Inaugural Art Masters Summit Focuses on Disruption, Challenges and Opportunities in the Art World

An important addition to Frieze Week in London will see the inaugural edition of the Art Masters Summit, at the Prince Albert Suite, ZSL London Zoo, Regent’s Park, Friday October 5th.

Founding lead partner sponsors the Bermuda Business Development Agency and Butterfield, partner sponsors AZ Real Estate and Fortecho Solutions and sponsors AirSea Packing and Easy Tiger Executive Search have combined to support an all-day series of panel discussions which focus on supporting existing and new collectors to discover new value in a fluctuating art market.

The theme of the Art Masters Summit is disruption: challenges and opportunities, the art market is changing – whilst the arts have often had the purpose to disrupt, the art market is now itself being disrupted by a series of forces – finance, new collector behaviour, technology, politics, risk and institutional change. Are these changes revolutionary or evolutionary, beneficial or detrimental?

The Art Masters Summit is in partnership with The Courtauld Institute of Art:

The Courtauld Institute of Art is one of the world’s leading centres for the study of the history and conservation of art and architecture. Its gallery houses one of Britain’s best-loved collections. Through its unique integration of activities, facilities and resources, The Courtauld provides an exceptional environment for research, learning and professional development.

The Summit’s opening address is given by Lord Browne of Madingley, Chairman of the Courtauld Institute of Art, Executive Chairman of L1 Energy and Chairman of Huawei UK, Stanhope Capital and the Accenture Global Energy Board.

Speakers include:

Lynesha Lightbourne and Stephanie Dickinson, Bermuda Business Development Agency (BDA)

Alan Day and Nir Sadeh, Butterfield

Andrea Danese (CEO and President, Athena Art Finance)

Beth Greenacre (Art Consultant and Curator, David Bowie Collection, 2000 – 2016)

Lisa Schiff (Founder & President, Schiff Fine Art)

Alice Ross, Wealth Correspondent, Financial Times and Editor, FT Wealth Magazine

Sir Charles Saumarez Smith CBE, Chief Executive, The Royal Academy of Arts

Luise Faurschou (Founder, ART 2030)

Mattis Curth (CEO and Co-founder, Artland)

Nicholas Campbell (Founder, Narcissus Arts)

Founding Lead Partner Sponsors for the Art Masters Summit are the Bermuda Business Development Agency (BDA) and Butterfield:

“Next Gens are re-shaping the model for wealth management, and Bermuda is appealing to this new audience,” said Sean Moran, Interim CEO of the Bermuda Business Development Agency (BDA). “We have millennial HNWs and even younger investors backing fintech start-ups and major hotel projects. They appreciate our 400-year-old English rule of law, tax and cost competitiveness, and collaborative business culture. It’s an environment where innovation thrives.”

“Bermuda continues to provide a safe, reliable harbour from geopolitical threats affecting all generations,” added Stephanie Dickinson, Business Development Manager for High Net Worth Services at the BDA. “Our accessible mid-Atlantic location and time-zone provide an ideal platform for global business. This event provides an exceptional opportunity to connect with individuals and companies looking for a jurisdiction like ours that can help them innovate.”

“The 2017 America’s Cup helped focus efforts in the HNW space,” noted Lynesha Lightbourne, a Senior Business Development Coordinator for the BDA. “Younger investors today can look to Bermuda for solutions, whether it be for family offices, property investment, captive insurance, private jets, freehold storage of fine art, or a safe, welcoming port from which to register and charter their superyacht. I look forward to discussing all these areas with my fellow industry colleagues and attendees.”

Alan Day, Deputy Head of Corporate Banking, Butterfield: “We are a bank that is operating across a range of off-shore jurisdictions and as such we inhabit some markets where the client base tend to be mobile, private and sophisticated. We feel these are particular characteristics that stand us in good stead to be engaging with the art market and art investors. Institutionally we’re very familiar with off-shore structures such as trusts and equivalent vehicles used in specialised financing arrangements.

Nir Sadeh, Senior Vice President, Head of Private Banking (Bermuda) and International Wealth Banking, Butterfield: “We think this event is a unique platform to market and expand our offering. We recognise the value in our off-shore jurisdictions and are interested in leveraging it for the benefit of our international clients”.

BY INVITATION ONLY

 

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