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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's better for thousands of people to own a significant artwork than a single collector: MasterworksMasterworks’ CEO Scott Lynn explains how the company's the trading platform unlocks access to the art market for retail investors.
Persons: Scott Lynn
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMasterworks CEO Scott Lynn talks how to break into the art investing spaceHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Scott Lynn, Brian Sullivan, Organizations: CNBC
The year’s most expensive sale in New York City took place in August at 220 Central Park South in Midtown, where an expansive duplex in the villa portion of the park-facing condo complex closed at $80 million. It sold for $30 million, far less than the $110 million initially sought by the developers six years ago. The buyer was Scott Lynn, an art collector and the founder and chief executive of Masterworks, an art investment platform. The crown penthouse at the new 20-story condo at 109 East 79th Street also sold, for $35 million, which was the month’s second biggest sale. The full-floor unit has 5,721 square feet, plus an additional 3,666 square feet of outdoor space.
Persons: Nima Capital, Suna Said, Scott Lynn Organizations: New York City, Nima, Woolworth, Masterworks Locations: New York, Midtown, TriBeCa
Watch CNBC's full interview with Masterworks CEO Scott Lynn
  + stars: | 2022-11-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Masterworks CEO Scott LynnMasterworks CEO Scott Lynn joins CNBC's 'Squawk Box' to discuss the art market and whether fine art is a safer store of value for investors amid high inflation and crypto's collapse. "We do think art performs well during inflationary periods," Lynn tells CNBC.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArt behaves differently than other asset classes, says Masterworks CEO Scott LynnMasterworks CEO Scott Lynn joins CNBC's 'Squawk Box' to discuss the art market and whether fine art is a safer store of value for investors amid high inflation and crypto's collapse.
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