Scott Lynn
๐ค SpeakerAppearances Over Time
Podcast Appearances
You know, we're raising in excess of six million dollars, seven million dollars a month in capital, growing by more than 30, 40 percent a month.
So it's, you know, the cadence is pretty high.
We're launching another offering on Monday by an artist named Kusama.
So, you know, it's basically one offering every two weeks between one and ten million dollars a painting.
Yeah, you can give us money and we can give you interest in a specific painting.
Interesting.
So we so we're really the first company to fractionalize ownership in great works of art.
Yeah, so I think the really interesting thing about art is if you think about a very high level, the total size of the asset class is $1.7 trillion.
If you look at the performance of that asset class...
At least for the majority of ARK created, it's outperformed the S&P.
And we did a research study with Citibank in 2019 that concluded that it was also uncorrelated.
So when you think about the definition of a strategic asset class, it's something that beats inflation and is uncorrelated.
And ARK clearly meets both of those criteria.
So we believe it has a role in every portfolio.
I mean, we think that our prices are probably mostly correlated to global ultra wealth creation.
So when you look at these paintings that are over a million dollars or $10 million for that matter, they're collected by ultra wealthy people living around the world, not really in any specific country.
So it really tends to follow how that segment of the population behaves.
So, you know, I do think some of the current policies could push up our prices theoretically.
It's one of the reasons why we see a lot of our investors like moving into gold recently as well.
Yeah, so you're actually looking at what we call a price database.