5 December 2024 · Corporate Update

Cultural investments division completes autumn acquisition programme

The cultural investments division of Kashmir Limited has completed its autumn 2024 acquisition programme, adding several significant works to the group’s growing art collection. The acquisitions, conducted through established gallery partnerships and direct artist relationships, reflect the division’s continued focus on Polish contemporary art and emerging European artists with demonstrated institutional recognition.

All acquisitions have been subject to independent professional valuations conducted by certified appraisers, ensuring accurate portfolio accounting and insurance coverage. The Board noted that the cultural investments portfolio continues to demonstrate stable value appreciation, consistent with broader trends in the contemporary art market segment in which the group operates.

The autumn programme included works acquired through gallery exhibitions in Warsaw and selected European art fairs, leveraging the group’s established relationships with leading Polish galleries and independent curators. Each acquisition underwent rigorous evaluation against the division’s established criteria for artistic merit, provenance documentation, and long-term value preservation.

The Board has approved the cultural investments division’s updated collection management framework, which includes enhanced documentation standards, climate-controlled storage arrangements, and periodic portfolio rebalancing reviews to ensure alignment with the group’s strategic objectives for its non-financial asset holdings.