The most in demand artworks on Masterworks are from UK street artist Banksy and the American Neo-expressionist Jean-Michel Basquiat. This can be determined by the length of time that it takes for the shares of an artwork to be fully acquired when Masterworks first introduces it to their members.
Banksy’s artwork will typically sell out in less than 20 minutes, a feat that no other artist on Masterworks can replicate. Jean-Michel Basquiat is also very popular, but because his artworks are more expensive, it takes more than 20 minutes for the shares to all be snapped up. The last Basquiat paintings that was offered on the platform was valued at $36 million, whereas the last Banksy artwork was valued at $1.7 million.
Newly acquired artworks are offered to current members first, so unless you are already a member of Masterworks, the likelihood that you get to participate in the next Banksy IPO is zero.
The good news is that every existing member has the same equal chance to invest in a Banksy or Basquiat at its IPO price. So, if you sign up now, you can actually have a chance to secure your shares before they sell out.
Masterworks have been increasing the rate at which they acquire artworks recently, so another Banksy, Basquiat, or any other popular artist, is sure to be added to the platform very soon.
Use can use the link below to skip the membership line and be one of the first to be notified when new works are being added to the platform. Or learn more here: How to skip the Masterworks waiting list?
Final thoughts
If you are interested in Banksy or Jean-Michel Basquiat as an investment, it is advisable to stay away from website like Etsy, Temu, and Ebay to avoid cheap or inauthentic reproductions.
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.
