Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Scott Lynn

๐Ÿ‘ค Speaker
163 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

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.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So it's, you know, the cadence is pretty high.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

We're launching another offering on Monday by an artist named Kusama.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So, you know, it's basically one offering every two weeks between one and ten million dollars a painting.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Yeah, you can give us money and we can give you interest in a specific painting.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Interesting.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So we so we're really the first company to fractionalize ownership in great works of art.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

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.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

If you look at the performance of that asset class...

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

At least for the majority of ARK created, it's outperformed the S&P.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

And we did a research study with Citibank in 2019 that concluded that it was also uncorrelated.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So when you think about the definition of a strategic asset class, it's something that beats inflation and is uncorrelated.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

And ARK clearly meets both of those criteria.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So we believe it has a role in every portfolio.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

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

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

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.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So it really tends to follow how that segment of the population behaves.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

So, you know, I do think some of the current policies could push up our prices theoretically.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

It's one of the reasons why we see a lot of our investors like moving into gold recently as well.

SaaS Interviews with CEOs, Startups, Founders
Masterworks: SaaS Wealth Going Into Picasso Paintings, 20x Returns?

Yeah, so you're actually looking at what we call a price database.

โ† Previous Page 1 of 9 Next โ†’