INVEST
min $100
Investing in fine art has traditionally been the preserve of the ultra-wealthy, a domain where masterpieces are traded at high-profile auctions and kept in the hands of a privileged few. At Noyack Fine Art.01 (NFA.01), we believe that everyone should have the opportunity to invest in and benefit from the overlooked investment performance of fine art.
The kind of investors we intend to partner with invest for reasons other than greed or conspicuous consumption. We believe their 'WHY' to invest is more likely to provide for their family's future; or diversifying their portfolio with alternative investments to build generational wealth; or maybe because they have a passion to support art and artists or the selflessness to invest on behalf of a philanthropy. Our WHY is to make your WHY a reality.
NOYACK is your guide to this insider world. We get you into the room where it all happens.
NFA.01 offers a unique and impactful investment opportunity. With a minimum investment of just $100, you can own a share of a thematically curated portfolio of contemporary artworks, selected by our expert curator and acquired at primary prices directly from artists’ studios.
Our experienced team, led by Andrea Pemberton, brings unparalleled expertise and insider access to the art world, ensuring that our portfolio includes some of the most promising and significant contemporary artists.
Don’t miss this chance to be part of something extraordinary, to invest for a purpose. Investing in NFA.01 is about more than financial returns. It’s about creating a legacy for your future self and your family.
Or maybe, you just have a passion to support art and artists. Whataver your WHY is, Noyack Fine Art.01 is impact, your impact.
AccessGranted™
Noyack Fine Art I, LLC is offering up to 277,777 Class A Units, at a price per unit of $20.
Class A Units are entitled to receive any and all net proceeds from the sale of any artwork and/or the Portfolio up to $20.00 per Class A Unit before any payment is made to the Administrator. If and to the extent the Class A Members have received $20.00 per Class A Unit following a sale of any artwork and/or the Portfolio and there are additional net proceeds remaining, then (i) 85% of such remaining amount shall be distributed to the Class A Members, pro rata in proportion to the number of Class A Units held by each such Member, and (ii) 15% of such remaining amount shall be distributed to the Administrator.
NET PROCEEDS require the following payments PRIOR to any distribution: (1) payments of principal, interest, charges and fees pertaining to any of the Company’s indebtedness; (2) costs and expenses incurred in the conduct of the Company’s business (including any costs and expenses incurred in connection with the sale of all or a portion of the Portfolio); and (3) amounts reserved to meet the reasonable needs of the Company’s business. Notwithstanding anything herein to the contrary, no Member may receive a Distribution to the extent that, after giving effect to the Distribution, all liabilities of the Company exceed the fair market value of the assets of the Company.
The Administrator will be entitled to receive an annual asset management fee (the “Fee”) equal to 2.0% of the value of the total Class A Units outstanding per annum, issued on a quarterly basis in arrears, commencing on the date of the initial closing of an offering. The Fee is payable, at the sole option of the Administrator, in Units (valued at the then current transaction price) or cash (funded by proceeds from the offering). There is no overall limit on the number of Units that may be issued to pay the Fee.
The Administrator also will be reimbursed for all reasonable and necessary expenses paid or incurred by the Administrator in connection with the operation of NFA, including, without limitation, all organization and offering expenses associated with an offering, expenses associated with the acquisition, maintenance and disposition of some or all of the Portfolio, and legal and accounting fees. These expenses will be paid from the Company’s working capital, which will include proceeds from an offering, operating revenues, and proceeds from the sale of some or all of the Portfolio.
Cash distributions will be made by NFA at such time and in such amounts as determined by the Board in its sole discretion. The Administrator shall receive a subordinated participation in future distributions, upon the sale of the Portfolio or the sale of any individual piece of artwork if the Administrator determines to distribute the proceeds of such individual sale to the Members of the Company.
The Administrator may determine to sell all or any part of the Portfolio without engaging a third-party intermediary, in which event, the Administrator would charge the buyer(s) of the Portfolio a reasonable fee not to exceed the lowest published buyer’s premium charged by Sotheby’s, Christie’s or Phillips in effect at such time.