Artemundi and Javier Lumbreras: 5 Profitable Art Exits on Splint Invest
Artemundi is the art investment house founded and led by Javier Lumbreras. Since September 2023, Artemundi has offered 19 artworks on Splint Invest. Five of them have been sold so far. All five exits closed with a gain for co-owners. The average realised net return was +19.8% per exit, after all fees. Past performance is not a reliable indicator of future results.
This article looks at the man behind Artemundi, the partnership with Splint Invest, the current portfolio and every exit in detail.
Who is Javier Lumbreras?
Javier Lumbreras is the founder, CEO and chairman of Artemundi. He founded the company in 1989. He is one of the pioneers of art as a financial asset class.
Lumbreras was born near Arévalo in Spain and grew up in Madrid. He studied political science and business administration in the United States. He then worked for many years in Miami and later in New York. He also studied art history at the Institute of Fine Arts in New York.
His career combines finance and art. He is a certified appraiser and the author of the book The Art of Collecting Art. He has also chaired the Art Fund Association.
Over USD 1 billion in art managed: According to Artemundi, the firm has managed more than USD 1 billion in art and completed thousands of transactions.
Artemundi Global Fund (2010–2015): Artemundi reports assets under management of about USD 220 million, a net five-year return of 85.4% and an IRR of 17.4%.
Early mover in tokenisation: In 2021, Artemundi and Sygnum Bank tokenised Pablo Picasso's Fillette au béret (1964). The painting was valued at CHF 4 million and split into 4,000 tokens.
At the time, Lumbreras said: "The art market is absurdly opaque and inefficient, but these traits will soon be relics of a bygone age."
Javier Lumbreras as a collector
Lumbreras is not only an investor. He is also a passionate collector. He began collecting as a schoolboy. Together with his wife, Lorena Pérez-Jácome, he built the Adrastus Collection. It holds around 1,000 works by about 150 artists from 40 countries.
The couple is developing Collegium, a contemporary art institution in Arévalo. It will be located on the site of a former 16th-century Jesuit school. In 2023, they received the ARCO "A" Award for collecting from Fundación ARCO.
"Art expresses what cannot be said in any other way," Lumbreras told Apollo Magazine.
What is Artemundi's investment approach?
Artemundi focuses on established, blue-chip art. The firm buys Impressionist, Modern, Post-War and late 20th-century works. It avoids speculative and emerging artists.
Established names: Artists with a long auction history and broad institutional recognition.
Data-driven selection: Decisions are based on auction data, artist performance and market cycles.
Clear horizons: Artemundi offerings on Splint Invest typically have a planned investment horizon of two to four years.
How big is the Splint Invest and Artemundi partnership?
Artemundi is a long-standing art partner of Splint Invest. The partnership started in September 2023 with Salvador Dalí's The Mill Tower.
19 artworks offered by Artemundi on Splint Invest.
More than EUR 4.5 million in primary market volume.
5 exits, all closed with a gain.
EUR 1.24 million paid out to co-owners from these exits.
+19.8% average realised net return per exit, after all fees.
13.6 months average holding period until the exit.
Which artworks are in the current Artemundi portfolio?
Today, 14 Artemundi artworks are held on Splint Invest. Their estimated market value is around EUR 4.0 million. This figure is based on Splint Invest's valuation model. It is an estimate, not a guaranteed sale price.
The portfolio includes works by:
Pablo Picasso (The Painter II and The Painter III, both 1970)
Frida Kahlo (two works)
Keith Haring (two works)
Diego Rivera, Joan Miró and Mario Carreño
Fernando Botero (Seated Woman)
Alberto Giacometti (Portrait of Soshana, 1958)
Salvador Dalí, George Condo and Rudolf Stingel
The mix spans Modern masters, Latin American icons and Post-War names. Most works have a planned investment horizon of two to four years.
How did the Artemundi exits perform?
All five Artemundi exits on Splint Invest closed with a gain. Realised net returns ranged from +12.8% to +31.5%. These are specific past results. They are not a forecast for other artworks.
Marc Chagall, The Sleep of Love (1956–57): Issued in December 2023 at EUR 168,250. Sold in February 2024 for EUR 198,000. The sale took just eight weeks. Realised net return: +15.4%.
Salvador Dalí, The Mill Tower (1977): Issued in September 2023 at EUR 131,750. Sold in November 2024 for EUR 155,000. Realised net return: +15.6% after about 13 months.
Salvador Dalí, Hidden Faces (1952): Issued in November 2023 at EUR 499,550. Sold in December 2024 for EUR 574,500. It is the largest Artemundi exit to date. Realised net return: +12.8% after about 12 months.
Miguel Covarrubias, Juchitecas dancing the son (1942): Issued in October 2023 at EUR 132,000. Sold in April 2025 for EUR 165,931. Realised net return: +23.6% after about 17 months.
Miguel Covarrubias, Joven Balinesa (c. 1931): Issued in March 2024 at EUR 125,500. Sold in February 2026 for EUR 165,000. Realised net return: +31.5% after about 23 months. It is the best Artemundi exit so far.
In total, these five artworks were issued for EUR 1.06 million. They were sold for EUR 1.26 million. After all fees, co-owners received EUR 1.24 million.
What comes next?
The next Artemundi exit will be announced soon. We cannot share details yet. But we can say this much: it is another successful one for co-owners.
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FAQ
Who founded Artemundi?
Javier Lumbreras founded Artemundi in 1989. He is the company's CEO and chairman.
How many Artemundi artworks have been sold on Splint Invest?
Five Artemundi artworks have been sold on Splint Invest as of October 2026. All five exits closed with a gain for co-owners.
What returns did Artemundi exits deliver on Splint Invest?
The five exits delivered realised net returns between +12.8% and +31.5%, after all fees. The average was +19.8% per exit. Past returns do not guarantee future results.
Can I still invest in Artemundi artworks?
New Artemundi artworks are released on Splint Invest from time to time. Each offering comes with its own investment documentation. Please review it carefully before you decide.
Source of platform figures: Splint Invest, as of 16 October 2026. Background on Javier Lumbreras and Artemundi is based on public sources, including Artemundi, Sygnum Bank, Artwork Archive, Apollo Magazine and Fundación ARCO. Capital at risk. Past performance is not a reliable indicator of future results. Market values are model-based estimates and not guaranteed. Art is an illiquid asset, and a sale within a specific timeframe is not guaranteed. This article is for information only and does not constitute investment advice.
