Investing in Art with Masterworks CEO with Scott Lynn

Entrepreneurs on Fire

John Lee Dumas

Content, Passive, Entrepreneuronfire, Podcast, Money, Entrepreneurs, Income, Success, Business, On, John, Marketing, Eofire, Entrepreneurship, Online, Dumas, Niche, Fire, Careers, Media, Lee, Internet, Mobile, Interview, Entrepreneur, Seo, Finance, Social

4.8 • 4.1K Ratings

🗓️ 17 April 2025

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Scott Lynn is the Founder and CEO of Masterworks, the first platform allowing investors to buy and trade shares in blue-chip art. Scott is a serial entrepreneur and a leading art collector.

Top 3 Value Bombs

1. Strategy before execution. Focus more on making sure you are solving the right problem than just working really hard.

2. Art is a long term security so it is important for people to realize that if they invest in art they should think of it as a 7-10 year investment that is illiquid before they ultimately sell them.

3. The market on investing is going to change rapidly over the next 10 years so you need to update your investment portfolio.

Masterworks – Check out their website and schedule a call with their financial advisers who are trained in the stock market.

Sponsors

NetSuite Over 41,000 businesses have future-proofed their business with NetSuite, by Oracle - THE number one cloud E.R.P. Download the CFO’s Guide to AI and Machine Learning for free at NetSuite.com/fire

Mentorship: Email [email protected] to set up a call

Transcript

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0:00.0	Light that Sparkfire Nation. JLD here and welcome to Entrepreneurs on Fire.
0:06.7	The only daily show interviewing the world's top entrepreneurs seven days a week.
0:10.6	Today we'll be breaking down investing in art with Masterworks.
0:14.7	To drop these value bombs, I brought Scott Lynn into Eofire Studios.
0:18.1	Scott is the founder and CEO of Masterworks, the first platform allowing investors
0:22.2	to buy and trade shares in Blue Chip Art. Scott is a serial entrepreneur and a leading art
0:27.3	collector. And today we'll talk about how it's been investing in Blue Chip Art over the past few
0:31.9	decades, exactly how masterworks works, how long of a period should you be thinking about
0:37.1	before getting a return,
0:38.6	what artists are most popular on the platform, and oh, so much more. And a big thank you for
0:42.6	sponsoring today's episode goes to Scott and our sponsors. Over 41,000 businesses have
0:49.0	future-proved their business with NetSuite by Oracle, the number one cloud ERP, bringing accounting,
0:55.2	financial management, inventory, and HR into one platform.
0:58.7	Download the CFO's Guide to AI and Machine Learning for free at netsuite.com slash fire.
1:05.9	Do you have the right mentor in your life right now?
1:09.1	For the first time in seven years, I'm opening up a few mentorship
1:11.7	slots for individuals who know they need the guidance and accountability to take their business
1:16.4	and life to the next level. Email me at John at Eofire.com with the subject line mentor,
1:23.2	and we'll schedule a 15-minute chat to go over the program and see if it's the right fit for you.
1:30.3	Scott, say what's up to Fire Nation and share something that you believe about becoming successful that most people disagree with.
1:39.0	Thanks for having me on.
1:40.2	Yeah.
	...

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