Investors were interested

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 Javier Lumbreras (collector, investor, and philanthropist) founded the Guernica V Fund. He created his first fund right following the collapse of Lehman Brothers in 2008.


 Brothers fell apart. In that time period, it was possible in the world of art to purchase very expensive historical artworks at a lower point.


 (they were still million dollars, however, they the price was lowered due to the recession and distressed sales).


 There were collectors back at the time, wealthy individuals who wanted to deaccession some of their possessions and free up some cash flow. There were other tasks to be done.


 Investors were interested in investing in blue-chip art as an investment option because it was not correlated against the S&P 500. These assets can be beneficial in times of are economic and political instability.