TIP240: INVESTING IN FINE ART LIKE A STOCK
W/ SCOTT LYNN
27 April 2019
On today’s show, we talk to the founder of Masterworks, Mr. Scott Lynn. Scott is the creator of a company that allows investors to purchase a share of a fine piece of artwork from legendary artists like Monet, Picasso, or Andy Warhol.
IN THIS EPISODE, YOU’LL LEARN:
- The bull and bear thesis behind investing in fine art.
- The key metrics behind valuing fine art.
- If fine art has a place in your portfolio.
- Why art by great artists might be value traps
- How the ultra-rich are moving the market.
TRANSCRIPT
Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.
Intro 0:00
You’re listening to TIP.
Preston Pysh 0:02
Hey everyone, welcome to today’s show. As regular listeners know, Stig and I like to press the limits of creative and unique ideas. And on today’s show, we have an interview with art collector, Scott Lynn.
Scott has been an entrepreneur building new and innovative companies for over 20 years. And throughout that time, he always had a passion for collecting art. Then in 2018, Scott created a company called Masterworks, which is a platform that securitizes fine art by filing the ownership of various paintings with the SEC.
So, Scott was the first person to enable investors to collectively purchase and trade shares and multi million dollar works of art by artists like Picasso, Monet, and Warhol, and many others. So get ready to hear a fascinating discussion with the creative Scott Lynn.
Intro 0:53
You are listening to The Investor’s Podcast while we study the financial markets and read the books that influence self-made billionaires the most. We keep you informed and prepared for the unexpected.
Preston Pysh 1:14
Hey everyone, welcome to The Investor’s Podcast. I’m your host, Preston Pysh, and as usual, I’m accompanied by my co-host, Stig Brodersen.
Stig Brodersen 1:20
All right, guys. We are super excited to be here with Scott Lynn. Scott, thank you so much for taking the time to chat with us today.
Scott Lynn 1:29
Thanks, Stig.
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BOOKS AND RESOURCES
- Learn more about Scott’s company, Masterworks
- Citibank’s report about the Global Art Market
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