I’m not talking about buying a painting off some underground artist in NYC and hoping he’ll blow up and your painting will be worth millions. That would be the equity equivalent of buying penny stock.
I’m talking about those advertisements you see about buying shares or fractional shares of a painting with a multi million or multi billion dollar value. I’m sure the volatility is higher if the return is also higher however unlike cryptos art isn’t something that becomes popular then rapidly obsolete and may never become valuable again.
Bitcoin is new to this decade and has only been given its value in said time frame too. The Mona Lisa has been considered priceless for centuries. Therefore it’s likely a better store of value too than other more volatile investments like crypto or penny stocks
Submitted January 24, 2022 at 06:40AM by asemchenko81 https://ift.tt/3Az3aSf
