A would-be Robinhood for art investment is flogging shares in masterpieces by Warhol and Kusama for as little as $20. This year, well buy upwards of a billion dollars in art, so were clearly the largest player at this point. Fine art isnt stuffy anymorebut its still lucrative. Enter Masterworks: a unique way to invest in art without having to spend millions of dollars on original art masterpieces. With Hirst, people have lost money 57.1 percent of the time. Scott Lynn is 46, he's been the Executive Vice President, General Counsel, and Secretary of Ryman Hospitality Properties Inc since 2018. SL: It depends on the painting but the minimum range is between $1,000 and $10,000, so starting at 50 shares. Then we have blue chip paintings, created by artists like Warhol, Basquiat and other well-known household names, that we define as having low or reduced risks and produce high single-digit or low double-digit returns. Its easy to understand and get excited about. The corporates main mission is to democratize entry to the profitable world of blue-chip artwork, which has historically been reserved for ultra-high-net-worth people and elite collectors. The company says it launches about one new painting every four to five days. In 2021 Masterworks raised $110 million in Series A funding, led by Left Lane Capital and including funding from Tru Arrow Partners, cofounded by MoMA board member How do we take this asset class, which is historically uncorrelated and outperforming, and make it accessible to almost anyone? says Lynn. MoneyMade is not a fiduciary by virtue of any persons use of or access to the Site or Content. SL: Six. Select independently determines what we cover and recommend. In a lot of ways with art its easier to understand than investing in a public equity. Wed rather give them to museums or institutions. Theres a lot of demand across the board to invest in art. That was a financial product we pioneered, and its the same structure were using today, offering individual painting vehicles where people are picking and choosing the specific artwork to invest in. Want to Invest in a Banksy Painting? Masterworks Makes It Easy Once your phone interview is complete, you should receive a sign up link shortly thereafter. Once an investor's account is enabled, they can pick and choose individual paintings to invest in, however, that may take some time as the company is currently operating on a waitlist. Perhaps most similar to Masterworks is buying and selling NFTs on primary and secondary marketplaces. The Company's core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space. Theres already established longevity and a secondary market. Scott Lynn - Founder & CEO @ Masterworks - CrunchBase
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