Deeply reported features from the Masterworks Research Team, published weekly.
What the Sharpe ratio measures, how to read it, the Sortino and information ratios, and why illiquid assets like art need de-smoothed, selection-corrected numbers.
What the Treasury yield curve is, why it inverts, its record as a recession signal, and how a long-horizon allocator reads the signal without timing illiquid assets.
The wealth effect is the tendency to spend more as asset values rise. How housing and stocks differ, how it moves the economy, and what it means for art.
Harry Browne's Permanent Portfolio holds 25% each in stocks, long bonds, gold, and cash, one asset for each economic regime. The logic, the record, the critiques.
The most expensive painting ever sold is da Vinci's Salvator Mundi at $450.3M. Our 2026 ranked list of top private and public sales, with what each signals.
Beeple sold for $69.3M and Pak's The Merge for $91.8M. We trace the record NFT sales, the 90%-plus collapse that followed, and what it teaches investors.
The great wealth transfer will move tens of trillions to heirs through 2045 to 2048. Here is the scale, who inherits, and what it means for allocation.
Why the classic 60/40 stock and bond portfolio broke in 2022, whether it is really dead, and the third bucket of real assets and alternatives that may replace it.
How tax-loss harvesting works in US taxable accounts: offsetting gains, the wash-sale rule, direct indexing, limits, and how art's 28% rate fits in.
The tax-efficiency toolkit for US high earners: asset location, account choice, long-term gains, loss harvesting, munis, charitable giving, and where art fits.
How Surrealism went from a 1920s avant-garde to the strongest segment of the high-end art market, and what drives its prices for investors.
How street art went from illegal subway tags to blue-chip auctions. We trace Haring, Basquiat, Banksy, and KAWS, the records, and what the market means for investors.