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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?

But I guess this is my long-winded way of saying throughout this whole period, I've actually been collecting art.

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

So I started collecting art when I was 19, really with my very first company.

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

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.

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

Yeah, I get that question all the time.

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

I mean, the truth is, you know, I had a mom who was an amateur artist.

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

Okay.

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

Books, you know, yeah.

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

I was 19.

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

And at that time, the art market wasn't, you know, it wasn't really as financially oriented as it is today.

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

I mean, there were 97, 98.

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

Yeah, I mean, there weren't even online price databases, right?

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

So you couldn't even search auction records for what things were selling for.

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

So it really was much more of like a connoisseur collector market.

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

But it's quickly evolved into an asset class that a lot of people are pretty serious about.

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

Yeah, yeah.

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

I don't know about commissions, but like the other day, you know, it was just announced.

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

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.

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

during this whole economic cycle.

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

So there's definitely a lot of money in the art world that chases really good objects pretty frequently.

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

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.