Warhol was undoubtedly ahead of his time when he said, “Being good in business is the most fascinating kind of art. Making money is art and working is art and good business is the best art.” These words, now proven to be true in the world of investing, appear to be the foundation of one of America’s top art dealers, Jeremy Larner. As the gap tightens between the wealth management industry and the professional art business, Larner has emerged as a dominating player in the game. As the president of New York based JKL Worldwide, he helps clients build art portfolios with an eye toward investment, piloting an emergent global trend.
In the past year, Google searches for “investing in art” have peaked, introducing an upsurge of investors infiltrating the art market. What these newcomers lack, is the insider information, an important determinant of returns in this unregulated market. That’s where Larner comes in. Originally gaining his success in the entertainment hub of Los Angeles, Larner knows very well the importance of networking. This skill set has translated to his art business as he travels worldwide to gallery openings, art fairs and auctions to ensure that he is in front of the artwork.
In an arena where there are no reliable art market price indexes for measuring risk and return, Larner seems to have the formula down pat. As the rules and security laws of real estate and financial markets go out the door, knowledgeable insiders are what remain. Market-moving information is free reign for personal gain in the art industry, and who better to have on your team than art investment tycoon, Jeremy Larner.
Active in the global art scene, Larner has conducted major transactions with many high-profile, high-net worth individuals. In the past five years, he has bought 159 pieces of art, with an average return of 196 percent and an 81 percent annual return on investment. He prides himself in providing his clients with artworks that meet their taste and simultaneously offer sound investments.
Verification of Larner’s skill set lies solely in the numbers. Just last year he purchased a 1998 artwork by Kerry James Marshall, pictured below, on March 31 for $1,800,000. Just five days later he sold the piece for $2,500,000 profiting $700,000.
This article is presented by T1.