The First Art Newspaper on the Net   Established in 1996 United States Monday, November 19, 2018


Masterworks launches first blockchain platform for public to invest in works of art
Masterworks was founded in 2017 by Scott W. Lynn as a platform to democratize the art world by making fine art investment accessible to all.


NEW YORK, NY.- Masterworks today announces its launch as the world’s first blockchain-based fine art investment platform that will allow anyone to invest in specific works of art. All offerings will be filed with the Securities and Exchange Commission with share ownership recorded on the Ethereum blockchain to provide transparency to investors.

For its inaugural offering, Masterworks plans to offer an investment in Andy Warhol’s 1 Colored Marilyn (Reversal Series), 1979. Purchased by the company in November 2017 at Phillips’ 20th Century & Contemporary Art Evening Sale for $1,815,000, investors will be able to invest in Warhol’s iconic 1 Colored Marilyn (Reversal Series) for as little as $1,000 USD.

Masterworks founder, collector and Internet entrepreneur Scott Lynn sees the blockchain as a way to democratize aspects of art collecting that have traditionally been made inaccessible due to the high barrier to entry. Lynn states, “Artwork made by some of the world’s most significant artists tends to appreciate at the highest rates, but very few people can access them due to the price point. Masterworks aims to make it possible for anyone to invest in this asset class by offering the opportunity to invest in artworks at an affordable entry point.”

According to a 2018 report by Art Basel & UBS, works sold for more than $1 million accounted for 64% by value in 2017, the highest level in three years, despite only accounting for 1% of all transactions. “These are the exact types of works that we are looking to add to our platform,” Lynn stated.

Anyone interested in learning more about investing in Masterworks’ initial offering can do so by visiting www.masterworks.io.

Masterworks was founded in 2017 by Scott W. Lynn as a platform to democratize the art world by making fine art investment accessible to all.

Scott Lynn is an Internet entrepreneur who has founded, acquired, or acted as a majority-investor in over a dozen advertising technology, content, and fintech companies. An active collector of contemporary art for over fifteen years, Mr. Lynn has has built an internationally-recognized collection of Abstract Expressionism that has included works by Clyfford Still, Barnett Newman, Mark Rothko, Willem de Kooning, and more. Mr. Lynn’s collection has been exhibited at several major museums, including MoMA, National Gallery of Art, the Royal Academy of Arts in London, and more.





Today's News

May 14, 2018

Maria Lassnig retrospective at Kunstmuseum Basel showcases key works

Hollis Taggart Galleries opens exhibition of paintings from the 50s & 60s by Julius Tobias

Stephen Prina's wide-ranging project galesburg, illinois+ on view at Sprüth Magers Los Angeles

Largest-ever display of Canaletto paintings in Scotland goes on show at The Queen's Gallery, Palace of Holyroodhouse

Solo exhibition of Dutch-American photographer Richard Koek on view at Eduard Planting Gallery

Blum & Poe opens its first exhibition with Italian-born, London-based artist Enrico David

Timothy Taylor opens an exhibition of works by the British artist Frank Auerbach

South Africa lensman Sam Nzima who took iconic Soweto uprising photo dies

New display at Riverside Museum marks 50 years since steam engine ran on Scotland's trainlines

Masterworks launches first blockchain platform for public to invest in works of art

Socrates Sculpture Park opens a solo exhibition of commissioned works by Virginia Overton

Exhibition examines the work of one of the most respected fashion designers in history

Whyte's announces highlights from its auction of important Irish art

The Museum of Contemporary Art Detroit opens 'Michael Luchs: Fictitious Character'

The McMaster Museum of Art opens 'The Midnight Sun Camera Obscura Project'

Unseen works from seven decades of John Craxton career on view at Osborne Samuel

Sean Kelly opens Sergio Camargo's first ever solo exhibition in the United States

Lichtundfire opens an exhibition of new, intimate-sized, abstract reductive paintings by Christopher Stout

Solo exhibition by Amir H. Fallah opens at Denny Gallery

Fondazione Giuliani opens Alicja Kwade's first solo show in Rome

The Divine Joke: Anita Rogers Gallery opens a group exhibition

Major retrospective of Australian abstract painter Robert Hunter on display at NGV Australia

Bilbao Fine Arts Museum celebrates 110 years with exhibition of 100 works

Exhibition at the Tokyo Art Museum presents about 30 drawings by Sergei Tchoban

Most Popular Last Seven Days



1.- TEFAF New York Fall 2018 opens to strong attendance and robust sales

2.- Christie's announces auction of Magnificent Jewels and the concurrent Jewels Online Auction

3.- French court finds Jeff Koons guilty of plagiarism

4.- Papers of the exiled Stuart kings published online for the first time

5.- New exhibition explores relationship between British and Russian royal dynasties

6.- Wes Anderson presents box of 'treasures' from Viennese vaults

7.- Bonhams and Turner Classic Movies present...The Dark Side of Hollywood

8.- Hopper, de Kooning, Gorky and Stella hit new auction records in New York

9.- Old Master? Cave paintings from 40,000 years ago are world's earliest figurative art

10.- Cat mummies, animal statues discovered in Egypt sarcophagi



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 
Check out Casinostoplay.com for a range of beautifully designed online slot games.

Founder:
Ignacio Villarreal
Editor & Publisher:Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez


Royalville Communications, Inc
produces:

ignaciovillarreal.org avemariasound.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful