There are thousands of people who have applied to become a member of Masterworks but are currently stuck on the waiting list. Keep reading to learn how you can avoid the same dreaded fate.

The reason a waiting list exist in the first place is because Masterworks has to be careful about how many clients they take on as they grow (the company is about 5 years old). Admitting everyone who applies to become a member would quickly overwhelm their resources and decrease the quality of the product for their current members.

However, new clients do not have to join the back of the waiting list. In fact, there are three things you can do to increase your chances of skipping the waiting list and becoming a Masterworks member right away.

How to Skip the Masterworks Waiting List:

1. Look to Invest More Than the Minimum

During the sign up process, you will be asked how much you are looking to invest. New applicants that are looking to invest more than a couple thousand dollars can skip the wait list, and become new members in about 30 minutes. The more you are looking to invest, the better chance you have of skipping the waiting list. So, you should look to deposit at least $5,000 – $10,000 to ensure your admittance.

The people that are joining the back of the waiting list are those that have indicated that they are not willing to invest more than the minimum amount required to have a truly diversified portfolio.

2. Choose to Invest Immediately

During the sign up process, you will also be asked When you can begin investing. If you are like me and don’t want any delay between deciding to do something and doing it, you will want to indicate that you are willing to start investing immediately. Doing so will also help you skip the line, as this suggests that you will make use of your membership from day 1.

3. Book a Phone Call

At the end of the sign up process, you will be asked to select a day and time for a phone call with a Masterworks financial advisor. The people that are joining the back of the waiting list are also those that are not willing to book the phone call. So, the last thing you can do to increase your chance of skipping the waiting list is to book the phone call and be prepared at the right time and date for a quick 15 minute conversation.

The advisor will talk to you about how Masterworks acquires its Blue Chip artworks and then suggest some initial possible investments according to your investing strategy (aggressive, balanced, or conservative).

Note: The phone call is compulsory for Masterwork’s to comply with its regulatory obligations.

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So, the answer to how to skip the Masterworks waiting list is: Be willing to fund an account more than the minimum amount, look to begin investing immediately, and receive a phone call with a Masterworks financial advisor. It’s as simply as that!

If you have any further questions about investing in art funds, like that offered by Masterworks or Yieldstreet, please reach out to mark@easelinvesting.com, and we would be happy to set you on the right path. Additionally, you can learn more about Art ETFs here.

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We welcome you to Contact Us with any questions you have about investing in art. Let us know your budget, the kinds of art that interest you, and we can work out a plan to get you started with art collecting the right way.