What is it like to study in China?
Promoted
Which apps do wealthy people use the most?
Investing apps.
One of the newer ones lets them invest in the growing blue-chip art market.
Luckily, you don’t need to be a millionaire to sign up. In fact, membership is free.
It’s a simple enough idea - some paintings have been incredible investments in the past (for example, the $19,000 Basquiat that resold for $110,500,000 50 years later).
But no one has a time machine to go buy paintings by Basquiat when they were selling for $5,000. Now, top tier paintings have price tags in the tens or hundreds of millions of dollars.
And building up a portfolio of them? That amount of money can be tough to stomach, even for the richest of the rich.
That’s why the folks at Masterworks came up with a solution: Why not make paintings investable through shares, similar to how stocks represent a piece of a larger company?
Demand has been unexpectedly high. Since recently launching, they’ve signed up more than 573,000+ members.
They’re constantly bringing $1mm+ offerings to their members, and previous ones have sold out in hours or even minutes.
Masterworks has been featured in the New York Times, Wall Street Journal, Bloomberg, CNBC’s Mad Money, etc. and launched over 170 securitized works of art.
So far, Masterworks has delivered strong returns to their investors. 7 of masterwork's latest 8 exits have handed investors over 17.5%* net returns each time.
Want to see what’s currently available? You can check out their offerings right here.
*Net returns refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the date the sale is consummated. IRR may not be indicative of Masterworks paintings not yet sold and past performance is not indicative of future results.See important disclosures at Masterworks
评论
发表评论