Masterworks Investor Presentation Deck
Index (1995= 1)
Art as the Alternative Real Asset
Contemporary Art has benefited from low real interest rate environments, yet outperforms other
tangible assets, including gold and US real estate over multi-year investment horizons, and is
well positioned for a "lower for longer" rate environment
Contemporary Art vs. Selected Real Assets
Contemporary Art Market (1) vs. Gold and US Housing: 1995-2020 YTD (2)
25.00
20.00
15.00
10.00
5.00
0.00
1995
2000
2005
- Post-War & Contemporary Art
MASTERWORKS
2010
2015
Gold -US Housing
2020
Contemporary Art vs. Real Interest Rates
Contemporary Art Market (1) vs. Treasury Inflation-Indexed Long-Term Average Yield: 2000-2020 YTD (²)
Contemporary Art Index (2000 = 1)
10.00
8.00
6.00
4.00
2.00
2000
2005
2010
-Post-War & Contemporary Art
Sources: Internal Masterworks analysis. FRED (St. Louis Federal Reserve).
Notes: There are significant differences between the asset classes presented. For additional information, see Important Disclosures.
1. Repeat-Sale Pair Index of Post-War and Contemporary Art (as defined by the applicable auction house) using Standard & Poor's CoreLogic Case-Shiller Home Price Indices Methodology.
Index performance measured through July 2020. Art market data updated as of July 30, 2020.
2.
2015
Real Interest Rates
8.00
6.00
4.00
2020
2.00
(2.00)
(4.00)
11
Real Interest Rates (%)View entire presentation