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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?

So 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.

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

So it's really, that's a unique way of trying to understand what returns have been in the art market over the past several decades.

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

So those aren't offerings that we've currently done, but we've done, I think now we've done 14 to 15 different offerings between one and $10 million per painting.

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

We're launching about one offering every two weeks now.

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

So that's roughly the cadence of the platform.

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

Yep.

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

So like the last example of, um, an offering we did was three days ago.

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

It's an artist named Pierce who Lodge, he's probably the most important living painter in France.

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

He's actually, uh, I think 101, 102 years old.

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

Um, we launched the offering on Monday.

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

We sold it out on Tuesday.

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

to six or 700 people.

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

I think it was a $1 million offering.

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

Yes.

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

We report to investors what the historical appreciation rate has been on each of those paintings.

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

And we do that by looking at comparables.

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

So just like real estate, we look at comparable examples, but that artist over time and what they sold for.

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

And then we calculate a historical appreciation rate.

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

You know, I should know that exact number.

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

We, um, yeah, growing so fast now, I think, I think, um, you know, we're raising an excess of $6 million, $7 million a month in capital, um, growing by more than 30, 40% a month.