Why is the Market Price shown on my Account Statement different from the Estimated NAV Per Share shown in My Portfolio?

Market Price: Most recent trade value executed 3 business days prior to month end on the secondary trading market. Since trading market activity is based on the supply and demand for shares, the market prices may be a premium or a discount to the Estimated Net Asset Value of the investment. The Estimated Net Asset Value is similar to the “Book Value” of the investment.

Estimate Net Asset Value per Share: Value based on the most recent Fair Market Value appraisal for the painting.  See How Are My Investments Valued?

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