Early Internet entrepreneur with a focus on online advertising, martech, and fintech. Over the past 15+ years, he has founded, acquired, sold, or remain a controlling shareholder in over a dozen tech companies. Outside of online advertising, he actively invests in contemporary art and serve on boards of different organizations, including the Brooklyn Rail (current), International Foundation for Art Research (current), and the Lynn Foundation (past).
Enthusiasts say investing in fine art beats stocks over the long haul. But the true picture is more complex.
In 2020, Masterworks offered a $5.5 million Basquiat painting that anyone — yes, anyone — was able to invest in. CEO Scott Lynn takes us inside.
Think of it as the art market's version of the popular trading platform Robinhood Markets, which lets users buy a fraction of a company's share for a few dollars
People feel that equity markets are overvalued and they are looking for other places to put money.
We are seeing a huge influx of investors looking to diversify away from the stock market right now. Art has historically been uncorrelated to other asset classes, it acts as a great diversifier during times like this.
Historically, the asset class has outperformed the stock market. It’s uncorrelated. So we think it has a role in any investment portfolio.