Scott Lynn
๐ค SpeakerAppearances Over Time
Podcast Appearances
Um, so it's, you know, the, the, the cadence is pretty high, um,
We're launching another offering on Monday by an artist named Kusama.
So, you know, it's basically one offering every two weeks between $1 and $10 million a painting.
I think it's 13 or 14.
I'm not sure on that exactly.
So we did, you know, this was a really unique financial product.
So all of our offerings are filed with the SEC.
They're technically public offerings.
So we filed our first offering with the SEC maybe a year and a half, two years ago.
Took us nearly nearly a year and a half to get that through the SEC just because they'd really never seen a product like this.
So there's lots of commenting on the offering.
But after we got the first one through, the cadence has been much faster.
You know, I first started thinking about the idea kind of in, I guess, when blockchain was really, really hyped up.
Yeah, not a crypto guy, but I do like the idea of securitizing different asset classes.
To me, I think the thing that's so interesting about art is you have this massive asset class, but up until Masterworks, there's literally, there hasn't been any way to invest in it.
So the only way you could allocate to it is to go out and buy a $1 to $10 million painting, which some people do, but obviously that's not really accessible to most people.
So the concept of Masterworks was just taking this asset class, which historically has outperformed, and making it accessible to everyone.
So this is my, uh, I think ninth or 10th company now.
So I've started out in online advertising, um, went into FinTech and this is the, uh,
the latest business.