They're doing a prequel for NFTs now by promising 25% annual returns on (analogue) art investments, specifically pointing out that number will go up even during times of high inflation because uhhhhh art is timeless or some shit. You can buy "shares from artworks" apparently and there is totally a waitlist (because of the high demand, you see) which you can skip if you click his sponsored link.
Brb gonna check if Picasso has ever drawn an ape.
Quickly logging on to reiterate in case it isn't already clear: do not, under any circumstances, sink your money into art as an investment. It's one of the most illiquid and temperamental assets you can have.
I have no doubt that Masterworks might return some good results, since you're buying into fairly secure (for now!) blue chip artists. But the money spent on a fractional share of a painting that won't be offered for a decade or more, and might get burned at market because an oligarch buyer decides it doesn't match the drapes on his yacht, is better spent on literally anything else.
Edit: also if you're gonna buy tangible assets like this, buy something that you can actually hang on your wall and look at. The fact that this shit just exists on a fucking spreadsheet is just lmao
:the-more-you-know:
Rich people buy art for things like tax avoidance and money laundering stuff. This absolutely not something that anybody trying to make a buck flipping art is going to win at.
The only people who make money off this shit are people who can afford to drop $100m in a night, the many layers of market middlemen ready to take advantage of gullible rubes who thought that "art always appreciates," and like two guys on Antiques Roadshow that lucked out
:nicholson-yes:
the art market can have good returns if you're an aristocrat and know their social rules it's a club that if you're not part of you will never be part of without first being knighted or being already very rich (the later being a prerequisite for the former).
it's a case where the "you are a peasant" thing applies as to these people that's all we ever were