Scientific research and market analysis have shown that "Blue-chip" artworks offer higher returns on investments compared to art investments in general. These works created by the 100 top artists in auction volume have scarcity value, established transaction records, and a global collector base.
The graphs below show that the Artron’s Chinese Modern Master index and Artprice 100 index significantly outperformed the S&P 500 index between 2000 and 2017. The annualized growth rate of Artron’s index reached an astounding 17.85%, and the Artprice 100 index grew at 8.9% rate. These deliver higher returns by 11.4 times and 2.2 times, respectively, versus the S&P 500 index in the same period.
The weak correlation to the global equity markets also makes Blue-chip art investment a diversifier of risk. Scarcity value of Blue-chip artwork resembles gold, luxury real estate, classic car, fine wine and other tangible assets. It has a global collector base and is portable to be traded in any country and in any currency.
The graphs below illustrate the correlations of returns matrix by asset classes.