What would the late painter Francis Bacon make of it all? A portrait of his lover is about to make its stock-market debut, giving the average Joe access to the rarefied world of serious art collecting.
[One] innovation called aShareX will soon allow investors to club together and attempt to outbid wealthy individual collectors in auctions of high-value paintings. Masterworks, probably the best known business of this type, has offered fractionalized art worth more than $700 million to its investors since the New-York based company was launched in 2017.
Read the full article: An IPO for a Painting? This $55 Million Masterpiece Is Going Public
