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Membership Fees

To support its various initiatives, The Art Fund Association charges the following membership fees, which are graduated to reflect the size and character of the proposed member.

Category of Proposed Member Annual Membership Fee
(in US$)
Art Fund or Fund of Funds Manager  
NAV or CC (in US$) *See below  
<$10 million $750.00
$10 million to $20 million $1,000.00
$20 million to $50 million $1,500.00
$50 million to $75 million $1,750.00
$75 million to $100 million $2,000.00
>$100 million $2,500.00
Service Providers  
Attorneys $1,000.00
Auction Houses $1,000.00
Auditors/Accountants $1,000.00
Art Insurance Professionals $1,000.00
Art Finance Providers $1,500.00
Fund Administrators $1,500.00
Placement Agents $1,500.00
Independent Investment Committee and Conflicts Committee Members $1,000.00
Art Dealers and Art Market Advisors $300.00
Art Appraisers $300.00
Art Conservators $300.00
Purveyors of Art Storage and Delivery $500.00
Academics/Students $100.00
Accredited Investors  
Individual Investors $500.00
Institutional Investors $1,500.00


  • No Officer or Director of the Art Fund Association shall receive any financial compensation from any membership fees received from members. All membership fees shall be utilized solely for the conduct of the Art Fund Association's activities in promoting and guiding the art fund industry.
  • Fees are for the period from January 1st to December 31st of each calendar year with the amount of the fees pro rated quarterly for memberships started other than on January 1. Continued membership requires a renewal to occur by no later than January 31st of each calendar year.
  • Art fund managers pay according to the size of the funds they manage which is determined based on the method by which their annual management fees are calculated for all of such funds – by a fixed percentage of either the net asset value of the fund’s investment portfolio or the aggregate capital commitments made by the fund’s investors. As a condition to joining The Art Fund Association, art fund managers are required to certify in writing the manner in which such manager receives its compensation from each of the funds it manages and either the last calculation of its NAV or its aggregate capital commitments of such funds.
  • Placement Agents must be registered broker-dealers or associated persons of such a broker-dealer in accordance with U.S. securities laws and the rules and regulations of FINRA.
  • If the proposed member is an organization, such organization is entitled to extend the membership to two (2) individuals of such organization per annual membership fee remitted to Art FA.
  • Membership Dues are non-refundable.

Industry Chatter

November 13, 2013
Washington Post
Record auction at Christie's
October 11, 2013
France 24
New fronts open in Chinese art market as records fall
October 3, 2013
The Art Newspaper
Art fund industry struggles to emerge from the gloom
October 1, 2013
Art Market News: New York contemporary art sale soars
September 27, 2013
The Malay Mail Online
Do art funds make money and sense?
September 9, 2013
Q&A with Art Fund Association president, Enrique Liberman
September 19, 2013
Al Arabiya News
'Monet talks' as Mideast art investment proves a pretty picture
May 30, 2013
Six Risks to The Global Art Market in 2014
May 20, 2013
'New Era' For Art Markets As Collectors Drop Half a Billion At Christie's Contemporary Sale
February 25, 2013
Wall Street Journal
The Ways Art Investors Blow It
February 8, 2013
Art Market Monitor
Fine Art Fund: 10-yr Art Boom Coming
July/August 2012
ArtAsia Pacific Magazine
Co-Investing in Art: What Every Collector Needs to Know
November 30, 2012
Art Funds Follow Up: Institutional Investors Look Elsewhere
November 26, 2012
Could Fine Art And Collectibles Become A New Asset Class?
November 16, 2012
Investment Art, A Beginner's Guide
January 5, 2012
Looking Ahead 2012: The Hedge Fund Industry Speaks
August 24, 2011
Jing Daily
Wine Fund a 'Great Hope' for Chinese Investors
August 22, 2011
Art Market Monitor
Art has no value until it becomes the target of capital
August 3, 2011
Art Market Monitor
Collectors Fund Launches Second American Investment
April 14, 2011
The Christian Science Monitor
Art Market: Masterful Returns
February 2, 2011
New York Times
'Passion Investments' Capture Hearts in Mideast
January 10, 2011
The New York Times
Can't Afford a Picasso? How About a Piece of One?
January 3, 2011
High-End Art Poses Possibility for Investors
April 14, 2011
The Christian Science Monitor
Art Market: Masterful Returns
February 17, 2011
Art Fund Sell-Off Boosts Peppy Phillips Contemporary Sale
January 26, 2011
The National
Emirates NBD's New Fund Pursues the Art of Making Money
January 10, 2011
DealBook -
Can’t Afford a Picasso? How About a Piece of One?
January 7, 2011
The Wall Street Journal
The Fine Art of Finance
January 3, 2011
High-End Art Poses Possibility for Investors
. . . . . .

Events & Training

Past Events

Silent Auction Fundraiser to Benefit the Childhood Cancer Society
October 29th, 2013
@ De Buck Gallery
New York City
» Learn More

Panel Discussion, "Art & Passion Funds: The New Frontier in Alternative Investments"
Association for Corporate Growth
April 11th, 2013
New York City
» Learn More External Link

Champagne Reception
Art Basel Miami Beach
December 7th, 2012
5:30pm to 8pm
@ The Murano Grande
South Beach, Miami, FL

Panel Discussion, "Art Funds? Is Now The Time?"
March 4th, 2011
@ The Armory Show
New York City
» Read More

Art Funds Give Back
"Masks Around the World"

October 25th, 2010
@ St. Stephen of Hungary School
» Read More

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