The art market is on the cusp of a revolution. Rapid democratization, just as in the world of luxury goods, will open the pool of potential new collectors to include a much younger and geographically diverse demographic. At the same time, the old gallery model will be displaced by powerful e-commerce platforms that connect many more art buyers in far greater volume. Poised to drive further disruption is RICHARD TAITTINGER GALLERY, a global luxury art brand currently raising expansion capital.
The Webinar will feature Founder and CEO Richard Frerejean Taittinger, great-grandson of the CHAMPAGNE TAITTINGER founder, whose tech-savvy Lower East Side New York gallery focuses on emerging and mid-career artists with global recognition. In addition, Ernest Jacquet, Chairman of the Advisory Board, will present his case for becoming a significant investor in RTG last year. RTG is finishing the final half of its $3 million expansion round to bolster its online platform and for general working capital. RTG has already raised approximately 50% of its target from new and existing investors, including the Harvard Business School Alumni Angels.
The art world has already grown dramatically in recent decades, from a $5 billion niche market, with 3 art fairs and 22,000 museums in 1975 to a growing global market of $68 billion in 2019 with 350 art fairs and 55,000 museums worldwide. And that growth is only the beginning.
Just as the market for luxury goods has expanded dramatically and created opportunities for investors in companies such as LVMH and Kering SA, a similar opportunity exists for investors in RTG’s tech-savvy, global art brand. There is a natural bridge between the Art and the Luxury Goods markets since Luxury Goods leaders have been using Art to elevate their brand by opening their own private museums: Cartier Foundation Paris since 1984, Prada Foundation, Milan since 1993, and LVMH Foundation Paris since 2014.
Richard Frerejean Taittinger, Ernest Jacquet and Sharon Phair Fortenbaugh will discuss the following: