Reality check – are people really ditching the stock market for “art investments”?

Photo above - Some painting by Claude Monet sold for $110 million this year. If you'd like to begin investing in art, maybe start with Emily Kraus, who is shown "reinventing painting" here. Emily's stuff probably goes for a bit less . . .

AI is gonna crash, and our 401Ks are all gonna die. Better pivot to the next big thing: collectable art. Stop laughing. That’s MSN’s clickbait of the day. (see link below. MSN warns their links are monetized – which means "ka-ching" when you click on any of them)

I’m ready to go all in. Claude Monet’s “Haystacks” went for $110 million at auction earlier this year. I might have paid that much for one his famous Water Lily paintings. But piles of hay? Come on!

Okay, nobody in the real world is going to cash out their 401K for a pictures of straw – or some garden pond. The hottest new artist (according to google) is Emily Kraus, who is apparently channeling Andy Warhol. Emily has had several shows. All her paintings were quickly snapped up. Prices not disclosed. That’s how galleries handle artists who are still churning out masterpieces. Emily's great grandkids will give an interview in 80 years about you could have bought an original in 2025 for the price of a Toyota Camry, it's now worth $110 million. Will a Camry hold it’s value better than a random painting, or does the car have additional utility when grocery shopping? AI companies are either going to crash or zoom higher the moon. If you can’t decide which of these is more likely, then perhaps unknown artists make you feel smarter?

Abstract paintings probably don’t have as much cachet as crypto currency, which MSN is also touting this morning, if you can’t tell good art from bad, that's pretty much the story with crypto too. There are 10,000 active crypto currencies out there, and several million “dead” ones. But when MSN says buy crypto, they're talking the Claude Money of crypto: Bitcoin at $100,000 per coin. If you don’t want that, then close your eyes and throw a dart at one of the other 10,000 options.

If you feel unknown art and half-cent crypto are insanely risky, MSN has a final recommendation: Real estate. Yes, the housing affordability crisis is real. And you can now become part of it. Buy up vacant properties, repaint them, and then rent them out. It's just that simple in MSN's world. Unless someone doesn't pay their rent, or starts a fire.

I’m just sayin’ . . .


https://www.msn.com/en-us/money/savingandinvesting/rich-young-americans-are-ditching-the-stock-market-here-are-the-alternative-assets-they-re-ban