Investing In Art – Trends and Developments in the Art Market
The internationally recognized Deloitte Art & Finance Report is a barometer for the steadily evolving art and finance industry, highlighting key trends and developments at the crossroads of business, finance and the arts.
Adriano Picinati di Torcello, Director and Global Art & Finance coordinator at Deloitte, and co-author of the report will speak about the global art market and share the Report’s latest insights.
The event is the closing forum for the 2018 DBA (Doing Business As) exhibition at ArtServe, which includes works by graduates of the Artist as an Entrepreneur Institute, a program that provides artists with business and management skills to operate in the marketplace.
This free event is presented by Broward Cultural Division at ArtServe in Fort Lauderdale (1350 E. Sunrise Blvd.). Seating is limited and RSVPs are strongly advised.
Among the Deloitte Art & Finance Report 2017 findings:
Services related to art and collectibles are increasingly converging with wealth management as the industry moves toward a more holistic asset management model; 88 percent of wealth managers surveyed (up from 78 percent in 2016) think art and collectibles should be included as part of wealth management solutions.
The art market outlook for 2018 remains cautiously optimistic despite heightened geopolitical and economic risk. The ArtTactic art market speculation barometer is up 17.7 percent from January 2017, which suggests that experts believe the current art market recovery has reintroduced more speculative behavior.
A majority (86 percent) of art professionals surveyed said their clients buy art and collectibles for emotional reasons but also focus on investment value; 54 percent of wealth managers see art as a way to safeguard value (up from 51 percent in 2016). With more wealth expected to be allocated to art and other passion assets in the next decade, a more sophisticated and dynamic approach to managing art related wealth will be needed.
Technology is increasingly playing a key role in the evolution of art services as art sales continue to grow and social media is increasingly influencing the creation of art and marketing and distribution channels. Technological innovations are improving art market transparency and the infrastructure around the management of art and collectible wealth.
Adriano Picinati di Torcello
Adriano Picinati di Torcello leads art and finance activities within Deloitte Luxembourg, an initiative he has been coordinating since its beginning in 2011 (www.deloitte-artandfinance.com). Adriano also coordinates the development of the Art & Finance activities at the Deloitte network level. He played a key role in the Luxembourg government’s decision to set up a Freeport for the storage of valuable goods operational since 2014. Deeply involved in creating awareness on the subject of art and finance, Adriano initiated the international Deloitte Art & Finance Conference that has become the annual benchmark event in the field. He has also developed Art & Finance seminars for professionals seeking hands-on guidance through the global art market and is the co-author of the Deloitte and ArtTactic Art & Finance Report. Being the spokesman of the Art & Finance initiative within Deloitte, he regularly speaks at national and international conferences.
DATE: Wednesday, June 20
TIME: 6:30 PM – 8:30 PM
TYPE OF EVENT: Forum, Workshop, Conference
ADMISSION: FREE | Seating is Limited
Advance registration is strongly encouraged.
PRESENTED BY: Broward Cultural Division
CONTACT INFO: 954-357-7457
About the Broward Cultural Division
Broward Cultural Division is a local arts agency, one of thousands across the U.S. providing financial, technical and marketing assistance to artists and arts organizations. Broward County has nearly 1.9 million residents, 15.4 million visitors, 10,000 artists, 6,291 arts-related businesses employing 23,498 people, 823 not-for-profit cultural organizations and 31 cities, some of which operate their own arts councils and public art programs. Visit our website and follow us @BrowardArts on Twitter and Facebook.
Connecting the Dots: Data Basics
Presented by the Broward County Cultural Division and Artserve
April 12, 2018 8am - 4pm|
The Cultural Division and ArtServe, Inc. invite South Florida’s cultural, marketing and development executives and staff to unleash the power of data at a dynamic full-day “Connecting the Dots” workshop on Thursday, April 12th.
From measuring patron loyalty to assessing audience segmentation, the day-long seminar leverages data basics and metrics into an effective marketing tool for arts and cultural organizations. Unlocking data’s business potential through interactive exercises, group discussions and presentations, “Connecting the Dots” is a comprehensive introduction to connecting with your audiences and aligning your efforts to mission and money.
This immersive workshop fuses contemporary marketing concepts with the practical application of data metrics featuring the cutting-edge curriculum of analytics powerhouse DataArts,
DATE:Thursday, April 12
TIME: 8:30 AM to 3:30 PM
TYPE OF EVENT: Community Workshop
HOSTED BY: Broward County Cultural Division
CONTACT: Adriane Clarke