Scott Lynn
๐ค SpeakerAppearances Over Time
Podcast Appearances
But I guess this is my long-winded way of saying throughout this whole period, I've actually been collecting art.
So I started collecting art when I was 19, really with my very first company.
and have built now an important collection in the U.S., probably a top 100 collection by artists like Pollock, Rothko, Klein, de Kooning, sort of well-known names, and really appreciated just the financial aspects of the asset class, but have also appreciated that the art world, even though $68 billion a year sells in art, it's really a small community of several thousand people who are ultra-wealthy, and there's not a good way for most people to access the asset class.
Yeah, I get that question all the time.
I mean, the truth is, you know, I had a mom who was an amateur artist.
Okay.
Books, you know, yeah.
I was 19.
And at that time, the art market wasn't, you know, it wasn't really as financially oriented as it is today.
I mean, there were 97, 98.
Yeah, I mean, there weren't even online price databases, right?
So you couldn't even search auction records for what things were selling for.
So it really was much more of like a connoisseur collector market.
But it's quickly evolved into an asset class that a lot of people are pretty serious about.
Yeah, yeah.
I don't know about commissions, but like the other day, you know, it was just announced.
So it was quoted in an article in, I think, the New York Post about Ken Griffin buying a painting from Peter Brand for $110 million.
during this whole economic cycle.
So there's definitely a lot of money in the art world that chases really good objects pretty frequently.
The great thing about Masterworks is we don't really... So if you think about an average collector, even on me as a personal collector, I collect mid-century abstract expressionism.