New York: 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.
Value gains
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.