Late last year, a Klimt sold for the highest price ever paid for modern art at auction.

An outlier sure, but it wasn't a fluke. U.S. auction sales grew 23.1% in 2025. The $1-5mm segment even grew 40.8% YoY.

Meanwhile, Apollo’s chief economist Torsten Slok said to expect ‘zero in return in the S&P 500 over the coming decade.’

So, that's where it gets interesting.

Each environment is unique, but after dot-com, post war and contemporary art grew about 24% annually for a decade. After 2008, about 11% for 12 years.

It’s also had near-zero correlation with the S&P 500 since ‘95.*

Now, Masterworks lets you invest in shares of artworks featuring legends like Banksy, Basquiat, and Picasso.

Shares can sell quickly, but my subscribers can skip the waitlist:

Skip the waitlist

^{*Investing involves risk. Past performance is not indicative of future returns. See important Reg A disclosures at masterworks.com/cd.}

African countries have been urged to adopt cooperative housing models as part of broader efforts to tackle the continent’s growing housing deficit and improve access to affordable homes for low- and middle-income earners. The call was made by Nigeria’s Minister of Housing and Urban Development during discussions on sustainable housing solutions across Africa. The minister emphasised that cooperative housing frameworks could provide a practical pathway for reducing housing shortages while strengthening community participation and housing affordability.

The United Nations Human Settlements Programme (UN-Habitat) has warned that up to 3.4 billion people globally now lack access to secure, safe, and adequate housing, highlighting what it described as an escalating global housing crisis requiring urgent policy intervention and investment. The warning was issued ahead of the 13th session of the World Urban Forum (WUF13) in Baku, Azerbaijan, where global leaders, urban planners, policymakers, and development institutions gathered to discuss housing affordability, urban resilience, and sustainable city development.

The Federal Government has commended the Edo State Geographic Information Service (EdoGIS) for its progress in land titling, digital land administration, and property documentation reforms, describing the agency as a model for modern land governance in Nigeria. The commendation was delivered during a courtesy visit to EdoGIS in Benin City by a federal delegation led by Alabi Collins, Director and Head of the Department of Lands and Housing Development. The visit formed part of a nationwide sensitisation programme being implemented in partnership with the World Bank to modernise land administration systems across Nigeria.

The Olubadan of Ibadanland, Oba Rasidi Ladoja, has halted the planned demolition of about 200 houses located at Isokan Estate Extension in the Elebu area of Ibadan, following rising tensions linked to a land ownership dispute. The intervention came after affected residents and landlords appealed to the traditional ruler over ongoing demolition threats tied to a court judgment reportedly obtained by a claimant seeking repossession of the disputed land

Residents of Umuoma community in Umuoji, Idemili North Local Government Area of Anambra State, were thrown into panic after a two-storey building under construction partially collapsed, raising fresh concerns over construction safety and regulatory compliance in Nigeria’s building sector. The incident occurred on Monday evening when the structure, reportedly intended for hotel use, began caving in after loud cracking sounds were heard from the upper section of the building. More than 20 construction workers at the site reportedly escaped moments before the collapse.