Buy Shares in Masterpieces For $20
For those of us who could never afford a Warhol or Monet for ourselves, there is another option: purchasing a stake in newly acquired, soon-to-be-resold art. On Masterworks, a new platform aimed at opening art up to a broader investing audience, shares begin at $20, with a number of investors entering in with investments in the thousands. Investment value could jump well beyond the initially invested numbers if the art is sold at a higher price than it was purchased at. But, for the smart art buyer, potential risks exist at every turn. Who was the previous owner? Will the art be exhibited prior to sale? Was it damaged at any point? Though this may not be a way to amass a fortune, it is an interesting effort to democratize a market commanded by the well-endowed. Read more at the Observer.
Via observer.com link opens in a new window
What are your thoughts?