VFML Partners Goudenfara on Pre-auction Market Guidance Reports for Art Industry
Vetiva Fund Managers Limited (VFML), subsidiary of Vetiva Capital Management Limited has announced a partnership with GoundenFara, a Lagosbased advisory firm, for the release of its first Pre-Auction Advisory Note, designed to provide key insights into the individual market fundamentals of artists whose works are scheduled for sale on the international auction market.
The GoundenFara partnership with Vetiva seeks to catalyze further growth and development within the Art industry in Nigeria and the African continent, in alignment with Vetiva’s vision of showcasing investment opportunities in the alternative assets space in Africa.
The landmark partnership will see both firms combine their expertise across the capital market and art economy, which will enable them offer unique solutions to investors considering Art in their alternative asset portfolio.
Speaking on the partnership, the CEO of Goudenfara, Mr. Ekiko Inyang in a statement said, “We are optimistic and confident that the synergy of both individual firms will result in creating a solid entry point for financial market participation in the art market, ensuring adequate management of asset, financing structure, and holistic wealth reporting”.
This pioneering initiative also looks to bring the standard of equity market analysis into analyzing Art as an asset class and provide unparalleled market research and insight, tailored for investors and collectors keen on integrating art into their alternative investment portfolios, and wealth managers managing the accounts of clients looking to optimize their art holdings. The advisory note is also useful to art industry stakeholders such as gallerists, dealers, auctioneers, artists and art advisers, giving them access to crucial information about underlying factors driving the market.
The Managing Director of Vetiva Fund Managers Limited, Mrs. Oyelade Eigbe stated that this initiative places the concerns of investors at the forefront as she believes that Art goes beyond canvas and its role as a financial instrument in portfolios must be reimagined. She indicated that in an era of evolving investment landscapes, where traditional asset classes face challenges and investors seek diversification and stability, fine art is emerging as a newcontemporary contender.