Fractional art investment platform Mintus.com has partnered with wealth management company Amergeris to open access to art investments for private banks, family offices & wealth managers.
Mintus is the first FCA authorised company to launch art fractionalisation in the UK. This partnership with Amergeris will allow it to expand its exposure to investors across Europe, the Middle East and Asia.
Launched in Q2 2022, Mintus allows investors to buy shares and invest into high-quality, multi-million-pound contemporary artworks. The fractional ownership is powered by investing in the shares issued by an investment vehicle which in turn owns the art.
The FinTech company claims this gives enhanced portfolio diversification and risk-adjusted returns for investors.
It currently has a pipeline of $150m of investment quality paintings from artists, including Andy Warhol, George Condo, Jean-Michel Basquiat, David Hockney, Pablo Picasso, and Ren? Magritte.
Qualified investors can buy shares in a fund that owns the individual paintings directly at Mintus.com.
The deal with Amergeris is the first of several planned major partnerships with private banks and other wealth managers to provide their clients with access to art investments.
Mintus chief curator Brett Gorvy said, ?Mintus removes the structural limitations around market access, risk management and the origination process for investors who are new to the art market or art enthusiasts who are priced out from rare, iconic paintings.
?The platform offers these rare, iconic paintings and the artists on the platform are among the most desirable and sought-after contemporary artists to collect today. Their markets are international and artists on the platform, such as Warhol, are currently experiencing new popular heights as a result of major museum retrospectives and record prices achieved at auction.p>
In other recent WealthTech news, Stash Financial, a beginner investing app, reportedly closed a $52.6m debt offering, which came from a dozen of investors.
Copyright ? FinTech Global 2022