Blast to the past.
Using this app feels like moving back in time. I don’t find it to be a good experience.
Issue 1) - I am not giving the option to purchase shares with proceeds of previously sold shares that have been deposited into my tamplum trading account. Contact their tech help. Did not get a resolution.
Issue 2) - while purchasing shares, if I mistakenly check the subscription agreement radio button, it locks down the purchase not giving the option to uncheck or modify the parameters of the purchase. The incomplete purchase just stays there prompting you to completing the purchase by hitting the complete button, even if you don’t want to proceed. There is no option to cancel or modify purchase, and if there is, it’s not obvious.Easy Peasy
It is an exciting way to own pieces of your favorite artists and being introduced to new soon to be favorites. That with investments at a reasonable price that will pay dividends in the future. Masterworks makes it easy.Know your investment strategy
There are complaints and negative reviews I read about the illiquid nature of these holdings as well as the high fees involved. That is absolutely correct but no secret. This is not like public company stock investing. It’s much more akin to private venture investing - a long term hold with no control of the exit timeline. You have to go in with the right mindset and perspective. If that’s part of your investment strategy, then data shows that this asset class has historically performed quite well and is less correlated to general macro economic swings than most other asset classes. So it’s a pretty solid complement to a diversified portfolio.