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If the artwork is sold using an auction house, the fees associated with the sale are typically much higher. The training is ad hoc after the initial few months and managers/staff members you depend on to answer questions are seldom available in a timely manner, while employees are expected to keep going and not miss a beat. Full-time. Heres a quick overview of how investing in fractional shares with Masterworksworks: Keep in mind that because youre technically a part-owner of an LLC, you should expect to receive a tax form thats called a K-1 at the end of each tax year tofile with your tax returns. If you want to invest in something that is independent of the stock market, then investing in artwork could be a good choice. The secondary market was built by Masterworks for individual U.S.-only investors who purchased fractional Masterworks shares to buy and sell their shares to other investors. In a 2017 BBC article on the advantages of investing in the fine art space as a retail investor, it was noted that individuals will need to have a starting fund of anywhere between 5,000 and a whopping 500,000. This commission is expensive but is comparable to what a hedge fund may charge its investors. As an asset, the significant advantage is that its valuation does not fluctuate regardless of the markets performance. Interviews at Masterworks Experience Positive 54% Negative 23% Neutral 23% Getting an Interview Applied online 89% Recruiter 11% Difficulty 2.8 Average Hard Average Easy Interviews for Top Jobs at Masterworks Account Executive (2) Associate Creative Director (1) Marketing (1) Account Manager (1) See more interviews for top jobs Thank you so much for your input I think your feedback adds a lot of value here. Investing in art can be risky and long-term. Masterworks Fractional Share Investing: Explained, Masterworks files the artwork with the SEC, Masterworks creates an LLC for each artwork purchased, You can buy $20 shares of ownership for each LLC, until all shares are bought, The artwork is kept for up to 10 years before it is sold, Masterworks sells the artwork, dissolves the LLC, fees are paid, and proceeds are distributed to the investors, Keep in mind that because youre technically a part-owner of an LLC, you should expect to receive a tax form thats called a K-1 at the end of each tax year to, Easily accessible Masterworks funding calculators. So glad to hear that my review was able to help you and add value. Investment holding period. How much does it cost to join Masterworks? Hi! Hopefully this helps. After the Masterworks team analyzes artists and paintings, the team purchases a select number of artworks to be held at the Masterworks secure facility for up to 10 years before the artwork is sold for a profit. The historical performance of the art index looks attractive but doesnt match other research and the way they sold that one and only painting that allows them to advertise a high return looks curious. In other words, if Masterworks decides to sell the artwork at an auction house, your net profit (aka the amount of money you actually take home) shrinks but you could still make a profit. Artwork is a hedge against inflation and stock market volatility. Next, youll want to click on the blue button, Request Invitation.. Your assessment of holding this out as an elite membership was spot on. A Sample Template for Conducting a Membership Interview