Today's animal spirits is brought to you by masterworks.

Michael, masterworks just had another exit from one of their paintings.

They sold a George condo. I did not. I own a George condo.

Not a George condo guy.

I own a George condo called listening to voices,

but they sold George condo's gargantuan. It's a second condo that was sold.

I feel like there's a real estate joke in here, but I'm not going to go there. It's too easy.

So, initial offering was like $1.65 million. They sold this for $2.55 million.

That's a 21.5% net IRR for people. Analyze return. That's seven exits now for masterworks.

Six of which are over a 20% net return. It's pretty good. So, they got their whole track record.

When's my Gunther Forg good to sell? This untitled piece. It's a beauty.

I feel like it's just sitting there for anyone who wants it.

So, they've sold two condos, a Monet, a Banksy,

Sam Gillian, Cessli Brown. So, they've done a lot of sales so far. So, it's not just buying. So,

Masterworks tells us they have now over $560,000 users and $500 million in their collection.

Pretty impressive. There is a way list, but you can go to masterworks.com and skip it at masterworks.com

slash animal. That's masterworks.com slash animal. See imported disclaimers at masterworks.com slash

disclaimer. Welcome to Animal Spirits, a show about markets, life and investing. Join Michael

Batnik and Ben Carlson as they talk about what they're reading, writing and watching.

Michael Batnik and Ben Carlson work for Ritholds Wealth Management. All opinions expressed

by Michael and Ben or any podcast guests are solely their own opinions and do not reflect the

opinion of Ritholds Wealth Management. This podcast is for informational purposes only and should

...