Masterworks Investor Presentation Deck
Index (1995 = 1)
Historical Appreciation Over Time
Contemporary art has exhibited a high-beta to both all-art and broad equity indices
Value-Weighted Art Indices vs. S&P 500 (Total Return) Indices Since 1995
Based on repeat-sales from 1995 to 2021 - Chart reflects gross increase in asset value indexed to 1 in 1995
32
24
16
8
0
1995
Contemporary Art - S&P 500 Total Return
3.
4
1997
1999
2001
2003
All Art
2005
2007
2009
2011
2013
2015
2017
2019
Source: Internal Masterworks analysis, Bloomberg, Index shown through 12/31/2021, Index data updated as of 12/31/2021. S&P 500 is represented by SPXT Index
Notes: There are significant differences between the asset classes presented, for additional information, see Important Disclosures.
1. Repeat-Sale Pair Index of Post-War and Contemporary Art (as defined by the applicable auction house) using Standard & Poor's CoreLogic Case-Shiller Home Price Indices Methodology
2.
2021
Contemporary Art
13.8% price appreciation(1)(2)
S&P 500 Total Return
10.2% annualized return(3)
All Art
9.2% price appreciation (2)(4)
The Standard & Poor's CoreLogic Case-Shiller Home Price Indices Methodology results in a value-weighted index; auction results realized in a currency other that U.S. dollars have been converted using exchange rates
provided by FRED (St. Louis Federal Reserve) at the time of the most recent sale; this adjustment is made to account for long-term exchange rate trends that would otherwise distort artworks' appreciation
S&P 500 Total Return Index as of 12/31/2021
Repeat-Sale Pair Index of All Art (as defined by the applicable auction house) using Standard & Poor's CoreLogic Case-Shiller Home Price Indices Methodology
THIS PRESENTATION IS BEING CONDUCTED BY MW CAPITAL GROUP UNDER SEC RULE 3A4-1. THIS PRESENTATION IS NOT PROVIDED BY OR USED IN SOLICITATIONS BY A
MASTERWORKS BROKERAGE FIRM OR BROKER. PLEASE SEE "IMPORTANT DISCLOSURE INFORMATION" SECTION OF THIS PRESENTATION
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INDICES ARE UNMANAGED. AN INVESTOR CANNOT INVEST DIRECTLY IN AN INDEX. INDICES ARE USED FOR COMPARATIVE MODELLING PURPOSES ONLY. THE TIMING OF TRANSACTIONS RELATING TO AN ASSET OR
PORTFOLIO, ADVISORY, AND TRANSACTION FEES, AND OTHER MANAGEMENT ACTIVITIES CAN CREATE SIGNIFICANT DIFFERENCES BETWEEN THE PERFORMANCE OF AN INDEX AND AN INVESTMENT SEEKING SIMILAR
OR SUPERIOR RELATIVE PERFORMANCE RESULTSView entire presentation