Technology and the concept of distributed, or fractional ownership, is driving the adoption of what was once investments reserved for the rich and fancy. Big ticket investments like property and art are now becoming affordable and aimed at the masses, with companies like Partbnb and Masterworks paving the way in this respect.
I happened to stumble upon the masterworks site and thought it was interesting. After all, the art market does not have a positive correlation to other asset classes like the equities market, so it could prove to be a good diversification strategy.
Art also seems to be able to hold their value quite well. Plus, who wouldn’t want to be able to say that I own (part) of a Warhol? So, I signed up at the website, and lo and behold, it seems like fractional art ownership is pretty damn popular.
#15,522 on the waitlist. Alrighty then…...