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Paul Solman: The usual minimum investment, $15,000, for shares of an artwork whose price is derived from an auction database tracking 7000 artists post-World War II. Masterworks says it only buys blue chips. Artists like Warhol and Kusama, whose values have outperformed the stock and bond markets for the past 20 years, Ed Ruscha, KAWS,
Editor’s Note: This story originally published on August 3, 2018 CNN — Art has become an asset class for more investors as the value of the market has grown. The highest end of the market has become a space for billionaires to face off. Recent records were set at Christie’s in 2015 when “Les femmes
Alternative assets – from works of art to vintage wines and whiskies to luxury watches – have long been a haven for open-minded investors when traditional assets like property and bonds underperform. However, expert guidance remains essential to navigating these markets, which can rely on what appear to be arcane systems for valuing assets. Happily,
Searching for the next Picasso, Pollock or Hockney to invest in? We select the 15 best artists around today. According to Picasso, it took him four years to paint like Raphael but a lifetime to learn how to paint like a child. An untrained eye cast over ‘Nude, Green Leaves and Bust’ might wonder how
The top 45 museums in the US hold endowments of more than $40bn in aggregate. Like most investors, they generally invest in public equities, and it is reasonable to assume at least a portion of their allocations are in an index fund, such as the S&P 500. Unfortunately, that means our museums are invested in
I’ve been raising funds for a building project: not a hospital, not a school, but an arts centre. It’s not an easy sell at the best of times but add in a pandemic and the fact that I’m in Africa and, according to the current rules of financial engagement, art is the very lowest of
Tony Hetherington is Financial Mail on Sunday’s ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and winning victories for those who have been left out-of-pocket. Find out how to contact him below. K.P. writes: I am sending you details of the Global Art Gallery investment company. Can you tell me
In the 1987 movie “Wall Street”, Michael Douglas played the role of Gordon Gekko, a high-powered and ruthless corporate raider. Charlie Sheen portrayed Bud Fox, an up-and-coming Wall Street stockbroker who eventually became one of Gordon Gekko’s stock traders. There’s a scene in the movie where Gekko talked about his painting by Spanish painter, Joan
Non-fungible tokens, or NFTs, have been a hot investment theme the past couple of years. Although various uses for these cryptocurrency-based assets are still being developed, art investing has emerged as an early winner for NFT utility. Traditional art investing is largely the realm of the super wealthy, but NFTs have opened the door for