Art & Collectibles
£320,000 Art Investment
An investor committed £320,000 to an art investment portfolio and was left unsure which of several individuals and entities were responsible for each part of the arrangement.
- Lost
- £320,000
- Recovered
- £224,000
- Recovery
- 70.0%
- Investment type
- Art & Collectibles
- Recovery
- 70.0%
Background
An investor committed £320,000 to an art investment opportunity after being presented with projected returns and information about a portfolio of artwork.
The investor subsequently became concerned when expected communications and payments did not materialise.
The Problem
The investor had been dealing with several individuals and entities and was unsure which parties were responsible for different parts of the investment.
BJM Recovery's Role
BJM Recovery undertook a detailed review of the investor's records.
The investigation considered:
- Investment agreements
- Payment records
- Correspondence
- Promotional material
- Artwork documentation
- Company information
- Communications with representatives
- The structure of the investment
A recovery strategy was subsequently developed.
Outcome
The investor recovered £224,000, representing 70% of the original investment.
Client Experience
“The situation was extremely stressful, but having a team take the time to go through everything gave me confidence that the matter was being properly investigated.”
Case studies are presented for demonstration purposes and are illustrative of the types of matters a specialist recovery team may be asked to investigate. Every investment recovery matter is assessed individually. The circumstances of the investment, the available evidence, the parties involved and the applicable recovery process will determine the appropriate course of action.
Have you experienced something similar?
Investment losses can be complex and every situation is different. If you have lost money through an investment that has failed, become insolvent or stopped communicating, our team can assess the information available and discuss the potential next steps.