Million dollar artworks, sold in $20 lots
Masterworks is a like investing in a fine art work fund, but for individual artworks. I can see the appeal to some. From CNN:
Masterworks is one of a handful of new investment platforms hoping to widen access to the elite world of art collecting. The firm will purchase paintings at auction before transferring ownership to shareholders. It then takes a management fee — covering costs like storage, transportation and insurance — as well as a percentage of any profit made when the artworks are sold.
Fees are a roughly flat 10% management fee for the first 5 years, plus 20% carry. So basically a 2 and 20 model.