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Collection Policy

I: Distribution of investments: up to 90% 19th century and classic modern (c. 1840 - 1970) and up to 25% contemporary art.

II: Vintage Prints: We will focus our attention on this kind of photographs. A vintage is made close to the time the negative was taken. Usually only a few vintage prints were executed as there was no market at this time. Later prints, if famous, even in editions (10-50 pieces) can also be considered as valuable. In short: The number of prints is limited and the public interest (museums, private and corporate collections) is increasing.

III: Investment strategy
   Wide diversification over artists and epochs
   Diversification over top prints and prints with high growth potential
   Emphasis on known artists and high quality
   Buying of estates
   Buying Source: Auctions, galleries, private collections

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  current since 03/14/08
DAX 6.147,97 -5,42%
SP500 1.101,60 -14,48%
NIKKEI300 172,37 -29,22%
Art Photo- graphy Fund 12,36* 23,60%
*updated monthly
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Portfolio, New York 1977
12 Gelatin silver prints, signed; 50,6x40,4cm (20x16")
Printed by Gerd Sander, Lunn Gallery 1977
LISETTE MODEL (American, b. Austria, 1906-1983)

REPORTS

Deloitte Research Report

Privat Magazin 1/2009

2009-10-20

Wer Photographie sammelt, hat mit zwei Märkten zu tun