Masterworks Investor Presentation Deck
Resilient Art Market Performance in 2020
2020 has driven profound shifts in market activity, yet new entrants and sales formats
have sustained activity and bolstered prices
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Delayed Auction
Calendar
Online Sales
Boom
New Buyers
Flock
Resilient
Price Levels
Delayed 1H auctions lowered overall sales, but
resumed with strong summer/fall sales
Gap left by art fairs and retail galleries filled by
online sales and sustained private sales activity
Surging activity from newcomers under age 40
across collecting categories
Despite lower overall volumes, art pricing,
especially at the high-end, has increased in 2020
$2.5 billion
Total Auction Sales
in 1H 2020
(Art Tactic)
4.7x Increase
in Online Sales at
Christie's, Sotheby's and Phillips
in 1H 2020 vs. 1H 2019
(Artnet)
40% New Buyers
at Online Auctions in 2020
(Credit Suisse)
6.7% Increase
in Contemporary Art Index
in 2020 YTD (1)
(Masterworks)
Source: Internal Masterworks analysis. Art Tactic. ArtNet. Credit Suisse. Index data updated as of July 30th, 2020.
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.
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
MASTERWORKS 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 RESULTS
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