Masterworks

Invest in the world’s most valuable paintings.

1.0
1 review

5 followers

Masterworks.io is the first art investment platform that lets you to invest in iconic, multi-million dollar artwork. Adding art to your portfolio isn’t just for billionaires anymore. With Masterworks, you can now invest in this ultra-exclusive asset class.
Masterworks gallery image
Masterworks gallery image
Masterworks gallery image
Masterworks gallery image
Masterworks gallery image
Launch tags:ArtFintechInvesting
Launch Team
agent by Firecrawl
agent by Firecrawl
Gather structured data wherever it lives on the web
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What do you think? …

Richard McBeath
Hi everyone, great to be here and to bring you Masterworks.io! We launched Masterworks in September 2017 to democratize ownership of high-end artwork, an asset class that has consistently outperformed the S&P 500 (gross returns of around 12%) with very low volatility. However, investment-grade art typically costs more than $2 million per painting, which almost everyone cannot afford. For the first time ever, we're filing paintings with the SEC so we can sell shares in them, and then building-out a trading platform for investors to trade shares in these great works of art. Our first two offerings are an Andy Warhol "Marilyn" painting (we paid $1.815mm) and a Claude Monet paining (we paid $6.3mm). Would love to hear your thoughts and feedback!
Ian Greene
@rmcbeath Have you found that art dealing world is receptive to this sort of thing? Or are they against it?
Jacqueline von Tesmar
Hey @rmcbeath Can you tell us more about the app you've built and how it works? What was your inspiration for building it?
Annie Milton
@rmcbeath @jacqvon I had the same question :)
Richard McBeath
@jacqvon @ani_hakobyan Hey Annie, check out the below and let me know if you have any questions 😃
janniks
Love the idea! 💡 One questions: - Can I "cash out" any time that I want? Or just when the artwork is being sold again
Kailas Kumar
hey @rmcbeath, great product! Do you mind telling us about how many artists/artwork your company started off with when you launched compared to where the platform has come to today? Seems like a very interesting growth story :)
Roman Arellano
I like your website, but there is some jargon that i did not understand. What is Special Purpose Vehicle?
Richard McBeath
@romanarellano A Special Purpose Vehicle (SPV) is a legal entity created for a specific purpose. In the context of raising capital, an SPV (usually structured as a LLC) can be used as a funding structure, by which all investors are pooled together into a single entity.
Mary Mahling Carns
what I really <3 about the app is that you can do your own due diligence as they provide historical data that, if you used other sources, you have to pay for Masterworks
Daniel Ziv
Wow! Sounds like an amazing platform!! So I guess that the shares can only be traded within users of the plaform and it's kind of a leap of faith towards art ownership. But where are the physical painting stored? Are they tradable to 100% holders? I mean, is this the exit stategy for the end user?
Richard McBeath
@danielrziv Hey Daniel! Thanks for the message. In terms of trading, we're working on a number of solutions that will allow you to trade and liquidate your shares just like you would on the stock market. Remember, when comparing the ArtPrice 100 index to the S&P 500 since 2000, Art has outperformed the stock index by 250%! So, not so much a leap of faith ;) The paintings are currently stored in a secure, air-conditioned storage facility in Delaware, US - however we are looking to open a gallery in New York City in 2019 to display all the works. The way an investor can realize returns is either through the re-sale of the painting (for example, a private buyer may make an offer) or when trading launches, you can buy, sell and trade shares. I hope this helps!
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