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Ferraris for the people: Luxury goods sold in fractions


Ferraris for the people: Luxury goods sold in fractions
Fractional ownership platforms offer a way for people to invest their savings by purchasing part of an expensive item for just a few dollars
By Thomas Urbain / AFP, NEW YORK
Anyone can easily own a Basquiat painting, a pair of Yeezy sneakers or even a Ferrari at least, that is the promise of a growing number of fractional ownership platforms that sell shares of these rare items, starting at just a few US dollars.
One platform, Masterworks, in spring last year turned the US$6 million painting
The Mosque by Jean-Michel Basquiat into 284,420 shares at US$20 each. ....

New York , United States , John Schuck , Gerome Sapp , Ezra Levine , Kanye West , Jean Michel Basquiat , Thomas Urbain , Exchange Commission , Ferrari Roma , Nike Air Yeezy , Gregg Love , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , ஜான் ஸ்சுக்க் , எஸ்ரா லெவின் , கனியே மேற்கு , ஜீன் மைக்கேல் பசகுனியட் , தாமஸ் உற்பைய்ன் , பரிமாற்றம் தரகு , ஃபெராரி ரோமா , நைக் அேக யீஜி ,

Ferraris for the people: luxury goods can now be sold in fractions


Anyone can easily own a Basquiat painting, a pair of Yeezy sneakers or even a Ferrari – at least, that s the promise of a growing number of fractional ownership platforms that sell shares of these rare items, starting at just a few dollars.
One platform, Masterworks, in spring 2020 turned the $6 million painting
The Mosque by Jean-Michel Basquiat into 284,420 shares at $20 each.
With fractional ownership, there s no chance of hanging the painting in a buyer s home, parking a Lamborghini in their garage or storing six bottles of Romanee-Conti wine in their cellar.
But by owning at least a piece of the property – at least on paper, like the shares of a publicly listed company – anyone can now directly benefit from an increase in the item s value, just like a wealthy collector. ....

New York , United States , Michael Jordan , Gerome Sapp , Ezra Levine , Henri Matisse , Kanye West , Justin Tallis , John Schuck , Jean Michel Basquiat , Nike Air Yeezy , Getty Images North , Gregg Love , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , மைக்கேல் ஜோர்டான் , எஸ்ரா லெவின் , ஹென்றி ம்யாடிஸ் , கனியே மேற்கு , ஜான் ஸ்சுக்க் , ஜீன் மைக்கேல் பசகுனியட் , நைக் அேக யீஜி , கெட்டி படங்கள் வடக்கு ,