297: Scott Lynn On The Argument For Investing In Fine Art

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 18 May 2020

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Scott Lynn is the Founder of Masterworks, which allows anyone to purchase and trade shares in iconic artworks. In this conversation, Scott and Anthony discuss what the private art market is, how big of a business it is, why art has outperformed the S&P 500 since 2000, and how Masterworks is democratizing access to this growing asset class. Learn more about Masterworks here: https://bit.ly/2LyECQC =============================== Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at www.pompletter.com

Transcript

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0:00.0	This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp podcast. Simply the best podcast out there. Let's kick this thing off. Scott Lynn is the founder of Masterworks, which allows anyone to purchase and trade shares in iconic artwork. In this conversation, we discuss what the private art market is, how big of a business it is,
0:22.8	why art has outperformed the S&P 500 since 2000, and how Masterworks is democratizing access to
0:28.3	this growing asset class. I really enjoyed this conversation. I learned a ton, and I hope you do
0:33.6	as well. Before we get into the episode, though, I want to quickly talk about our sponsors.
0:38.1	The first is Block 5. They allow you to keep your crypto, use it as collateral, and receive a
0:43.0	US dollar loan or an interest-bearing account all from one single platform. Block 5. I'm a huge
0:49.2	fan of the company. I'm an investor and a user. To me, the most interesting part is you can take crypto or a digital
0:56.2	dollar like GUSD and USC deposited into an interest-bearing account and get very high rates of
1:02.5	return compared to the legacy financial world. Bitcoin right now is about 6% APY and the stable coins
1:09.7	are 8.6% APY. unheard of rates and legacy system.
1:14.2	Head on over to blockfi.com slash pomp and you can learn more, understand the risks,
1:18.7	and get started today. Again, blockfi.com slash pomp. And then lastly, don't forget that I write a
1:25.1	daily letter to over 50,000 investors about business technology and finance.
1:29.0	I break down complex topics into easy to understand language while sharing opinions on various aspects of each industry.
1:34.9	You can subscribe at pompletter.com.
1:37.8	Again, pompletter.com.
1:39.6	We're going to the description of this podcast, and you'll be able to click on the link there.
1:43.5	All right, let's get into this episode with Scott.
1:45.2	I hope you guys enjoy this one.
1:47.7	Anthony Pompliano is a partner at Morgan Creek Digital.
1:51.1	All opinions expressed by Pomp or his guests on this podcast are solely their opinions
1:55.5	and do not reflect the opinions of Morgan Creek Digital or Morgan Creek Capital Management.
	...

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