Collectors look to investment in Art as investment yields increase to 160% within one year
Colombo, Sri Lanka – M Sequence – an exclusive showcase of artistic intent was recently conducted by artist Kesara Ratnavibhushana in consultation with Mario Stubbs, Founder Genesis Global Consultancy and Hospitality Consultant and Le Grand Galle, by Asia Leisure. The event which was given priority to ‘Quintessentially’ members was in anticipation of an international launch & global strategy.
Kesara Ratnavibhushana has been an artist that focuses his work in single-edition, exclusive artwork that transcends art and photography. A professional photographer since 2006, considered one of the best in the field in Sri Lanka, with shows locally and in London, United Kingdom, Kesara has received interest from both local and international art lovers, moreover 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. With China no longer the world’s largest art market (29% of the global market, from 35% in the first half of 2016) by the US – owed 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 devoted to being created over several days. I strongly believe that it is for this reason that each piece has now become a worthwhile investment for its owner.”
Mario Stubbs, Founder Genesis Global Consultancy, UK and Hospitality Consultant, commented, “Our collaboration toward 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 reckon 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.
