How to use masterworks
It also offers reports on the current state of the global art market, published regularly by sources like Citi GPS and Deloitte. Masterworks offers investors historical auction data for each of the artists it features. Auction sales data and public research reports: If any particular piece of artwork remains unsold after 5 years, Masterworks begins considering putting the piece up for auction.Article offerings are updated frequently, so don’t be afraid to check back every few days to see what’s new. Here, you’ll find articles from Barclays, Morgan Stanley and Deloitte, to name a few. The Insights section also includes a third-party research section that aggregates outside news articles from a variety of well-known sources focused on art. Some previous article topics include deeper dives into artists’ histories, the benefits of adding art to your investing portfolio, ideas for investing in art on a budget and much more. The tone of Insights’ offerings is easy enough for total beginners to understand and each article brings a new perspective. Masterworks Insights is a hub of gripping, well-researched and informative articles. Masterworks Insights: You may assume that Masterworks’ “Insights” is a blog just created for search engine optimization purposes rather than providing actual information, but this assumption is incorrect.Masterworks price database: You can take a look at all of the artists and their paintings in Masterworks’ unique price database and view the return of thousands of paintings and artworks.
Learn more about both classic and contemporary artists with Masterpiece’s brief crash-course in each artist’s background. You can view SEC filings for every piece of art currently available for investing directly on its page. Easy-to-find SEC filings: The best place to learn more about Masterworks and its offering requirements is by checking out each piece of art’s SEC filing.Though you can’t link your account and begin purchasing until you complete your required interview, you won’t have any trouble finding necessary forms or access points when you’re ready to start investing. Simple bank linking process: After you create your Masterworks account, you’ll be directed to link your bank account directly from your Masterworks home page.Upfront crowdfunding: If you’re only interested in browsing by works that will definitely be funded, you’ll love Masterworks’ direct and upfront funding calculator.Some of the things we love about Masterworks include: Once you make your way into the platform, you’ll enjoy a simple and streamlined design. Investors eager to get in on the art market fast may want to sign up now to hold their place. When we tried to sign up, we were told that we were #310 on Masterworks’ waitlist. Before you can invest and purchase shares of artwork, you’ll need to complete a quick phone interview. Different standards apply to institutional and business investors.Īnyone can invest through Masterworks.Profit-taking: When Masterworks sells the work of art, the platform takes a flat 20% commission if the painting has increased in value.This fee goes toward expenses like art insurance, storage and transportation. Annual management fee: You’ll pay a 1.5% annual management fee for each year you invest with Masterworks.Currently, Masterworks charges 3 separate fees to investors: At no point is there a guarantee that you’ll receive a return on your investment, but Masterworks does actively vet investments and only offers works from established artists.īefore you invest, it’s important to understand Masterworks’ fees. If 7 years pass and there’s no solid opportunity to sell the artwork at a higher price, Masterworks will consider sending the painting to auction. From there, Masterworks actively attempts to sell the painting at a profit to art collectors and investors. The minimum amount that you’ll need to invest varies depending on the work of art you’re investing in and no individual investor may own more than 10% of any individual work of art.Īfter Masterworks has purchased the painting, it holds it in a stored location for safety and insurance reasons, which keeps your investment protected. When you invest with Masterworks, you purchase Class A stock shares that represent partial ownership in a particular work of art. Masterworks Fees, Commissions and Account Minimums