A New way of Investing in Art
M&A ARTS X SPLINT INVEST
Dear Friends,
We are excited to share a new way of investing in art. M&A Arts is pleased to announce its new fractional investment opportunity with eight paintings by the celebrated Norwegian-Egyptian abstract expressionist painter Britt Boutros-Ghali.
M&A Arts has partnered with Splint Invest, which will launch the offering in two separate portfolios, on Friday, April 12th, 2024, at 9 AM (CET).
Interested parties are encouraged to enroll today download the app now, as historically, Splint Invest offerings tend to sell out within the first hours of the offering.
For more information, click here factsheet and refer to the FAQs at the end of the email.
One can buy a participation in Britt Boutros-Ghali’s portfolio of works for as little as 50 Euros.
Splint Invest has extended a special offer to our friends: new investors introduced by M&A Arts will receive a 50 Euro credit towards purchasing Splint tokens (called “Splints”) in Boutros-Ghali’s work. This means that you can own a part of Boutros-Ghali’s future for as little as "0" Euro. Of course, one can purchase a larger number of Splints.
Your promo code is M&AARTS50
Splint Invest offerings are not available to U.S. persons.
Britt Boutros-Ghali, Untitled (6M-No 54-023), 2023 | 180 x 275 cm | Acrylic on canvas
Britt Boutros-Ghali is a world-class artist following the tradition of the abstract expressionist giants, such as Helen Frankenthaler, Joan Mitchell, and Franz Kline.
Britt was born in 1937 in Svolvaer, in the Northern part of Norway, where the saturation of light in the summer was juxtaposed by the lack thereof in winter. She endured the harsh weather and daunting pressure of the Second World War. This emotional backdrop provided a fertile landscape for her bursting, colorful, and emotional work.
Britt has spent the last five decades living and working in Egypt where she is an integral part of the country's artistic community. Her art, characterized by vibrant colors and large-scale energetic paintings, draws inspiration from Egypt's rich and exotic culture. Employing "action painting", her work embodies a sense of spontaneity and creativity.
The physicality of Britt's work is evident through her seasoned and competent use of materials — the subject and outcome are determined through methodical structure, yet spontaneous in the outcome, hence allowing for the nature of the materials and her use of them to unfold and tell their mysteries.
Britt has been exhibited worldwide since her first exhibition in Paris in 1962 and is held in many public and private collections. In 1996, she received the prestigious St. Olav's Order, Norway's highest artistic honor, from King Haakon for her cultural and artistic contributions. In 2023, she received a Lifetime Achievement Award for Women in the Arts from the Egyptian government, a significant recognition in her adopted homeland that contributed to the recent surge in her work’s prices.
Today, Britt divides her time between Cairo and Agami, maintaining studios in both locations. Her residence and studio in Agami, situated west of Alexandria along Egypt's northern coast, reflect her deep affection for the region. The artist compound is a living piece of art, infused with intricately crafted mosaics and murals. Local artists, collectors, and individuals with a penchant for the unique frequently gather at her home, while art enthusiasts from around the world make the journey to meet her and acquire her work.
For years, Britt's prices remained significantly below the international market, allowing people to purchase multiple paintings. Despite lacking gallery representation for the past twenty years, Britt sold 70 to 100 paintings annually, primarily in Egypt and the Middle East.
However, in the past three years, prices for Britt's paintings have experienced significant growth. Demand for her work continues to surge with upcoming collaborations with new planned galleries worldwide, increasing her prices.
Build a portfolio of art for investment offered by M&A Arts through Splint Invest.
Britt Boutros-Ghali | Untitled (no 10-024), 2024 | Acrylic on canvas | 60 x 53 in. (150 x 135 cm)
FAQs:
What is fractionalization?
Fractionalization, also technically known as securitization, involves dividing artworks into shares, tokens, or certificates. This process enables investors to participate in the ownership of multiple artworks, thereby diversifying their art portfolios with modest amounts of capital commitments to each investment.
Can I invest?
The Splint Invest application is available in the App Store and Google Play store throughout Europe. The app store location setting is the relevant trigger for availability. Please note that customers with residency outside of Switzerland currently only can use the Credit Card option for payment. Splint Invest is working to enabling all its customers to work with in-App balance.
Please contact the Support team in advance in case you would like to invest but do not have the opportunity to do that by Credit Card.
Fee-Structure
What are variable costs?
The maintenance of the asset, including storage and insurance, incurs costs. These costs are already included proportionately in the sales price of the Splints of 50 EUR. The associated costs are thus shared among the Splint holders and considered as running costs in relation to each investment.
What is the platform fee?
The Splint Invest platform fee is the compensation for the tokenization of the assets, the maintenance as well as the further development of the application and the costs related to the research and maintenance of the expert network. The platform fees are detailed in the Summary tab of each asset in the table “Calculate your earning potential”.
What is the exit fee?
Selling the assets at the best possible price and providing a marketplace incurs costs. We charge these costs through the exit fee. We charge a fee of 2% per transaction, which is paid by the seller.
Secondary Market
Can all users participate on the marketplace?
No, currently only users with domicile Switzerland can buy and sell Splints on the marketplace. It is planned that the marketplace will be rolled out for European citizens in 2024.
However, Splint Invest is providing you with the option to repurchase your splints at market value anytime. Please note that an additional processing fee will apply. The processing fee varies based on the volume, investment, and your holding duration. Use the contact form to initiate the process.
Taxation
How must Splints in Switzerland be recorded in the tax return?
Under Swiss law, Splints are tangible assets that make the buyer a co-owner of the underlying asset.
The value of the Splint is added to the assets in the tax return, just like an inherited piece of jewellery in the drawer or bank account.
How must Splints in Germany be recorded in the tax return?
The capital gains generated through investments in Splint Invest are considered private sales transactions. Profits of up to €600 within a year can be tax-free for German users. If the holding period exceeds one year, capital gains above this threshold can also be tax-free. For further information, please consult your tax advisor, as Splint Invest does not offer tax advice.
How must Splints in UK be recorded in the tax return?
When you sell your fractional ownership share and make a profit, you may be subject to Capital Gains Tax (on the gains). The amount you pay depends on factors like your overall income, the duration of ownership, and the annual exempt amount, which was £6,000 (2023). Tax laws change, so consult a tax professional or HM Revenue & Customs (HMRC) for up-to-date information.
How must Splints in other countries be recorded in the tax return?
Please consult your tax advisor, as Splint Invest does not offer tax advice.
Where can I find my tax report?
Splint Invest provides you with a detailed report for your taxes. The report is generated for you every January. It is available in your profile under Documents.
