In partnership with
Managing file security during bulk uploads can be tricky, but Google just made it easier.
Someone just spent $236,000,000 on a painting. Here’s why it matters for your wallet.
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.’
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.
$1.3 billion invested across over 500 artworks.
28 sales to date.
Net annualized returns on sold works held 12 months+ like 14.6%, 17.6%, and 17.8%.
Shares can sell quickly, but my subscribers can skip the waitlist:
*Investing involves risk. Past performance is not indicative of future returns. See important Reg A disclosures at masterworks.com/cd.
What’s going on?
Image Credit: ChatGPT
Google has announced the general availability of bulk import functionality using client-side encryption with the Drive API. This update allows users to securely upload large sets of files while ensuring that sensitive data remains protected. With this feature, organizations can maintain control over their encryption keys, enhancing security and compliance. This update is crucial for businesses that handle sensitive information and want to streamline their file management processes.
Why You Should Care
This new capability means you can now upload multiple files securely without compromising on encryption. If you often work with confidential data, this feature allows you to manage bulk imports efficiently while safeguarding your information. You’ll no longer need to worry about the risks associated with transferring sensitive files, as you can ensure that they are encrypted before reaching the cloud.
Common Pitfalls
A common mistake is overlooking the importance of managing encryption keys. If you lose access to your keys, you may not be able to retrieve your data. Always ensure you have a secure backup of your keys to avoid potential data loss.
How to Do It?
Set Up Your Environment: Ensure you have access to the Google Drive API and the necessary permissions to manage files.
Generate Encryption Keys: Use a secure method to create your encryption keys. Store these keys safely, as they will be needed for both encryption and decryption.
Encrypt Your Files: Before uploading, encrypt your files using the keys you generated. This can be done with various encryption tools that support your file types.
Initiate Bulk Import: Use the Drive API to create a new folder or select an existing one for your uploads.
Upload Your Files: Send your encrypted files to Google Drive using the API. Make sure to specify that the files are encrypted during the upload process.
Verify Uploads: Once the upload is complete, check that the files are correctly listed in your Drive and that they remain encrypted.
Pro Tip
Consider implementing a key rotation policy to enhance security further. Regularly updating your encryption keys can help protect your data against unauthorized access.
Use strong, unique passwords for your encryption keys.
Regularly audit your file access permissions in Google Drive.
Familiarize yourself with the Google Drive API documentation to maximize your usage of these features.
Wrapping up!
As businesses move more sensitive data to the cloud, security can’t be treated as an afterthought anymore. Google’s new bulk import support with client-side encryption is a major step toward making large-scale file management both secure and efficient.
The biggest advantage? Your organization stays in control of the encryption keys, meaning your data remains protected even before it reaches the cloud.
If your workflow involves confidential documents, customer records, or compliance-heavy environments, this update is definitely worth exploring.