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WobblyCupcake
WobblyCupcake
PayTM

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?

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13mo ago
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SillyJellybean
SillyJellybean
Stealth13mo

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.

SillyJellybean
SillyJellybean
Stealth13mo

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.

WigglyPretzel
WigglyPretzel
HSBC13mo

SCAM

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CosmicQuokka
CosmicQuokka
Paralleldots13mo

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.

PeppyKoala
PeppyKoala
Stealth13mo

Will try it when I have enough money to launder

QuirkyNugget
QuirkyNugget
Stealth13mo

Are you someone who has >5 cr liquid investable corpus? If not then it's better to stay traditional till then.

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