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Today’s Daily Digest was crafted by us and sponsored by our friends at Masterworks.
There is more than one way to invest your money these days: stocks, real estate, crypto, sneakers. But, New York fintech startup Masterworks wants you to think about another kind of investing: blue-chip artwork.
No longer a commodity for the ultra-rich, Masterwork wants to democratize art investments by having users invest in history. Although this might not seem like traditional investing, their team just posted a jaw-dropping 32% annualized return to their investors (net of fees).
Launched in 2017, Masterworks is the first art investment platform that lets you to invest in iconic, multi-million dollar artwork. Blue-chip art is one of the oldest and largest asset classes, and has outperformed the S&P by over 180% from 2000-2018. Masterworks’ unique platform makes trading shares in masterpieces (Banksy and Kaws to name a few) as easy as trading stocks.
With the global art market projected to grow from $1.7T to $2.6T over the next six years, the opportunity to use technology to give access to everyone—not just the ultra-wealthy—is massive.
Having helped over 100,000 registered investors gain access to top-tier art investments, Masterworks is pleased to announce that Product Hunt subscribers can skip their 25,000 waitlist (conditions apply).
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