ARTOPOLIE, New Kid on the Block takes on Wall Street
ARTOPOLIE is modernizing the way people can invest in Art by allowing the average person to buy a share in a Picasso, much like buying stocks. Each Art listed on ARTOPOLIE is essentially a mini public company, where users can buy equity interest (shares) in the art work. For the first time, anyone can invest in household names and diversify their investments with Art.
NEW YORK, Feb. 24, 2019 /PRNewswire-PRWeb/ -- Last year most of you felt pain being invested in the stock market. According to the Wall Street Journal, investors who put money in the S&P 500 at the beginning of 2018 have lost 5.1%, based on estimates of total return. Ouch. What many of you do not know is that during the same time frame, investors who put money into art at the beginning of the year saw an average gain of 10.6% by the end of November, according to Art Market Research's Art 100 Index, the closest thing the industry has to a benchmark. Not a bad year for those who were on the right side of the market. Being a part of the winners circle last year, art investing that is, carried a hefty price tag. Works by Picasso, Monet, Andy Warhol can go for millions of dollars.
ARTOPOLIE, the FIRST MOBILE ART INVESTMENT PLATFORM, came up with a way for everyone to join the circle, at a $50.00 price tag. ARTOPOLIE is modernizing the way people can invest in Art by allowing the average person to buy a share in a Picasso, much like buying stocks. Each Art listed on ARTOPOLIE is essentially a mini public company, where users can buy equity interest (shares) in the art work. For the first time, anyone can invest in household names and diversify their investments with Art.
"Art has been resilient on downturns and for centuries has been an attractive multi-billion dollar asset class thanks to its capital appreciation", says Co-Founder of ARTOPOLIE, Victor Costa. Victor Costa previously worked as a Trader for BNP Paribas and helped manage billions of the firm's capital. "We wanted to create a platform that would give everyone exposure to this massive market, and with ARTOPOLIE we are doing just that. We created an asset class that eliminates the financial limitations associated with the art market," says Victor Costa.
A report published by Deloitte estimated that 80% of art auction transactions are below €10,000, which shows the huge potential in the market for middle-class art investors. In 2017, the global art market reached $63.7 Billion according to the Art Market 2018 Report by Art Basel and UBS. ARTOPOLIE will redefine and expand the market by introducing fractional shares in world-renowned art, adding an abundance of new investors to a market they did not have financial access to.
SOURCE Artopolie
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