Picture this: you are bidding on an abstract piece from incredible artist Andy Warhol. Going once…going twice…sold! You probably have a lot of money to spend and perhaps you are a famous actor, right? Well, hold your horses.
These days it’s not so hard to get into what was once premium and untouchable investment concepts for people without large net worth. For example, Fundrise is a service that will allow you to invest in real estate for just $500!
Leveraging technology, you can put your money, along with other people’s money and fund the investment together in a secure and high yield environment!
Why Fine Art is a Solid Investment
Fine Art has always been labeled as an investment, but it hasn’t been available for your average investment because it’s been limited by the lack of technology. By comparison, if you invest in Art vs the S&P 500, you’ll find that Fine Art has the upper hand!
So not is art a tangible place to invest your hard-earned money, but it might have better return as well!
Use Masterworks to Get Started
Perhaps you want to get started investing within the Fine Arts space but don’t know-how. Well, now you can with Masterworks!
Getting starting is super easy with Masterworks but you should also have the funds allocated to get started. And for one, it’s not going to be cheap. Here’s the concept of Masterworks:
- They buy the painting
- They officially release the painting to public investments
- They sell the shares of the painting to you and other investors
- Together with your other investors, decide to keep investing or sell the painting
It should be of note that the expected time frame to sell or liquify your shares could take 5-10 years. This is an investment after all!
What You’ll Need to Invest
There are certain requirements to get started with Masterworks. For one, you’ll need to understand that this is an investment, so there’s risk involved. But as far as technicality is concerned, you’ll need:
- Funds (up to $10,000 to start)
- Verified Identity
- Valid Email Address
- Bank Account or Debit/Credit Card (sadly, AMEX is not available)
You’ll be able to purchase shares through the dashboard once you’ve completely set up your account!
Finding Info on Your Selected Art Piece
Masterworks makes it easy to find out investment potential, along with official SEC documents to ensure that you are investing in a legit and fair manner. Through its art info section you’ll find:
- What they paid for the piece
- What it may sell for (Auction House Estimate)
- Official documents
- and Similar Piece Performance