Unicorn Art Club
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Unicorn Art Club / All 30 artists

Fernand Léger

1881-1955 · Cubism, Purism, School of Paris

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The club deal

Status
Fundraising open
Minimum per member
USD 100,000 (US residents: USD 200,000 individuals, USD 1,000,000 entities)
Fundraising target
5,000,000 USD
Selection window
12 months, with return of the capital if no suitable work is found
Vehicle
a dedicated SPV for this artist
Expected exit
between 3 and 7 years, through auction or private sale

How the club deal for each artist works · Costs

If no suitable work is found within 12 months, the capital paid in is returned.

Price range of the works the club looks for

from 5,000,000 to 20,000,000 USD (5-20 million for major paintings of 1913-1922, 0.1-1 million for late works and works on paper)

Market liquidity: medium

Biography

Fernand Léger (1881-1955) gave Cubism its most mechanical and urban voice. His 'Contrastes de formes' of 1913, built from tubular volumes in primary colors, earned him the nickname 'Tubism', and after the First World War he turned to the city, machines and the human figure as a modern, almost industrial motif, later extending his work to murals, film and ceramics. His market is split in two: the rare pre-1914 Cubist canvases and the major paintings of the early 1920s reach eight figures, led by the $70.1 million record of 2017, while later works, gouaches and drawings trade in the hundreds of thousands, with frequent buy-ins for weaker examples.

Auction record

70,100,000 USD: Contraste de formes, 1913, Christie's, New York, 2017-11-13 (source)

Recent auction results

Market data: public auction results with date, auction house and source, the same data as Unicorn Art Watch.

Museums

Sources

Prices and news on Unicorn Art Watch · Guides on investing in art on Unicorn Private Research

Risk: Investing involves the risk of losing capital.