Microsoft Co-Founder=?UTF-8?B?4oCZ?=s $1.6B+ MEGA Sale Highlights “Safe Haven=?UTF-8?B?4oCd?= Asset
Just weeks ago, Paul Allen's historic art collection shattered the record for largest ever sale in auction history.
Just weeks ago, Paul Allen's historic art collection shattered the record for largest ever sale in auction history.
$1.6 billion dollars worth of art purchased in just hours.
In a "normal" economy this would be newsworthy. But this historic sale happened amid epic drawdowns in every financial market during the most volatile economic periods in history.
Maybe you didn't hear about it…
But major financial institutions, like Goldman Sachs, sure are taking notice.
And so should you.
The fact that the blue-chip art market is still setting such incredible records highlights why it can be such a strong alternative diversifier.
(And every savvy investor knows the power of a well diversified portfolio.)
In fact, this isn't the first time the high-end art market has shined.
Over the last 26 years, through three recessions, three bear markets and 10 corrections, contemporary art price appreciation (+13.8%) outpaced the S&P 500 (+10.2%), real estate (+8.9%), and gold (+7.2%).
But this time around, it's not just the ultra-wealthy benefitting.
This unicorn investment platform allows everyday people to invest in shares of multi-million dollar art by names like Banksy and Picasso. (The same type of work sold at Allen's record setting auctions.)