You probably think of art as just some canvas that makes your living room look better, or something you’d see hanging at the National Gallery of Canada but art has quietly outperformed other asset classes for years.
Art is part of a $2.3 trillion asset class according to Deloitte, which is roughly half the size of venture and private equity. Contemporary art has outperformed the S&P 500 by 131 per cent for the past 26 years, and it has a near zero correlation to stocks according to Citi., a platform with more than a $1 billion unicorn valuation, is revolutionizing art investing and bringing this asset class to everyday investors.
Masterworks holds the piece until it appreciates in value. When they sell it, you get a prorated portion of the profit. It may take some time — Masterworks will sell the piece in 3-10 years — but they have a track record of 9-39 per cent net annualized returns on sold paintings. If you don’t feel like waiting for that windfall, you have the option to sell your shares on their secondary market.
Still unsure? Take a cue from Forbes: “If you’re looking to diversify your portfolio without spending a fortune, Masterworks offers a compelling option.”— they make it simple to invest in art and potentially rake in those colourful returns. This article was created by Wise Publishing. Wise is devoted to providing information that helps readers navigate the complex landscape of personal finance. Wise only partners with brands it trusts and believes may be helpful to the reader. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Balderdash. Just pay down debt. Buy assets you use and pay them off. Everything else is a scam
Noice but elitist right?
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