Divulge: This is a sponsored post. Readers are encouraged to do more research before taking any action. Learn more>
Recently, the ultra-rich spent more than $ 2.6 billion on this 277-year-old asset in just 2 weeks.
Why? Because while most investors focus on the NFT craze, they didn’t realize that there is an estimated $ 1.7 trillion market that is gaining popularity due to craze.
In fact, the WSJ called it “among the most popular markets in the world.” And the ultra-rich are helping drive this market to record levels:
The Rothschild family sold this incredible asset for more than $ 197 million to the Dutch government.
Oprah Winfrey sold this asset for $ 150 million (raising $ 62 million for her).
Jeff Bezos recently sold Amazon stock to buy $ 70 million of this asset.
Bill Gates keeps $ 124 million of this asset under lock and key in his personal mansion.
And Steve Cohen, the legendary hedge fund manager, spent more than a billion dollars.
What is this alternative asset? Art. Not digital art like NFT, but physical masterpieces by famous artists like Picasso, Monet, Basquiat, Banksy, and Warhol.
There may be a few reasons why the ultra-rich have invested in this asset:
- Contemporary art price appreciation has outpaced the S&P 500 nearly 3 times from 1995 to 2020.
- In periods of inflation equal to or greater than 3.0% (now it is double), contemporary art grew by 23.2% on average and outperformed most other alternative assets (such as real estate and gold).
- In 2020, amid the pandemic, art surpassed Citi’s top 10 asset classes, many of which have been considered conventional “security hedges.”
What makes this asset so attractive?
As a BBC article recently put it, “Art has no correlation with the stock market, paintings can go up in value even when the market crashes.”
Unfortunately, most people simply cannot afford to invest in a $ 100,000,000 Picasso.
But there is an alternative. An innovative billion dollar app makes it possible to invest in similar large works of art by famous artists such as Picasso, Basquiat and Soulages … without the need to invest large amounts of money.
What is the $ 1 billion app?
Masterworks.io is a billion dollar art investment startup that allows everyday investors to buy contemporary art. And for just a fraction of the cost of a complete painting.
It gives investors daily access to some of the same types of paintings collected by wealthy collectors like Jeff Bezos, Bill Gates, and Eric Schmidt.
Every day, investors choose Masterworks.io because it allows them to invest in stocks that represent investments in works of art without spending millions of dollars.
It gives you the opportunity to invest in a Banksy or Condo painting for as little as $ 20. And with 295,000 users on the Masterworks.io platform, it has become very popular.
Why use this app now?
According to Citi, art prices have outpaced other asset classes, such as stocks, cash, real estate and certain commodities during the pandemic.
That is because contemporary art has a low average correlation with other major asset classes.
For investors who wish to invest in an alternative asset when the market seems uncertain due to the recent crisis, they can now do so through Masterworks.io.
Investors can choose to invest in artwork by artists such as Pablo Picasso, Zao Wou-Ki, and Gerhard Richter on the platform.
However, once certain targets are reached for each artwork, investors will no longer have the opportunity to invest.
For example, recently a new Banksy artwork called “Exit Through the Gift Shop” It sold out in less than three hours on the Masterworks.io app.
How does the Masterworks.io app work?
In 2017, CEO Scott Lynn set out to democratize the art market by titling the first painting, ‘1 Colored Marilyn (Reversal Series) by Andy Warhol.
He said, “That light bulb went on four years ago, and it occurred to me that this is probably the largest asset class that has ever been securitized.”
Since then, Masterworks.io has evolved to have a large collection of famous physical artworks for investors to invest in.
Is that how it works:
- The Masterworks.io research team analyzes more than 60,000 data points over more than 70 years to discover what types of work have attractive price appreciation potential.
- Masterworks.io purchases and securitizes the artwork and then makes it available to investors in the Masterworks.io application.
- You can list your investments in the artworks for other users on the platform.
- You can keep your investments in the artwork and participate in the distribution when Masterworks sells it.
Price appreciation of famous works of art
In 2020, Masterworks investors saw an annualized appreciation of 32%, on the sale of their Banksy painting “Mona Lisa”, net of fees.
And in 2021, investors will receive a 31% annualized appreciation on the sale of their George Condo painting “Looking Into Space,” net of fees.
That’s why Shark Tank’s Kevin O’Leary tweeted: “ANYONE can invest in art with names like Banksy, and I love what they are doing (Masterworks).”
How to buy the “multi-million dollar asset” with a few clicks?
You just need to follow three steps to get started:
- Go to the Masterworks registration page.
- Enter your contact information and answer a few questions.
- An art investment representative will contact you and assist you.
See important disclosures at masterworks.io/disclaimer
Featuring a roundup of the biggest daily stories in the world of cryptocurrencies, DeFi, NFT, and more.
Obtain a edge in the crypto asset market
Access more information and cryptographic context in each article as a paid member of CryptoSlate edge.
Join now for $ 19 / month Explore all the benefits