Investing in modern art. Good or bad idea?
Hey Viners, Has anyone here tried investing in modern art via platforms like Masterworks? Sounds like an interesting value proposition to diversify. What are the cons one should keep in mind?
SabChangaSi
Stealth
10 months ago
Are you someone who has >5 cr liquid investable corpus? If not then it's better to stay traditional till then.
StuckInBlr
Stealth
10 months ago
Will try it when I have enough money to launder
While not exactly this, but I got 100$ in hedonova they made it 113$ within 5 months maybe,
It's some sort of hybrid alternative investment fund based out of USA/Singapore.
If you're the explorer types, I'd recommend checking it out, it'll be a diversified bet outside of Indian markets.
Kamlesh
Stealth
10 months ago
You'll need an understanding of the art world for better returns tbh. Fine to allocate a small sum.
Cons is the same as most other illiquid assets, can lead to losses or marginal gains and high opportunity cost.
Kamlesh
Stealth
10 months ago
That's for art in general^ ownership is yours. Which means taking care of it is your responsibility.
Masterworks is a business entity at risk of the usual perils , if they go under you might lose money. And you don't own the painting, only a hypothetical fractional token.
