Masterworks

14 statements across 1 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement Jun 17, 2020 by Scott Lynn · said 20 times in 1 episodes since 2020 · across every show →

Mentions by year

brought up most by Nathan Latka (14), Scott Lynn (6)

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2020 20 mentions in 1 episode

Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns? Jun 17, 2020 · 20 mentions · from 1:45
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Everything said about Masterworks, oldest first

Jun 17, 2020

Disclosure

Masterworks sold out a $1M Pierre Soulages offering in one day

“We launched the offering on Monday. We sold it out on Tuesday. To six or 700 people. I think it was a one million dollar offering.”

Scott Lynn Jun 17, 2020 ▶ 5:40 Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Jun 17, 2020 positive

Disclosure

Masterworks launched a secondary market to trade fractional art shares

“We just launched secondary markets. So people are now trading shares and paintings just like they trade shares in companies.”

Scott Lynn Jun 17, 2020 ▶ 17:45 Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Jun 17, 2020

Disclosure

Masterworks keeps most art in storage, displaying some in SoHo

“Yeah, I mean, for Masterworks, most of the art today is in storage. We have a gallery in Soho that that people, you know, that our investors come into, and they can actually see the works.”

Scott Lynn Jun 17, 2020 ▶ 17:21 Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Jun 17, 2020

Disclosure

Masterworks avoids self-serve, speaking to 100% of its investors directly

“So we speak to a hundred percent of investors that, that are on the platform. We don't really believe in the, in a self-serve model in part just because people don't really understand the asset class.”

Scott Lynn Jun 17, 2020 ▶ 11:05 Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Jun 17, 2020

Disclosure

Lynn: Masterworks has completed 14 to 15 offerings, launching bi-weekly

“We've done, I think now we've done 14 to 15 different offerings between one and ten million dollars per painting. We're launching about one offering every two weeks now.”

Scott Lynn Jun 17, 2020 ▶ 5:01 Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Jun 17, 2020 neutral

Disclosure

Lynn: Masterworks charges a 1.5% management fee and 20% carry on sales

“So we make money very similar to how a hedge fund makes money, which is on a one and a half percent per year management fee plus 20% of the profit when a painting sells.”

Scott Lynn Jun 17, 2020 ▶ 9:03 Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Jun 17, 2020 bullish

Assertion Contradicted

Lynn: Masterworks is first to fractionalize fine art ownership

“So we, so we're really the first company to fractalize ownership in great works of art.”

Scott Lynn Jun 17, 2020 ▶ 2:32 Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Jun 17, 2020

Assertion Not checkable as stated

Lynn: Masterworks has over 10,000 active investors

“You know, I think our active investors now are somewhere above 10,000, but not.”

Scott Lynn Jun 17, 2020 ▶ 11:47 Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Jun 17, 2020

Disclosure

Masterworks uses 25 interns to track 80,000 auction paintings

“We have a research team of 25 interns that have went out and collected over 80,000 paintings that have been bought and sold at public auction. And then what the returns have been on those particular artworks for collectors.”

Scott Lynn Jun 17, 2020 ▶ 4:43 Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Jun 17, 2020 bullish

Assertion Not checkable as stated

Lynn: Masterworks raises over $6M–$7M monthly, growing 30%–40% month-over-month

“We're raising an excess of six million dollars, seven million dollars a month in capital growing by more than 30, 40% a month.”

Scott Lynn Jun 17, 2020 ▶ 6:29 Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Jun 17, 2020

Opinion

Art prices are mostly correlated with global ultra-wealth creation

“I mean, we think that our prices are Probably mostly correlated to global ultra wealth creation.”

Scott Lynn Jun 17, 2020 ▶ 3:47 Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Jun 17, 2020 positive

Assertion Not checkable as stated

Lynn: Blue-chip artists historically return between 8% and 30% annually

“These are three to seven year holds. But when you look at the performance of some of these artists overall, you know, we tend to see returns anywhere between eight percent a year and 30% a year.”

Scott Lynn Jun 17, 2020 ▶ 9:40 Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Jun 17, 2020 neutral

Assertion Partly supported

Masterworks' first SEC-registered art offering took 1.5 years to clear

“All of our offerings are filed with the SEC. They're technically public offerings. So we filed our first offering with the SEC maybe a year and a half, two years ago. Took us nearly, nearly a year and a half to get that through the SEC just because they'd real…”

Scott Lynn Jun 17, 2020 ▶ 7:02 Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Jun 17, 2020 neutral

Assertion Partly supported

Lynn: Masterworks has over $30M under management

“I mean, I think at this point we're over thirty million maybe more than that under management.”

Scott Lynn Jun 17, 2020 ▶ 10:09 Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Masterworks

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