Anyone have any thoughts on this?

I've been curious about putting a chunk of money in alternative investments such as fine art, but always thought the learning curve of figuring out how to do that was too big.

https://www.masterworks.io

Art investing is something you do if you enjoy it hanging in your house.

It sounds like a good way to throw your money in the garbage.

Alternate investments, such as fine art, are usually only for those who have plenty of money to spare or such a huge pile of liquid assets that shoveling cash into high end things is done for pleasure, mostly, not real investing. Braggadocio is also a big incentive for many. Years ago I could have purchased two small ink sketching's by Rembrandt*. Quite small in fact, for $3,000. I was thinking then that I could brag that I owned some Rembrandts and it would be factual. That they were small drawings of little important or significance would have been beside the point. I passed and eventually some other moron purchased them.


There are exceptions. More low end things say as rare books and maps or ancient Chinese porcelain, are examples. But you must have the capital for such things or persuade others to back you etc. This aside from the expertise required to actually be good at this precludes most from doing it. Think of the time investment/schooling. Most shouldn't try would be my advice.


Stick to easy stuff that makes money in massive amounts: drugs, sex, non-violent bank robbery, blackmail, con artistry, swindling old people, and the best of all: Religion (which is a combination of all the things I just listed).

Shalom.

* from a reputable art house that provided the provenance and certificate of authenticity.

Investing in fine art is for tax cheats and scam artists. If you're not either then you're the mark.

This is my nominee for post of the month lol.

Shalom.

One of the questions I have is what to do if you find an original copy of the Declaration of Independence hidden in the frame. Is it better to separate it from the painting, or do you get more value by keeping everything together as as set?

The fact that there is way more information on this in a 3rd party article than their actual website should throw up a million red flags: https://observer.com/2018/08/masterw...-warhol-monet/

They bought 2 pieces so far, an Andy Warhol piece for $1.8 milion and a Monet for $6.3 million and intend to resell them within 120 days and charge an administrative fee of 2% and another fee of 20% of the profits.

The fund will also be using the ethereum blockchain, because I guess it's 2018 and blockchains make everything better?

If you want to invest in art buy pieces by David Choe. They are hard to find and will go up in value like crazy when he dies.

Good luck in trying to overcome a 30% vig, which is typical for art and antique items.

I'm wondering if I saw the same two Rembrandts that you saw. I almost bought them for the same purpose of braggadocio. It was 1999/2000 in an arthouse in La Jolla CA. I wonder what price these tiny pen drawn doodles are fetching today?

If the same ones, I saw them in Santa Fe, NM about 2005/2006 as my best guest. I doubt these ink doodles escalate in price very much at all. Probably don't even keep up with average inflation.

Their justification for the viability of investing in art is that masterpieces have beaten the S&P500 while neglecting all of the pieces that were... less than master. Imagine how many pieces have fizzled into obscurity that aren't being counted in their graph.

Couldn't you say the same thing for all the companies that have not made, or have fallen out of the S&P 500?