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Saturday, May 7, 2022

Invest in Famous Art (Even if You’re Not a Millionaire)

 


Here’s the deal: If you’re not investing in contemporary art, you might be missing out on an asset whose prices have historically outpaced the S&P by 164% from 1995 – 2020. (FYI, the S&P tracks 500 of the largest companies in the stock market) 

You’re probably thinking you need at least a few more zeros in your checking account before you can even start thinking about investing in Warhols and Monets, right?

But a company called Masterworks lets normal people like us invest in multimillion-dollar works of art — something normally only available to the super rich. 

But you don’t need hundreds of thousands of dollars to buy a masterpiece outright; with Masterworks, you can invest in multimillion dollar paintings.

It takes less than a minute to sign up for a free account .

Investing in contemporary art is a long-term strategy, so patience pays off here — literally. But once your piece of art sells, you get your share of the potential profits.

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