The art market has changed a lot in the last few years. Now, with blockchain-based fractional art firms, investing in art is not just the domain of wealthy or institutional investors. BeInCrypto spoke to Colin Johnson, CEO of Freeport, about security tokens, registering with the SEC, and why smaller artists can benefit from a more open market.
Once, investing in the art market meant attending an auction at a place like Sotheby’s or Christie’s in New York or London. Or you would send a proxy bidder to fight for the artwork on your behalf. At the end of the event, you would either go home with a prized artwork or not. Now, the barriers to entry are lower, with investors no longer needing to own an entire item. Today collectors can own “shares” in a piece in what’s known as fractionalized ownership.
The Art Market Performs Better Than the S&P 500
There is plenty of money to be made in the contemporary art market today, too. Over the last 25 years, contemporary art investments have outperformed the S&P 500, a stock market index that tracks the performance of 500 large publicly traded companies in the United States.
DollarSprout figures show that art consistently delivers average returns of 7.6% annually. (Although, a report by
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Author: Josh Adams
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