Elton John’s $1.9 million Banksy sale reveals unexpected investment opportunity.
An iconic Banksy painting from the collection of Sir Elton John shattered expectations when it sold for a whopping $1.9 million at auction this year. But even more surprising is a group of investors a
An iconic Banksy painting from the collection of Sir Elton John shattered expectations when it sold for a whopping $1.9 million at auction this year. But even more surprising is a group of investors also celebrating this sale: 65,928 everyday users of one investment platform.
Why? Because that platform, called Masterworks, enables anyone to invest in shares of blue-chip paintings by artists like Banksy, Basquiat, and Picasso. This way, not only the music moguls and billionaires of the world can benefit from the art market.
In fact, with 23 exits, Masterworks investors realized net annualized returns like 17.6%, 17.8%, and 21.5% from 3 illustrative sales.