Collectors look to invest in art as investment yields increase to 160% within one year

Friday, 25 January 2019 00:00 -     - {{hitsCtrl.values.hits}}

Le Grand Galle GM Lahiru De Silva, Genesis Global Consultancy Founder Mario Stubbs, Artist Kesara Ratnavibhushana, Fairway Holdings Group Chairman Hemaka De Alwis and Lashinika Ratnavibhushana 

M Sequence, an exclusive showcase of artistic intent was recently conducted on 18 to 20 January by artist Kesara Ratnavibhushana in consultation with Genesis Global Consultancy, UK Founder and Asia Leisure’s Le Grand Galle Hospitality Consultant Mario Stubbs. The event which was given priority to ‘Quintessentially’ member in anticipation of an international launch & global strategy.

Kesara Ratnavibhushana has been an artist who focuses his work in single-edition, exclusive artwork that transcends art and photography. A professional photographer since 2006, he is considered one of the best in the field in Sri Lanka, with shows locally and in London, UK. Kesara has received interest from both local and international art lovers and avid collectors.

According to Investec’s Patrick Lawlor, more and more investors are looking at the art market (and other collectables) as an alternative to traditional investment assets. According to USA’s Artprice 2017, art auction turnover increased by 5.3% compared with 2016. China is no longer the world’s largest art market (29% of the global market, from 35% in the first half of 2016) owing to a 28% jump in auction turnover in the US. The UK (up 13%) and France (up 7%) both recorded good gains, the former perhaps benefiting from a weaker pound following the Brexit vote in June 2016.

Kesara Ratnavibhushana commented, “each six [06] by four [04] foot piece in either black & white or colour is created over several days. I strongly believe that this is the reason each piece has now become a worthwhile investment for its owner.” 

Mario Stubbs commented: “Our collaboration for M Sequence is a strategic one, in which we wish to showcase Kesara’s work to the world of high-end art collectors and investors. We have identified an incredible value in his art and believe it will become a force to be reckoned with in the art world, further elevating Sri Lanka’s standing in the global art community.”

Having presented the best of artistic expression since 2005, Kesara Ratnavibhushana has had his exhibitions graced by novel creatives in the expanded industries of art and literature, such as Sir Arthur C Clarke, with his artwork having increased by 160% in one year. Ratnavibhushana has become an innovator and true creative with collections that offer unique pieces inspired by botany (Botanica - sold-out with a 70% conversion rate on the opening night) and architecture (Faction: Sculpture). 

Asia Leisure’s Le Grand Galle has previously commissioned more than 40 artworks by Ratnavibhushana, representing an artistic partnership that carries over years.