Whew, that nose.
MASTERWORKS
like as in
freemasonary money laudering service
__________
Kasia Zezula
Works at MasterworksApr 17
Promoted
Did Harry inherit more than William?
Yes and no. When the Queen mother died back in 2002 she left more money to Harry, knowing that William would eventually become Prince and inherit the Duchy of Cornwall, a private estate valued at over $1 billion.
Which is exactly what happened when Queen Elizabeth passed away in 2022. So overall, Willian inherited quite a bit more than Harry.
But this $1 billion estate is nothing compared to the $10 billion that King Charles received tax free, thanks to a clever investment by the Queen into one of the world’s most exclusive asset classes … fine art.
The Royal family has been investing a portion of their fortune into art for centuries …
But the Royals are far from the only billionaires who have invested a significant chunk of their fortunes in this emerging asset class.
Billionaires like David Geffen, Jeff Bezos, and Bill Gates are all avid art collectors.
The recently-named “richest man in the world,” Berard Arnault, who is the CEO of luxury-goods conglomerate LVMH, has an extensive collection of art.
Plus, there’s a long list of celebrities like Jay-Z, Oprah Winfrey, Steven Spielberg, Jack Nicholson, Madonna, and Ellen Degeneres who have invested millions into art.
The only problem is, regular investors have always been locked out of this asset class because it usually takes millions of dollars to purchase just one iconic piece.
Until now. Investing in art just got easier, thanks to a revolutionary new investment platform called Masterworks.
Masterworks provides a simple, secure way for anyone to invest in shares of paintings from famous artists like Picasso, Banksy and Basquiat.
Which is great, because contemporary art prices have outpaced the S&P 500 by 131% since 1995 … and real estate and gold by more than three to one over the same period.
Even better, art acts as a great hedge during periods of high inflation and market volatility.
Which is why Blackrock CEO, Larry Fink, who manages nearly $10 trillion in assets, recently called art “the new gold” because of its remarkable ability to “preserve wealth”
These are just a few reasons why billionaires like Larry Fink, Jeff Bezos, and Oprah Winfrey are pouring hundreds of millions into this asset class.
Thanks to Masterworks, you can join them. All you need to do is go to this link to sign up for a free membership.
See important disclosures: Masterworks
https://www.masterworks.com/
looks like fine art need regular joes
to spend some cash?
________
https://www.forbes.com/advisor/investing/masterworks-review/
Masterworks Review 2023
Masterworks is an alternative investing platform that sells shares in works of fine art. Masterworks makes it relatively easy for investors invest in contemporary artwork by famous artists like Banksy and Jean-Michel Basquiat. The platform offers good research and support resources, and features a well-designed, easy-to-use interface. If you’re looking to diversify your portfolio by investing in artwork without spending a fortune, Masterworks offers a compelling platform.
Pros
Platform provides good investment research on artworks and the contemporary art market
Masterworks handles the entire process of finding, purchasing and storing artwork
Platform is well designed and easy to use
Offers early liquidity through a secondary market
Cons
Fine art is a relatively high-risk investment, with no recurring income stream
It could take three to ten years for the company to sell an individual artwork and generate returns for investors
Relatively high fees compared to other types of managed investments
Limited liquidity, users may only sell shares early if they can find a willing buyer on the secondary market
Must have a short interview with the company to join
cont:
Who Should Choose Masterworks?
Masterworks could be a good option for people who want to add alternative investments in fine art to their portfolio, but would prefer to avoid the costs, risk and hassles of buying entire works of art themselves. With a minimum required investment of $10,000, regular investors won’t need millions to buy valuable contemporary art on Masterworks.
Investing in art involves unusual risks, however. It can take three to ten years before Masterworks sells a work of art from its portfolio, and there’s no guarantee that art works will earn a profit when they are sold. According to Masterworks, the contemporary art market delivered an average annual return of 14.1% over the past 26 years.
That makes Masterworks best for customers who are willing to take on some extra risk for the chance of higher gains. In addition, potential investors should ideally have a passion for contemporary art and some basic knowledge of the art world, as you need to choose which art works you’d like to invest in.
For investors looking to generate ongoing income or who want simpler, safer alternative investments, Masterworks may not be a good fit. It’s also not ideal for investors who need liquidity. While it may be possible to cash out your shares early through the Masterworks secondary market, that’s not guaranteed.
To stay safe, it’s best to only invest money with Masterworks that you could afford to keep locked up for years until the platform eventually sells the artwork in which you’ve invested.
How the Masterworks Platform Works
The company’s research team evaluates promising contemporary artists, and purchases artworks that they deem have a good likelihood of gaining in value over time.
After purchasing a work of contemporary art, Masterworks files with the Securities and Exchange Commission (SEC) to sell fractional shares in the work to investors via their platform. Registering each work of art with the SEC makes them qualified investments, allowing Masterworks to accept retail investors and accredited investors.
Once the SEC approves a filing for an individual work of art, Masterworks sells shares for 90 days to their members as a primary offering. You can decide how many shares you want to buy at the listed price. The company tends to price fractional shares at $20 each.
Masterworks holds works of art for three to ten years, until they find a good opportunity to sell them to collectors on the contemporary art market. To date, the company has sold seven works of art, with an average realized net return of 17.8%.
Rhubab by Joan Mitchell; annualized net return of 17.8%
Staring Into Space by George Condo; annualized net return of 21.5%
Lady Day II by Sam Gillman; annualized net return of 33.1%
Mona Lisa by Banksy; annualized net return of 32%
Lured by Cecily Brown; annualized net return of 27.3%
Coup de Vent by Claude Monet; annualized net return of 9.2%
Doppelbild by Albert Oehlen; annualized net return of 36.2%
Once the sale of an art work is complete, Masterworks distributes all proceeds to investors who own shares in the work, prorated by the number of shares owned, minus its own cut of the profits (more on that below).
If you want to cash out your fractional shares before Masterworks sells a work of art, the platform offers a secondary market. Users can buy and sell shares to and from other Masterworks users, although there is no guarantee that there will be buyers your shares at the moment you want to sell. Secondary market prices entirely depend on demand from other Masterworks customers.
Note that the Masterworks secondary market is only open to U.S. citizens who have a bank account with a U.S.-based bank.
cont:
Masterworks Fees and Costs
Masterworks charges two fees. First, they charge a 1.5% annual management fee based on the total value of your account. They deduct this charge in equity each year, gradually reducing the number of shares you own. You do not have the option to pay the fee in cash.
Second, if Masterworks sells a work of art on the open market after three to ten years for a gain, they keep 20% of the profits. Masterworks uses these fees to offset the extra costs that come with managing artwork, such as storage, appraisals and insurance, along with SEC regulatory fees.
Masterworks does not charge any transaction fees. You won’t owe anything for buying the shares initially or for selling them to another investor on the secondary market.
Masterworks Advantages
Excellent Art Investment Research
Masterworks provides users with very good research resources on comporary art and the fine art market. Best of all, they offer a contemporary art price database to track thousands of pieces of art. You can search for specific artists and research going prices for their work.
The database provides financial information about each piece of art, like its most recent sale, its gross appreciation, and its annual investment return. Masterworks also provides articles and videos teaching people about art investing
A Well-Designed Platform
The Masterworks platform is clean, simple and well-designed. It’s easy to find the information you need about the different pieces of artwork and to make investments. You may also access your account via a mobile app.
High Potential Returns
Historically, artwork has a higher return compared to other investments like stocks, bonds, and real estate. Art investments averaged a 14.1% annual return over the past 26 years. During this same period, the S&P 500 earned 9.9% per year.
Artwork can offer extra diversification for your portfolio. The ups and dows of the fine art market are relatively uncorrelated with the stock market, which can hedge your returns against a market downturn.
Accessible for Regular Investors
Investing in fine art has conventionally been the special preserve of the very wealthy. Not only would you need to pay the entire price of a work of art upfront, you would also need the ability to pay for ongoing costs of storage and insurance. There are no fine art exchange-traded funds (ETFs) or mutual funds available.
With Masterworks, small investors can buy shares directly in pieces of art they like. In addition, it’s open to any type of investor. You don’t have to be an accredited investor or high net worth individual to use their services.
Reliable Customer Support
Masterworks offers customer service by phone and by email. You can easily connect with one of the platform’s art specialists during the initial interview. This gives you the opportunity to talk about your goals and risk tolerance, after which the specialists help you pick appropriate pieces of art for your investment.
cont:
Masterworks Disadvantages
Users Must Design their Own Art Investment Portfolios
While Masterworks charges a high annual management fee, you are ultimately the one who picks the fractional shares that make up your portfolio. Contrast this approach with a robo-advisor or a mutual fund, where experienced, professional money managers select the investment assets that make up your portfolio.
For investors who have a strong interest in contemporary art, this might not be a major disadvantage. But if you’re not well informed about current trends in the market for fine art, you could be at a disadvantage when it comes to making the best choices.
That said, Masterworks experts vet the quality of each piece and they only list those that they think have good investment potential. But at the end of the day, you need to decide which works are the best fit for you.
Fine Art Investments Carry Big Risks
Masterworks itself warns that investing in fine art carries big risks. Artwork does not generate any ongoing cash flows, like interest payments or dividends. The only way to make a good return on your investment is if someone ends up buying the piece for a higher price years down the road, something that is not guaranteed by Masterworks.
The platform’s secondary market provides users with a way to cash out early, but that also carries risks. While you can try selling your shares, there must be another Masterworks user looking to buy, and that’s not guaranteed either.
Higher Taxes on Fine Art
Fine art is taxed as a collectible, subject to a long-term capital gains tax rate of 28%. That’s higher than the long-term capital gains tax rate on conventional investment assets, which tops out at 20% for the wealthiest Americans.
Requires a Phone Interview
Before you can join Masterworks, you need to have a phone interview with one of the company’s specialists. The interview is not a way to reject some applications; on the contrary, it provides a way for Masterworks to get to know you better, answer your questions and recommend investments.
For some potential users who prefer an online-only investment experience and want to get started right away, the interview process might be annoying.
Secondary Market Only Available to U.S. Citizens
To buy and sell shares on the Masterworks secondary market, you must be a U.S. citizen with a U.S. bank account. This could block international investors from one of the platform’s key features.
cont:
About Masterworks
Masterworks is a privately held startup company based in New York City that was founded in 2017 by Scott Lynn. The company’s first acquisition was Andy Warhol’s 1979 painting 1 Colored Marilyn (Reversal Series), for a purchase price of $1.82 million. In October 2021, Masterworks raised $110 million in series A venture capital funding, at a total valuation just above $1 billion.
art shit
art world now looking
for regular joes dough $$$$?
Because of Course They Are: Right Freaking Out With Obama Chef Conspiracy Theories
The right is ginning up some bizarre accounts of Tafari Campbell’s death, based on little more than their fevered imaginations.
https://newrepublic.com/post/174563/course-are-right-freaking-obama-chef-conspiracy-theories
Liz Crokin, a Trump supporter
and QAnon follower,
implied that Campbell met an untimely end because he was “employed at the White House for Obama’s private party where they flew in $65K worth of hotdogs and pizza.”
Without getting too into conspiracy theory weeds, this argument, naturally, is not just about hot dogs and pizza—rather, it is yet another popular right-wing theory loosely rooted in the “Pizzagate” conspiracy of yesteryear.
Many QAnon believers
think that Obama actually spent $65,000 on child prostitution, based on an unsubstantiated and leaked email chain from 2009 between employees of a private company that provided food for an Obama-hosted Super Bowl party held at the White House in 2009. (You can read a full debunk here if you’re really interested in all of the complicated mental gymnastics involved.
(Agencies)
Massachusetts state police noted that multiple agencies assisted in the search for Campbell, including “Edgartown Fire and all other island fire departments; local police; State Police patrols, Air Wing, and detectives, the Dukes County Sheriff’s Department and the Coast Guard.”
But the right is far too invested in its conspiracy theories about the country’s first Black president to accept that Campbell’s death might be more ordinary than their
fevered imaginings.
Moar: https://newrepublic.com/post/174563/course-are-right-freaking-obama-chef-conspiracy-theories
>the right is far too invested in its conspiracy theories about the country’s first Black president to accept that Campbell’s death might be more ordinary than their
fevered imaginings
Rewrite this about Trump and any
fevered imagings
And never see it written, spoken or printed by any media
https://www.independent.co.uk/news/world/americas/tafari-campbell-chef-obama-drowning-death-how-b2382367.html
Obama chef Tafari Campbell died in a tragic paddleboard accident. Three questions remain unanswered
How did Tafari Campbell drown?
Who was the witness to the tragedy and the 911 caller?
Were the Obamas in the house at the time?
Moar:
https://www.independent.co.uk/news/world/americas/tafari-campbell-chef-obama-drowning-death-how-b2382367.html
Fox news
https://www.vanityfair.com/news/2023/04/rupert-murdoch-cover-story
https://people.com/human-interest/all-about-the-murdoch-family/
Long pig breeder?