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Barron's Streetwise

Paintings For Profits: Should Investors Buy Shares of Art?

Barron's Streetwise

Barron's

Business

4.71.6K Ratings

🗓️ 20 November 2020

⏱️ 24 minutes

🧾️ Download transcript

Summary

Masterworks CEO on Monet for the masses. Plus, a finance professor sees selection bias in art. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Relax.

0:02.0

Let the fact that you've woken up to a cold shower just wash over you.

0:08.0

With British Gas Home Care cover, you can get your boiler repaired again and again, and an annual service is included too.

0:18.6

Repeat our mantra.

0:21.6

Home Care. Farm mantra, home care.

0:25.0

Such British Gas Home Care cover, see Website for Turns.

0:30.0

Last year I believe we had six paintings that sold for $100 million or more.

0:35.0

The most expensive painting is sold for $420 million.

0:38.0

You know, I do think it's likely that in our lifetime is we see a billion dollar painting sell.

0:42.0

It's a big asset class. It's

0:43.9

1.7 trillion dollars in value with 60, 70 billion dollars turning over every year.

0:48.1

There's just a lot of expensive paintings out there today.

0:52.4

Welcome. out there today. Welcome to the Barron Streetwise Podcast.

0:57.0

I'm Jack Howe.

0:59.0

The voice you just heard is Scott Lynn.

1:01.8

He's the founder of a company called Master Works. It lets investors buy part ownership in fine art, Picassos, Warhols, Monets, much like how stock investors buy part ownership in companies.

1:15.0

Is art a good deal for investors?

1:18.0

Let's talk about it.

1:19.0

Better grab a smock, it could get messy.

1:22.0

Listening in is our audio producer Meta.

1:25.0

Hi Meta.

1:26.0

Hey Jack.

...

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