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“Artwork Should Almost Double in Price”: Is Fractional Art Investing Market Future or Is It a Scam?
Who wants to buy a piece of Picasso?
Artnet NewsApril 22, 2022
Jean-Michel Basquiat All Colored Cast (Part III) (1982) property of Masterworks.
So you want to buy a Picasso?
No it’s too expensive.
Alright, that’s right. Want to buy a tiny little microscopic speck of a Picasso?
Sounds better, doesn’t it? Believe it or not, these kinds of sales the pitch is actually gain considerable ground into the wild world of fractional art sales, where massive new start-ups buy the bluest of blue-chip art-think Basquiat, Joan Mitchell and Ed Ruscha-et sell what is mostly stocks in these coins to speculative investors. Owith a influx of companies like MasterworksYieldstreet and Particle, it’s quickly becoming big business.
But what do you actually get if you buy a share in a painting, how does it work, and what is it really worth? This week, Senior Journalist and Resident Art Detective Katya Kazakina joins Andrew Goldstein to discuss his new dive into the world of art fractional ownership, published in the most recent issue of the intelligence report of Artnet News Pro.
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artnet AG published this content on April 22, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on Apr 22, 2022 12:37:04 PM UTC.
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