Masterworks, the alternative investment platform that allows retail investors to buy shares of iconic artwork, just announced that it sold Albert Oehlen’s Doppelbild (2002) for $2,700,000.
The company posted the initial offering for this painting in January 2021 for $1,887,000 with a price of $20 per share. Investors in the initial offering that held their shares until the painting was sold realized a 33.8% internal rate of return (IRR), net of all costs and fees.
