Picturing a resilient future
Fine Art Logistics Spot On
The centuries-long love affair between high-net-worth-individuals and their much-loved art and antiques isn’t likely to end, so despite the COVID-19 pandemic throwing a spanner in the works, logistics companies handling fine art are remaining resilient and expect the storm to pass.
In the meantime, auction houses – one of the preferred sales channels – are investing in enhancing their online presence, giving keen buyers the chance to snap up whatever catches their eye from the safety of their home. Businesses with storage capabilities and viewing rooms are coming out ahead as the lack of fairs and exhibitions has increased demand for safe storage facilities, plus clients and dealers still wish to view art while being able to socially distance.
Fine art is one of the most resilient asset classes across the economic cycle, attracting significant interest from HNWIs globally. There is a significant multi-billion-dollar international industry supporting the packing, shipping and storage of this fine art.JAMES ELLIS, FINE ART LOGISTICS M&A ADVISOR, OAKLINS
In this Spot On, we take a look at the sale of Cadogan Tate, the premium specialist logistics group offering packing, moving, shipping, storage and insurance for fine art, to H2 Equity Partners.
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