The (Uncertain) Payoff from Alternative Investments: Many a slip between the cup and the lip?
Musings on Markets
JUNE 17, 2025
The second is art , ranging from paintings from the masters to digital art (non-fungible tokens or NFTs), that presumably offers owners not just financial returns but emotional dividends. In theory, these appraisers are supposed to mark-to-market, but in practice, the pricing that they attach to private assets lag market changes.
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