Fintech · Marketplace · Consumer
Masterworks
Masterworks is a New York fintech that lets everyday investors buy fractional shares in multimillion-dollar blue-chip paintings by artists such as Basquiat, Picasso, Warhol and Banksy. Founded in 2017 by serial entrepreneur Scott Lynn, the company buys individual artworks, registers each as a public offering with the SEC, and sells shares for as little as $20, then holds the work for several years before selling it and distributing proceeds. It reached unicorn status in 2021 after a $110M Series A and has grown to more than one million members.