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To: Johnny Canuck who wrote (59190)	5/10/2024 2:17:50 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69126

If they are talkiing a lot about art the economy is typically nearer a top than a bottom. >>>>>>>>[[ Advertisement Jeff Bezos' Most Prized Possession Breaks Historical Auction Records At Almost $53 Million kaitywolf@benzinga.com Fri, May 10, 2024, 7:00 AM PDT3 min read 60 In this article: AMZN-0.75% ^GSPC+0.13% Jeff Bezos' Most Prized Possession Breaks Historical Auction Records At Almost $53 Million Jeff Bezos amassed his wealth through Amazon stocks and owns hundreds of millions of dollars worth of real estate, but one of his most valuable possessions may surprise you: art. Among his collection is the renowned piece "Hurting the Word Radio #2 (1964)" by Ed Ruscha, purchased by Bezos for almost $53 million. This artwork, a prime example of Ruscha’s text-based paintings, stands as a signature piece in Bezos’ collection. As concerns over stock market volatility persist, the world’s wealthiest individuals, including not only Bezos but media mogul Oprah Winfrey and acclaimed actor Leonardo DiCaprio, are increasingly turning to art as a strategic investment avenue. Art investment, often viewed as exclusive to the ultrawealthy, offers a unique combination of cultural prestige and financial resilience. It has demonstrated remarkable stability, serving as a hedge against economic downturns, inflation, and currency devaluation. For billionaires like Bezos, art represents not just diversification, but a sophisticated approach to wealth preservation and capital growth. ADVERTISEMENT Advertisement Don't Miss: With returns soaring as high as 300%, it’s no surprise that this asset has become the top investment pick for numerous billionaires. Discover the hidden secret behind its success. What Makes Art Appealing to Billionaire Investors?Art investment holds a strong appeal for billionaires due to several critical factors: Wealth Preservation: Art, as demonstrated by the works of iconic artists such as Pablo Picasso and Jean-Michel Basquiat, embodies enduring value, providing a dependable means of safeguarding wealth across generations. Diversification: Unlike conventional financial assets, art frequently operates independently of stock markets. This independence offers stability during times of market turbulence, making art an attractive component of diversified investment portfolios. Privacy: The discretion of the art market enables investors to execute transactions without the public disclosure requirements associated with securities trading. This confidentiality adds an extra layer of privacy to their financial activities, appealing to those who value discretion in their investment strategies. Can Individual Investors See The Same Returns As The Ultra-Wealthy?According to the UBS Billionaires Report 2022, 30% of billionaires possess art collections averaging $300 million in value. Despite these impressive figures, many wonder why more people don’t invest in art. ADVERTISEMENT Advertisement The reality is that most individuals lack the financial means to invest in art on such a scale. However, platforms like Masterworks are changing that. Masterworks, an award-winning platform, facilitates investment in multimillion-dollar paintings by renowned artists like Banksy and Picasso. This accessibility is significant because contemporary art has consistently outpaced real estate, gold, and even the S&P 500 over the last 27 years. With Masterworks, investors can start diversifying their portfolios into art, following the footsteps of icons like Jay-Z, Oprah, the Royal Family, and Jeff Bezos himself. Story continues View comments (60) &soc_src=social-sh&soc_trk=fb&tsrc=fb] &url=[state.currentArticleUrl]&soc_src=social-sh&soc_trk=tw&tsrc=twtr] &body=[state.currentArticleUrl]&soc_src=social-sh&soc_trk=ma] Advertisement RECOMMENDED STORIES Motley Fool Warren Buffett's Latest $2.6 Billion Buy Brings His Total Investment in This Stock to More Than $77 Billion in Under 6 Years Bloomberg McDonald’s Will Offer a $5 Meal Deal to Lure Customers Back Into Stores The Telegraph Trump ‘offered to block electric car rollout’ as he asked oil bosses for $1bn Motley Fool Here's the Income and Net Worth You Need to Reach the Top 50% of American Households Yahoo Finance Novavax stock doubles after Sanofi deal marks 'new chapter' for company MarketWatch The feds may crack down on credit-card rewards programs. Here’s what that means for your points and miles. 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