The company says it launches about one new painting every four to five days. However, Masterworks does not charge transaction fees. Masterworks makes money by selling fractional shares in investment art to investors, charging a commission on eventual sales, and charging storage and insurance fees. Longer time horizons than other fintech options. That said, every piece of art listed on Masterworks is blue-chip (think Picasso, Warhol, and Banksy). These items help us understand how this website performs, how visitors interact with the site, and whether there may be technical issues. And in 2018, art delivered a return of 10.6% as opposed to S&Ps -5.1%, -4% for real estate investment trusts (REITs), and -1% for gold. For more information, please read our editorial policy and find out how we make money. The data was really good, but he was a name that frankly none of our investors had ever heard of. Note that the Masterworks secondary market is only open to U.S. citizens who have a bank account with a U.S.-based bank. Today is no exception. Masterworks holds works of art for three to ten years, until they find a good opportunity to sell them to collectors on the contemporary art market. How do I obtain fine art insurance to protect my collection? And there are cases like Koons, where he has a large market, but the performance is very varied within that. And while buying and selling NFTs gives you freedom and flexibility, the Masterworks team takes care of showing your art and finding a buyermeaning theres less responsibility on you. For the past 15 years, contemporary art sold at auction houses has appreciated in value at a rate faster than the S&P 500. The estimated Net Worth of Scott J Lynn is at least $4.93 Million dollars as of 15 March 2023. Theres not much Masterworks can do about this pain point. SL: Right now, 100 percent of the art we buy comes from auctions. The Company also owns two adjacent ancillary hotels and a small number of attractions managed by Marriott International for a combined total of 10,110 rooms and more than 2.7 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. Privacy is important to us, so you have the option of disabling certain types of storage that may not be necessary for the basic functioning of the website. Scott Lynn: We were the first company to buy a painting, file with the SEC and sell shares in the painting. Our investors are U.S., but when we go to sell the painting, it goes back to a global market.