*”Net Returns” refers to the annualized rate of return net of all fees and costs, calculated from the closing date to the sale date. IRR may not be indicative of paintings not yet sold, past performance is not indicative of future results.
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Michael Batnick is a managing partner at Ritholtz Wealth Management. He is the co-host of Animal Spirits, What Are Your Thoughts, and The Compound and Friends. For disclosure information please see here.