The Ledger
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Lynn: Majority of created art has outperformed the S&P 500
“At least for the majority of art created, it's outperformed the S&P.”
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.”
The global art asset class is worth $1.7 trillion
“The total size of the asset class is 1.7 trillion dollars.”
Lynn: 2019 Citi study proved art is uncorrelated with markets
“We did a research study with Citibank in, in, in 19 that concluded that it was also uncorrelated.”
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.”
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.”
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.”
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 built a top 100 US art collection starting at 19
“So I started collecting art when I was 19 really with my very first company and have built now an important collection in the U S probably a top hundred collection by artists like Pollock, Rothko, Klein, De Kooning sort of well-known names”
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.”
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.”
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.”
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…”
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.”
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.”
Lynn: Masterworks has over 10,000 active investors
“You know, I think our active investors now are somewhere above 10,000, but not.”
Lynn: Fine art accounts for $68 billion in annual sales
“The art world, even though it's sixty eight billion dollars a year sells in art, it's really a small community of several thousand people who are ultra wealthy.”