JUSTIN W JOHN, ART + DESIGN
Owned and Operated by Justin W John
Studio 2:22: Downtown Boise, ID
Established: April 2018
[Justin W John — World Publishing Unlimited]
State of Idaho, Ada County
Art as an Alternative Investment
The 2019 edition of The Art Market report by UBS and Art Basel values the art market at $67.4 billion, representing the second year of positive growth, up 6% year-on-year. A key driver of the art market is global wealth – the report references Credit Suisse estimates that by 2023, the number of millionaires worldwide will increase more than 30% and the number of of HNWI individuals with wealth over $50 million will increase by 37%.
The 2019 edition of the Knight Frank Wealth Report indicates that art ranks #1 globally in the top 5 most collected investments of passion. The same report noted that art as a category appreciated 9% in the last 12 months, and 158% in the last 10 years.
In Sotheby’s 2019 Investor Presentation, it is reported that art has had a 0.05 correlation with the S&P 500 over 20 years (based on the Sotheby’s Mei Moses Indices). That lack of correlation can reduce overall volatility when art is part of a larger diversified portfolio.
An emerging artist, finding a new life in art and voice to express himself with, Justin has only just begun. A natural creative spirit, always apt to trust his instincts which led him to graduate from one of the countries top art schools in 2003.
Since then, he’s worn many different hats, all of which have added to his unique skill set. Now two years into running his own business as a full time artist and designer, and with nearly a dozen shows under his belt, he’s ready to take on more.
He’s been in good company as well, his work has hung side by side in galleries and exhibits with such artists Alexander Calder, Salvador Dalí, Pablo Picasso, and Pierre-Auguste Renoir.
Highest AUCTION Record
$3K Magenta. Yellow. Somewhere In Between. (Live Auction Lot 56 of 58) sold in 2020 at Yellowstone Art Museum’s Art Auction 52. Sold at 2.5 times original suggested value.
Full-On OCM sold in 2019 at Yellowstone Art Museum’s Art Auction 51. Sold at 1.25 times original suggested value.
Justin’s auction data shows upwards of an 80% sell through rate.
Aside from being collected by the art elite of Billings; Justin’s work has been acquired, commissioned, and collected by an array of esteemed clientele in Boise and across the country.
Updated: March 27th, 2020.
“Art Market Report,” Art Basel and UBS Global.
“The Wealth Report,” Knight Frank. https://content.knightfrank.com/resources/knightfrank.com/wealthreport/2019/the-wealth-report-2019.pdf
“Investor Briefing,” Sotheby’s. https://sothebys.gcs-web.com/static-files/a1f15544-d168-47c9-9e84-595eea556654