Turn $19,000 into $110,000,000? It happened in this art market
Year rrright, sure. So, what’s the catch?
We get it, it might seem too good to be true. But check this out: this dude in NYC copped a Basquiat painting back in '83 and straight up cashed in with a 5,798x ROI in 2017. Sounds wild, right?
But get this, contemporary art prices have been lowkey outpacing the S&P 500 by 136% over the past 27 years. Yes you need exactly a fortune in the first place, so it's worth understand the compounding power behind it, and owning only a piece of it. Now, even regular peeps can get in on the action with Masterworks, this top-notch art investing platform.
Masterworks' art stash is pushing a cool $1 billion, with pieces from legends like Basquiat, Banksy, and Picasso, and guess what? Regular folks can own a piece of the pie. When they sell a painting - they've already moved 16 - you get your cut of the cake, baby. The cool offerings sell out in a flash, but there might be ways to skip the waiting list, if you do your research.