22 August 2024 · Cultural Investment

Independent valuation confirms art portfolio appreciation

An independent art valuation commissioned by the Board of Directors of Kashmir Limited has confirmed significant appreciation across the group’s art collection. The valuation, conducted by qualified independent appraisers with expertise in the Polish and European contemporary art markets, covers the full portfolio of works acquired since the Cultural Investments division’s inception in late 2022.

The results validate the division’s collection strategy, which has emphasised the acquisition of works by emerging and mid-career Polish artists with strong artistic merit and market trajectory. The valuation confirms that art functions effectively as a complementary asset class within the group’s diversified portfolio, offering both cultural significance and measurable financial returns.

“The independent valuation confirms that our disciplined approach to art acquisition is generating measurable value alongside the cultural significance of the collection,” noted the Board in its review of the valuation findings. The Board views these results as an endorsement of the investment thesis underlying the Cultural Investments division.

Following the valuation, the Board has reviewed and updated the collection’s insurance and storage arrangements to reflect current portfolio values. The Board has also approved continued investment in the art programme, with a focus on deepening relationships with key galleries and expanding the collection’s scope within the parameters of the established acquisition framework.