masterworks

Masterworks, a fractional art investing platform, has shown that investing in art can be profitable. The recent sale of a Jean-Michel Basquiat painting highlights this, with Masterworks distributing over $60 million in proceeds through more than 15,000 payouts to investors. Contemporary art has...

A recent lawsuit brought attention to the alleged misuse of copyrighted works by artificial intelligence (AI) art generator companies, including Midjourney, Stability AI, DeviantArt and Runway AI. The lawsuit, filed in November, accuses the companies of using a list of over 4,700 artists, including...

The rise of wealthy, young art collectors in Asia signifies a notable shift in the market.  What was once an investing class primarily for older, wealthier people, younger collectors are getting in on the action. And with this, the online market and auction houses are adjusting accordingly....

The art market was more subdued in 2023 than it was the previous year in which all of the top 10 lots auctioned were sold for more than $50 million. This year, four of the pieces that nabbed the top 10 prices went for less than $50 million, with even the top-selling painting commanding a lower bid...

Italian art and cultural authorities got the surprise of a lifetime when they discovered a painting by 15th-century master Sandro Botticelli that had been officially listed as missing for decades but was hanging in a family home. The painting, which features an image of the Virgin Mary holding a...

Australian citizens have a legal entitlement to request "nationhood material" from their members of parliament, including portraits of the reigning monarch. For nearly 70 years, this meant a portrait of Queen Elizabeth II.  The Department of Finance has now confirmed that once official portraits of...

Art, once a playground exclusively for the ultra-wealthy, has opened its doors to everyday investors, thanks to innovative platforms like Masterworks.  This groundbreaking approach has transformed art from a mere spectacle into an attainable investment opportunity. Masterworks, a fractional...

The late Claude Monet, known as the master of impressionist art, has had another painting sold for tens of millions of dollars. This is becoming almost old hat for Monet's work, but the unique aspect of the sale was that no one aside from the owners had seen the painting before it hit the auction...

In an interview with Yahoo! Finance published in 2017, legendary investor Warren Buffett pinpointed a fundamental error many investors make. Buffett, known for his simple yet effective investment philosophy, highlighted the pitfalls of overconfidence in the market. Buffett’s investment...

Warren Buffett’s unexpected decision to invest in Japan during the 2020 pandemic seems to have paid off, and no one appears more pleased than Berkshire Hathaway Inc. Vice Chairman Charlie Munger.  The strategy was a departure from the company’s well-known preference for American...

A sinister portrait of a young girl wearing a red dress can't seem to find a permanent home.  Visitors to the Hastings Advice Representation Centre, a thrift shop in St. Leonards-on-Sea, England, find the painting unsettling, and buyers return it quickly.  The painting's journey began...

World-famous investor and Berkshire Hathaway Inc. CEO Warren Buffett has earned a reputation for his immense success in the world of finance. He is known for his straightforward and practical approach to investing, which has made him a trusted source of financial wisdom for millions.  In a...

Instead of buying stocks like older generations, young, rich Americans are putting their money into things like digital money, real estate and fine art. Reports show that people ages 21 to 42 with at least $3 million are looking for new ways to grow their wealth, making them different from both...

Media tycoon and self-made billionaire Oprah Winfrey made a name for herself not only in television but also in fine art. A few years ago, she made a massive profit when she sold a 1912 painting by Austrian artist Gustav Klimt to an undisclosed Chinese buyer for $150 million. She originally bought...

In the early 2000s, Berkshire Hathaway Inc. Vice Chairman Charlie Munger made a daring yet calculated financial move. He entrusted a significant portion of his family’s fortune — $88 million — to Li Lu, often referred to as the Chinese Warren Buffett. This bold investment, though...