas of Liechtenstein said: “From the beginning of the ARTEX adventure, we have envisioned a fair and transparent marketplace where not only the greatest works of art ever created can be exchanged. for collectors and art dealers, but also for institutional investors and individuals, for those passionate about art for its aesthetic and emotional value, or for those interested in art as a way to diversify your portfolio. one of the most demanding regulatory frameworks in the world brings a sense of trust, which is critical to the success of our project. We look forward to the first quotations and negotiations on ARTEX in the coming months.”
Yassir Benjelloun-Touimi, co-founder and managing director of ARTEX, commented: “We have been actively working on the launch of ARTEX for three years now. I am delighted that our vision of democratizing investment in the arts is finally becoming a reality with the achievements achieved. See you soon an operating license for the first regulated global exchange dedicated to the world of art. ARTEX represents the alchemy of two worlds dear to my heart, art and finance. This is without a doubt the most important opportunity of my life. to millions of new patrons not only in art, but also in this exciting field positive and far-reaching social impact by enabling us to make a positive and far-reaching social impact. As we approach our first listing and look forward to more to come, I’d like to thank our teams for their participation, as well as our partners for their commitment, including SIX, Bloomberg and LSEG.”
Jos Dijsselhof, CEO of SIX commented: “We are delighted to provide our clearing, settlement/delivery and market data dissemination services to ARTEX, an innovative operator aiming to democratize investment opportunities in class-free assets to switch codes. This is a new step in SIX’s commitment to innovation and we’re proud to be a part of it.”
ARTEX is a safe and liquid art exchange regulated and supervised by the Financial Markets Authority of Liechtenstein (FMA) and compliant with the European MiFID II directive. By offering privileged access to the traditionally exclusive art market, ARTEX aims to democratize investment in the world’s greatest masterpieces spanning the period from the Renaissance to the twentieth century. The masterpieces listed in ARTEX will be displayed for all to see in museums and exhibitions around the world. ARTEX will strive to provide investors with a better understanding of the art market to offer them a standardized access to art investment, providing them with the latest news in particular from the art world, as well as analysis with educational content. ARTEX was co-founded in 2020 by art lovers and financial market experts HRH Prince Wenceslas of Liechtenstein and Yassir Benjelloun-Touimi. Please apply for more information about ARTEX
“ARTEX MTF” incorporated and registered office in the Principality of Liechtenstein under FL-0002.682.571-2 at Aeulestrasse 24 9495, Trieste. ARTEX MTF is regulated by the Financial Markets Authority (FMA) of Liechtenstein under reference number 307407.