Masterworks - ETF menui?

Visa kita, kas susiję su investavimu (akcijos, obligacijos, ETF fondai, kriptovaliutos).
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Faewraek
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Masterworks - ETF menui?

Standartinė Faewraek » Ket Kov 17, 2022 2:28 pm

Iškart disclaimer, kad niekaip nesu susijęs ir nieko iš to negaunu.

Vis girdžiu iš youtuberių reklamuojant tokį dalyką: https://www.masterworks.io/. Panašu kaip kažkoks ETF, kur žmonės sumeta pinigus ir tada perkamas artwork. Užkūriau temą, nes įdomu ką manot :)

Asmeniškai niekada nelįsčiau į tokį dalyką, nes artwork vertė labai shady ir subjektyvi, todėl neatrodo tokia saugi investicija. Spekuliacijai gal ir įdomu, bet irgi klausimas kiek sužaisti gali tame. Nebent esi "tam tikruose ratuose":)

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Mustachian
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Standartinė Citi » Pen Kov 18, 2022 6:04 am

Įdomi mintis ir įdomi turto klasė. Tarp juos reklamuojančių asmenų tikrai yra respektabilių vardų.
Todėl kažkada mečiau akį į šį projektą, ir pamačius kokie aukšti mokesčiai taikomi jo vartotojams - dingo bet koks susidomėjimas.

Tai tikrai nėra ETF :)

Buvo "Animal Spirit Podcast" bent du epizodai apie juos, jei smalsu detaliau susipažinti.

laurizas
Užkietėjęs Mustachian
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Standartinė laurizas » Pen Kov 18, 2022 10:15 am

Niekas labiau neužkabina akies, kaip market beating performance. Jei tikėtumėm pateiktais duomenimis, tai nuo 1995 m. SP500 aplenktas net 3 kartus.
Masterworks.PNG
Masterworks.PNG (22.76 KiB) Peržiūrėta 689 karus(ų)
Bet, kaip dažniausiai būna, velnias slypi detalėse, nes Data = Marketing:

The problem with charts like these is that is that they suffer from selection bias and academic research confirms that the long term returns are less than half of what Masterworks and others are suggesting. Only the pieces of art that get sold are included in the performance figures. This is very different than looking at a performance chart of the S&P 500 because you have fungible shares trading every day, which can be aggregated to up to an index level. What happens to art that is purchased but then isn’t sold because its value dropped? What if the reserve price isn’t met at the auction? What if the art owner never even bothers to bring it to auction because their art expert consultant said that it wouldn’t fetch enough at auction to make it worth the fees? What if a piece of artwork is sold privately? Not every piece of art appreciates. In fact, the data show that the best returns come from just 2% of artists that have the most resale volume. If you’ve ever been to an art museum, you’ll surely be familiar with the names that do well.
https://wantfi.com/masterworks-review.h ... t-worth-it

Going through the small print, you can find that the chart for “Contemporary Art” is based on an index created by Masterworks, including a selected group of around 40 “Blue Chip” contemporary artists. This index is not investable. As per the footnote, Masterworks does not offer securities that directly correlate to Contemporary Art. The data comes from Masterworks. The index is defined as “Contemporary Art” and “Blue Chip” which are specific to Masterworks. At least it’s based on public data from auction houses. They use the Repeat Sales methodology (a regression model): using pieces that sell at least twice. It is common in the art world, but it has a drawback: selection bias. Auction houses have a reserve price. If it is not reached, the piece will not sell. Therefore, it will not appear in the data. In other words, the data only includes the items that perform the best.
https://etfstream.com/features/why-are- ... erforming/

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