Fractional ownership platforms open up luxury goods to retail investors
Fractional ownership platforms open up luxury goods to retail investors
Anyone can easily own a Basquiat painting, a pair of Yeezy sneakers or even a Ferrari – at least, that’s the promise of a growing number of fractional ownership platforms that sell shares of these rare items, starting at just a few dollars.
One platform, Masterworks, in 2020 turned the $6 million painting The Mosque by Jean-Michel Basquiat into 284,420 shares at $20 each.
With fractional ownership, there’s no chance of hanging the painting in a buyer’s home or parking a Lamborghini in their garage.
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