Is it a Bubble? GS Edition

View this email in your browser E-mail sponsored by Masterworks: Last week, you might have heard that Christie's Auction House cashed in on the NFT mania, setting a new record of $69.3 million for a digital artwork. The takeaway? Art investing has hit the mainstream. But if you're anything like us, putting your money in real, tangible art by blue-chip artists makes a lot more sense. For one thing, contemporary art prices have outperformed the S&P by 172% from 1995–2020 according to data from Masterworks. They are the first platform to let you invest in paintings by the likes of Basquiat, Kaws, and Haring. But what about returns? They've got that too: they recently sold their first painting, a Banksy work, for a 32% annualized return to investors. With results like that, it's no wonder there are over 25,000 people on the waitlist. Use this link to skip to the front today. *See important info Is it a Bubble? GS Edition   Last month, I reviewed Ray Dalio’ s take on whether or not we were in a full blown bubble. (Dalio’s take was closer to a bubble than 1 year ago, but still less of a bubble than 1999-2000). The latest hot take on bubbles comes to us via GS. While not as quantitative as… Read More The post Is it a Bubble? GS Edition appeared first on The Big Picture. Read on »   10 Thursday AM Reads My morning train WFH reads: • The Worst Type of Sell-Off Maybe this is a buying opportunity. Or maybe there is still time to sell. How you think about these things depends on your past experiences, your style of investing, your timeframe, and a whole host of other items. I think the risk I'm taking… Read More The post 10 Thursday AM Reads appeared first on The Big Picture. Read on »     Barry Ritholtz Barry L. Ritholtz is the founder and chief investment officer of Ritholtz Wealth Management. He was named one of the "15 Most Important Economic Journalists" in the United States, and has been called one of The 25 Most Dangerous People in Financial Media. Copyright © 2021 Ginormous Content LLC, All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: Ginormous Content LLC 24 W 40th New York, NY 10016 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.