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⭐️Website ⭕️ https://masterworks.art/cryptonews
CRYPTO NEWS - Latest Bitcoin News, Ethereum News, Ripple News, Masterworks News
Masterworks is an art investing platform that allows investors to invest in blue-chip artwork through fractional investing. Art collectors are usually wealthy individuals that have substantial amounts of money to invest in famous paintings.
The Masterworks platform to this exclusive art world to almost anyone who wants to get into investing in works of art. Masterworks makes this possible by allowing you to buy shares of art pieces.
The company was founded in 2017, so it hasn’t been around for that long. Based out of New York City, the fine art investment platform makes it possible to invest in works from artists like Kaws, Basquiat, and Banksy.
Scott Lynn is the founder of the privately held startup. The first acquisition the company made was of Andy Warhol’s 1979 Colored Marilyn (Reversal Series). Masterworks purchased the piece for $1.82 million.
Masterworks holds works of art for 3 to 10 years. It has purchased and sold shares on over 40 art pieces since launching.
How does Masterworks work?
Masterworks reviews hundreds of art each year to determine which pieces to add to its platform. The Masterworks team has over 75 years of experience working as collectors, dealers, or in auction houses.
It also uses an algorithm that looks at the historical data of over 1 million art auctions. It selects artists that have a proven track record of their works appreciating at a price.
CRYPTO NEWS - Latest Bitcoin News, Ethereum News, Ripple News, Masterworks News
Masterworks is an art investing platform that allows investors to invest in blue-chip artwork through fractional investing. Art collectors are usually wealthy individuals that have substantial amounts of money to invest in famous paintings.
The Masterworks platform to this exclusive art world to almost anyone who wants to get into investing in works of art. Masterworks makes this possible by allowing you to buy shares of art pieces.
The company was founded in 2017, so it hasn’t been around for that long. Based out of New York City, the fine art investment platform makes it possible to invest in works from artists like Kaws, Basquiat, and Banksy.
Scott Lynn is the founder of the privately held startup. The first acquisition the company made was of Andy Warhol’s 1979 Colored Marilyn (Reversal Series). Masterworks purchased the piece for $1.82 million.
Masterworks holds works of art for 3 to 10 years. It has purchased and sold shares on over 40 art pieces since launching.
How does Masterworks work?
Masterworks reviews hundreds of art each year to determine which pieces to add to its platform. The Masterworks team has over 75 years of experience working as collectors, dealers, or in auction houses.
It also uses an algorithm that looks at the historical data of over 1 million art auctions. It selects artists that have a proven track record of their works appreciating at a price.
