TTU112: The Art of Investing ft. Scott Lynn of Masterworks

Top Traders Unplugged

Niels Kaastrup-Larsen

Business, Business News, Investing, News

4.8 • 670 Ratings

🗓️ 22 October 2020

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Scott Lynn is the Founder and CEO of Masterworks. He began his career as a serial entrepreneur, starting tech companies focused on casual gaming, online advertising and financial technology. All along the way he collected art, and after seeing the data available in the last twenty years thanks to the Internet, Scott decided to pursue art as an investment. Art as an asset class has been around for hundreds of years, but only recently has been seen as a viable investment opportunity – made possible by Masterworks. Listen in on today’s episode to find out why art is becoming more popular as an asset class among investors, what the key macro drivers are for art, and how Masterworks is making art an accessible investment opportunity.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In This Episode, You’ll Learn:

How the art market is different today than it was twenty five years ago
How old art is as an asset class
How analyzing art is different from analyzing other asset classes
When did art as an asset class begin to be studied
How art returns are related to the growth of the top 1%
How art prices are driven by a decreasing supply of new works
How should an art collector think about risk
What is a bad environment for art investment
How Masterworks invests in art
What is a standard commission when buying a piece of art
What are the trends among art investors

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1. eBooks that cover key...

Transcript

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0:00.0	You know, you think about the art market, art as an asset class as $1.7 trillion, right?
0:08.0	That's a number that's published by Deloitte has been more or less confirmed by Sotheby's.
0:12.0	Last year, $68 billion in art sold, so think of it as a couple percent turnover every year.
0:17.0	Compare that to venture and private equity, which is $3.5 trillion.
0:21.9	There's 6,000 firms that operate in venture private equity, late stage buyout, whatever,
0:27.2	that help people allocate to the asset class.
0:28.8	In the art market, there's nobody.
0:31.1	Imagine spending an hour with the world's greatest traders.
0:34.8	Imagine learning from their experiences, their successes, their successes, and their failures.
0:39.3	Imagine no more. Welcome to Top Traders Unplugged, the place where you can learn from the best
0:45.5	hedge fund managers in the world so you can take your manager due diligence or investment career
0:50.5	to the next level. Before we begin today's conversation, remember to keep two things
0:55.1	in mind. All the discussion we'll have about investment performance is about the past, and past
1:00.2	performance does not guarantee or even infer anything about future performance. Also understand that
1:05.6	there's a significant risk of financial loss with all investment strategies, and you need to
1:09.9	request and understand the
1:11.5	specific risks from the investment manager about their product before you make investment
1:15.7	decisions.
1:16.8	Here's your host, veteran hedge fund manager, Nealz Kostrup Larson.
1:33.0	Hey everyone, and welcome to another edition of Top Traders on Pluck, where today I'm joined by Scott Lynn, who's the founder and CEO of Masterworks, and today we are really going to talk
1:38.1	alternative investments. So first off, Scott, thanks so much for coming on the podcast. I'm excited
1:43.5	about our conversation today because it's a new asset class for me and I think
	...

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