First it was Established Titles, then it was Masterworks and just one day ago How Money Works exposed Skillshare. Even upstanding UA-camrs like The Upper Echelon Gamer have endorsed Masterworks before. At this point in time, these UA-camrs should just stick to manscaping products.
My neighbour is an art teacher at high school, she also gets paid to do private works , she makes a few £100's paid by the person that wants her to paint , ( her time, materials and a profit) and her paintings are more attractive than Vincent Van Goghs paintings, so should someone pay £ millions for her paintings? Chris, you said paintings are valued by the previous prices by the said artist, but what if its the artists first ever listing, but its an amazing painting?
Here are some issues with Masterworks: 1. Lots of fees, Masterworks gets their money no matter if the art value goes up or down. 3. Your money is tied up for a long time until the art is sold. 4. There is no guarantee that the art you invest in will go up. You can make a chart that art always goes up by picking art where the history of the price is known. 5. Interesting sales practices. Masterworks will tell you minimum $15K to invest but if you decline then they will say how about $10K or $5K?
Should a person invest in art? Definitively! Should a person treat art as a commodity? Certainly NOT! Art, despite being subjective, should be used to improve the Human condition. Buy a good piece of art! Understand it! Display it in your living room! Invite your friends to your home and allow them to admire it. Help them to understand it! Help to improve the world human condition! :)
The art market is notoriously opaque, auction houses get 10%-15% of each sale, and upkeep costs 1%-2% every year. It's also possible to get money out of China through Macau. You can buy chips that are used only for gambling. But when you win, you get chips that can be exchanged for US dollars.
I always felt strange about Masterworks ever since watching an interview with the owner some 3 years ago. My cousin in the Philippines has been working as an art dealer for more than a decade & he finds this strange as well, to put it politely.
I just started watching your channel and all your points are valid however I think you should make a video about your "story" i.e your history, how you made your money or where you worked because I find peoples stories extremely interesting and it can provide some insight or lessons that aren't immediately obvious as well as shed light on your credentials or what have you. You mentioned working as an art directory at a luxury hotel design company but have a channel about finance and it's that almost contradiction of industries which is extremely unique and interesting and just something I would like to hear about.
Thanks for watching. My history is quite long and complicated and I have made lots of different videos about my experiences :) You can start with a buzzfeed video I did. ua-cam.com/video/KLj_dSr8b1k/v-deo.html and also find my website etc, just google my name.
I dont think art is a bad investment if the painting is actually by the painter and not a fake. Though buying fractional shares for a painting isnt the way to go in my opinion. All of the power of deciding what to do is with the company that owns that painting and you dont even have a proper way of knowing if they even will pay you your share if the painting gets eventually actually sold. Would be interesting to know from a actual lawyer specialising in this kind of stuff what kind of rights you actually have in this kind of deal and do those rights apply equally in different countries.
So when I was at the event a friend who was a lawyer thought the concept of shares was a brilliant idea, hehe. And as an owner you could go visit the art you part own at any time. I personally wouldn't mess with the shared stuff myself though.
For collectibles, personally as a collector of Pokemon Cards I feel that it's best to treat these things as hobbies, too many people go in expecting to reap profits and speculating on pieces they wouldn't want if they couldn't flip it. I would say, invest in a way that even if one day your collectibles drop 90% in value due to unforeseen circumstances, you would still find joy in opening them up yourself and relieving past memories or simply just admiring the art or products. If you feel nervous about watching prices for your collectible fall, then you either threw in too much money or simply have no passion for it, or both. In general, treat it like a healthy hobby and you'll be fine.
@@realchris Indeed, most older cards in Pokemon are relatively easy to replicate in Pokemon compared to modern cards, but so far all the fakes I've seen can be sussed out relatively quickly if you deal IRL and not over the internet, the newer generation of hit cards comprise multiple layers and have complex texturing on them that differs from card to card that isn't financially worth it to replicate and sell, I'd think!
Buying art is like buying gold. You better like what you are purchasing because you may never receive the price you paid for it should you ever want to sell it.
Interesting. It sounds like greater fools theory mixed with money laundering. I think the big time collectible car auctions have become another form of money laundering. What some cars sell for at those makes no sense. Art - what some people think is amazing and extremely valuable, others would use to line their pets litter box.
I dont think art pieces have real value, but photographs do, cos newspapers will buy a photo from you if you managed to capture a rare image, eg a meteor or a volcano exploding as this will help them sell their papers and scientists will also want to see it too.
however, images painted are worth lots as the camera hasnt been invented eg, the Bayeu Tapestry( held by a British Museum) is worth lots cos it depicts the events leading up to the conquest of England in 1066. But paintings of flowers eg are not worth anything in my eyes.
Masterworks told me the min buy in was 15K, but for $99 fee I could get in. The concept was interesting and investing in culture sounds good. So besides the $99 fee and risk, it seems ok, but like stocks, profit over time or luck
many years ago I put my hand up in an car auction on my own car which was listed and driven into the auction, It isnt allowed, but nobody checks, I was worried incase I was the only bidder and bought my own car!!!
@@realchris did you see the james bond film Octopussy where James bond bids up the price of the Faberge egg in an auction to see who was the desperate buyer! ( the evil villain of the movie)even though James Bond had no money to buy it!!
@@realchris Roger Moore came to my small town a few years ago to a do a Q and A in the town theatre(just before he died) Wished i went to it, I was a fan of his movies.
If anyone is shouting on top of their lungs what is a good investment, just don't. If there is something which is a good way of investing, no one is going to share it.
Unexpectedly great piece on the art world. Should be pointed out that this Trump incident was from 2013. If the whole point was to imply that Trump has a blinding ego, in over 50 years on this planet, every President I can remember has had a blinding ego, save possibly Ford (who never wanted to be President).
@@realchris way to much indeed. papa hasbro is milking mtg and DND. and new set magically cost more for less cards. I will buy hasbro stock if it drops further but will not be buying their product as much.
I'm looking forward to the D & D movie. I don't watch trailer (to be surprised) but I'm hoping they pull off a good one. Hasbro stock is an interesting one. There was a rumor wizards of the coast would be spun off, but who knows.
You're conflating many different ideas here. Scams exist in every aspect of our lives, but just because scams exist doesn't make the endeavour itself a scam. And just because something is supported by the law, doesn't make it any less of a scam, especially if you consider how laws come to fruition. It's much easier to value the physical world... but how do you value ideas or stuff created in the digital world? You're gonna confuse non critical thinkers with this post. Sure, there's no easy answer but you can define the questions. Also, fear of getting scammed will paralyze you into inaction, which is a mistake in itself... but I digress.
🏠 Start Investing! www.chrisnorlund.com/invest
First it was Established Titles, then it was Masterworks and just one day ago How Money Works exposed Skillshare. Even upstanding UA-camrs like The Upper Echelon Gamer have endorsed Masterworks before. At this point in time, these UA-camrs should just stick to manscaping products.
I should make a video on this subject :) Although I basically do all the time in other ways.
@@realchris yes please, more!
My neighbour is an art teacher at high school, she also gets paid to do private works , she makes a few £100's paid by the person that wants her to paint , ( her time, materials and a profit) and her paintings are more attractive than Vincent Van Goghs paintings, so should someone pay £ millions for her paintings? Chris, you said paintings are valued by the previous prices by the said artist, but what if its the artists first ever listing, but its an amazing painting?
Awww so naïve, it's just money laundering, best way to transfer wealth
Here are some issues with Masterworks:
1. Lots of fees, Masterworks gets their money no matter if the art value goes up or down.
3. Your money is tied up for a long time until the art is sold.
4. There is no guarantee that the art you invest in will go up. You can make a chart that art always goes up by picking art where the history of the price is known.
5. Interesting sales practices. Masterworks will tell you minimum $15K to invest but if you decline then they will say how about $10K or $5K?
It's easy, just enter your email to join the exclusive community :) hehe.
Should a person invest in art? Definitively!
Should a person treat art as a commodity? Certainly NOT!
Art, despite being subjective, should be used to improve the Human condition. Buy a good piece of art! Understand it! Display it in your living room! Invite your friends to your home and allow them to admire it. Help them to understand it! Help to improve the world human condition! :)
The art market is notoriously opaque, auction houses get 10%-15% of each sale, and upkeep costs 1%-2% every year.
It's also possible to get money out of China through Macau. You can buy chips that are used only for gambling. But when you win, you get chips that can be exchanged for US dollars.
I lived down there, but never visited Macau. But yes that would be an easy way to launder or get money out.
I always felt strange about Masterworks ever since watching an interview with the owner some 3 years ago. My cousin in the Philippines has been working as an art dealer for more than a decade & he finds this strange as well, to put it politely.
Masterworks always felt sketchy, dont need to get wrapped up in that risk
I just started watching your channel and all your points are valid however I think you should make a video about your "story" i.e your history, how you made your money or where you worked because I find peoples stories extremely interesting and it can provide some insight or lessons that aren't immediately obvious as well as shed light on your credentials or what have you. You mentioned working as an art directory at a luxury hotel design company but have a channel about finance and it's that almost contradiction of industries which is extremely unique and interesting and just something I would like to hear about.
Thanks for watching. My history is quite long and complicated and I have made lots of different videos about my experiences :) You can start with a buzzfeed video I did. ua-cam.com/video/KLj_dSr8b1k/v-deo.html and also find my website etc, just google my name.
If I was rich and could own one painting it would be the Salvator Mundi. There are some really interesting videos on it here on UA-cam
Yes it seems it's a very interesting one. I like those Picasso ones though I showed.
Art is physical form of NFT
I dont remember you saying you were an art director that's cool, could do a vid on what it was like being one?
I'm pushing 50, I've done all kinds of things :)
I dont think art is a bad investment if the painting is actually by the painter and not a fake. Though buying fractional shares for a painting isnt the way to go in my opinion. All of the power of deciding what to do is with the company that owns that painting and you dont even have a proper way of knowing if they even will pay you your share if the painting gets eventually actually sold. Would be interesting to know from a actual lawyer specialising in this kind of stuff what kind of rights you actually have in this kind of deal and do those rights apply equally in different countries.
So when I was at the event a friend who was a lawyer thought the concept of shares was a brilliant idea, hehe. And as an owner you could go visit the art you part own at any time. I personally wouldn't mess with the shared stuff myself though.
And yes authenticity is a major concern in this world.
Collectibles like art and jewelry are very legitimate assets… but only if you own the genuine article. There’s no point in owning a derivative of it.
For collectibles, personally as a collector of Pokemon Cards I feel that it's best to treat these things as hobbies, too many people go in expecting to reap profits and speculating on pieces they wouldn't want if they couldn't flip it. I would say, invest in a way that even if one day your collectibles drop 90% in value due to unforeseen circumstances, you would still find joy in opening them up yourself and relieving past memories or simply just admiring the art or products. If you feel nervous about watching prices for your collectible fall, then you either threw in too much money or simply have no passion for it, or both.
In general, treat it like a healthy hobby and you'll be fine.
I would think fakes would be a massive problem in cards.
@@realchris Indeed, most older cards in Pokemon are relatively easy to replicate in Pokemon compared to modern cards, but so far all the fakes I've seen can be sussed out relatively quickly if you deal IRL and not over the internet, the newer generation of hit cards comprise multiple layers and have complex texturing on them that differs from card to card that isn't financially worth it to replicate and sell, I'd think!
Buying art is like buying gold. You better like what you are purchasing because you may never receive the price you paid for it should you ever want to sell it.
Interesting. It sounds like greater fools theory mixed with money laundering. I think the big time collectible car auctions have become another form of money laundering. What some cars sell for at those makes no sense.
Art - what some people think is amazing and extremely valuable, others would use to line their pets litter box.
I dont think art pieces have real value, but photographs do, cos newspapers will buy a photo from you if you managed to capture a rare image, eg a meteor or a volcano exploding as this will help them sell their papers and scientists will also want to see it too.
however, images painted are worth lots as the camera hasnt been invented eg, the Bayeu Tapestry( held by a British Museum) is worth lots cos it depicts the events leading up to the conquest of England in 1066. But paintings of flowers eg are not worth anything in my eyes.
Uncertain investment
Evidently some youtubers were pushing masterworks.
Masterworks told me the min buy in was 15K, but for $99 fee I could get in. The concept was interesting and investing in culture sounds good. So besides the $99 fee and risk, it seems ok, but like stocks, profit over time or luck
The risk is pretty extreme and the last 15 years have been an extreme outlier in art valuations. We're likely looking at a major correction soon.
many years ago I put my hand up in an car auction on my own car which was listed and driven into the auction, It isnt allowed, but nobody checks, I was worried incase I was the only bidder and bought my own car!!!
Next time hire someone to do that haha
@@realchris I did, a guy approached me and said give me some money and i will raise my hand, I gave him money and he walked away !!
@@realchris did you see the james bond film Octopussy where James bond bids up the price of the Faberge egg in an auction to see who was the desperate buyer! ( the evil villain of the movie)even though James Bond had no money to buy it!!
I saw the movie, but it's been a really long time.
@@realchris Roger Moore came to my small town a few years ago to a do a Q and A in the town theatre(just before he died) Wished i went to it, I was a fan of his movies.
If anyone is shouting on top of their lungs what is a good investment, just don't. If there is something which is a good way of investing, no one is going to share it.
Let's not forget Hunter Biden's "art" pieces selling for more than certain Picasso originals!! 🎨😂 Totally legit and not shady at all!
It is money laundry business
Clean money and impress your friends :)
Do you remember when Trey Trades was pumping Masterworks? I wonder how much he got paid to pump it. Art is one of the best ways to launder money.
Oh I didn't know that. Was he doing a paid sponsorship on that? Like reading a 30 second ad in a middle of a video?
Unexpectedly great piece on the art world. Should be pointed out that this Trump incident was from 2013. If the whole point was to imply that Trump has a blinding ego, in over 50 years on this planet, every President I can remember has had a blinding ego, save possibly Ford (who never wanted to be President).
As a side research, would be a funny book to rank presidents in order of ego, hehe :)
Hey chris, can you draw me like one of your french girls?
(me gets beat up by your gf)
I only buy sealed magic the gathering.
Do you feel like they put out too many sets?
@@realchris way to much indeed. papa hasbro is milking mtg and DND. and new set magically cost more for less cards. I will buy hasbro stock if it drops further but will not be buying their product as much.
I'm looking forward to the D & D movie. I don't watch trailer (to be surprised) but I'm hoping they pull off a good one. Hasbro stock is an interesting one. There was a rumor wizards of the coast would be spun off, but who knows.
You're conflating many different ideas here. Scams exist in every aspect of our lives, but just because scams exist doesn't make the endeavour itself a scam. And just because something is supported by the law, doesn't make it any less of a scam, especially if you consider how laws come to fruition. It's much easier to value the physical world... but how do you value ideas or stuff created in the digital world? You're gonna confuse non critical thinkers with this post. Sure, there's no easy answer but you can define the questions. Also, fear of getting scammed will paralyze you into inaction, which is a mistake in itself... but I digress.
Saw the Trump painting at the dollar store