Rich Habits Podcast

83: Is Art Investing Legit?

Sep 23, 2024

Scott Lynn, CEO of Masterworks and art investment expert, joins the discussion on art as a unique asset class. He highlights the historical returns of contemporary artwork, emphasizing its low correlation with traditional investments. The conversation dives into sourcing and storing high-value pieces, as well as the impact of blockchain technology on liquidity in the art market. Scott also discusses the growing demand for mid-career artists and offers insights for potential investors looking to diversify their portfolios into this fascinating field.

39:37

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Episode guests

Scott Lynn

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Episode notes

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Quick takeaways

Investment-grade artwork, valued at approximately $1.7 trillion, offers a unique diversification strategy with minimal correlation to traditional assets like stocks and bonds.

Masterworks employs a meticulous, data-driven sourcing process to select high-potential artworks from renowned artists, ensuring strong risk-adjusted returns for investors.

Deep dives

Understanding Art as an Investment

Investment-grade artwork represents a substantial asset class valued at approximately $1.7 trillion. Unlike everyday art pieces, investable art consists of works from renowned artists whose pieces have a long track record of price appreciation. Artists such as Pablo Picasso, Basquiat, and Banksy dominate the market, with a significant percentage of transactions coming from this elite group. This consistent demand for top-tier artists results in lower volatility and provides a unique addition to a diversified investment portfolio.

Intro

2min

Investing in Art: A New Asset Class

13min

Navigating the Landscape of Art Investing

2min

Exploring Art as a Long-Term Investment and the Impact of Blockchain

2min

Investing Insights: Art and Beyond

6min

Critique of Substantially Equal Periodic Payments for Early Withdrawal

4min

Understanding Investment Plans and Renting Dynamics Among Friends

3min

The Crucial Role of Contracts and Smart Investment Strategies

5min

Maximizing Financial Growth and Active Investment Strategies

2min

In this episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz explore the world of contemporary artwork. They're joining by Scott Lynn, CEO of Masterworks, to learn more about the asset class' historical returns, how their pieces are sourced, stored, as well as insured.

With the recent volatility in the month of September (especially the first 10 days), having exposure to an uncorrelated asset class could be a great idea.

Both Robert and Austin invest into fine art through Masterworks.

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Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: ⁠⁠https://www.masterworks.art/richhabits⁠ ⁠

Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Basquiat, and more.

See important Masterworks disclosures: ⁠⁠https://masterworks.com/cd⁠

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