Scott Lynn
๐ค SpeakerAppearances Over Time
Podcast Appearances
There's a couple of artists that I don't own that I want to add to my collection, but my focus is really narrow because I'm focused on building out a collection.
In Masterworks, we don't really have that focus, right?
We're just in the market to buy things that we think are great value and we'll appreciate well over time.
So we have 40 artists roughly that we're focusing on this year.
And that gives us the opportunity to really be
I guess value focused when we're buying and also just have a wider range of opportunities that we're looking at at any point in time.
Yeah, I mean, for masterworks, most of the art today is in storage.
We have a gallery in Soho that the people that our investors come into and they can actually see the works.
But the reality is over time, we want to lend out most of that work to institutions, museums, that people can go and see it publicly.
No, I mean, I think you covered it.
I mean, the only thing about the platform that we're excited about recently is we just launched secondary markets.
So people are now trading shares and paintings just like they trade shares and companies.
So that's also kind of a cool feature of the platform.
You can come in, you can buy, you can invest in a particular offering, and then we're seeing investors kind of trade out of those investments three to six months later.
Yeah, we're trying to.
I mean, the business is growing so fast now.
It's really, it's really interesting that we didn't in particular with Corona.
We, I mean, I can't figure, we talk about it a lot internally.
We can't figure out exactly if it's counter cyclical, but we've just had a huge influx of interest over the past six months really across the board.
So we, we can definitely see a world where, you know, it's pretty easy to 10 X where we are today.