Technology is changing the game yet again. This time, making investing in art possible for beginners, not just for the experienced and wealthy.
For many, investing in art is something that has probably not crossed their mind. Most people can’t afford a $1 million dollar home, let alone a $1 million piece of art.
And no, that is not a knock against “most people,” its more an admittance that art investing was just not practical. That is, until Masterworks came along.
Masterworks operates a lot like index investing (which many of you know we are quite fond of on this site!). Let me explain quickly:
Buying a share of Amazon (which was $1,700+ at the time of writing this) is just not possible for a lot of people. It’s too expensive. Let alone having to buy that share, and then also diversify your portfolio by buying many other shares various companies in various industries.
Index investing lets you get started by buying smaller pieces of a bunch of companies in one purchase. Boom! You’re instantly diversified.
With art, many people can’t afford to buy one painting – if you thought one share of Amazon stock was expensive, you should check out some of these artwork prices! But Masterworks allows you to buy shares of artwork for as little as $20 (with a $1,000 minimum investment). This simply was not possible before.
So you can now diversify your portfolio and start investing in art, even if you’re beginners without millions of dollars!
This is a sponsored post written in partnership with Masterworks.[Read more…] about Investing in Art for Beginners: Affordable Art Investing on Masterworks