Masterworks - Reviews and experiences

My experience with Masterworks was really disappointing. At first, they were super helpful in helping me figure out how to invest my money in fine art. But as soon as I wanted to sell my shares, everything went downhill. They sent me an email saying my trading wallet was inactive, so I couldn't sell my shares. I tried many times to fix it, but it took a frustrating 8 months to solve the problem. During that time, I only got generic emails that didn't really help, which made me wonder if they were legit. It felt shady and made me think about filing a formal complaint. After a lot of effort, I finally sold my shares, but the whole experience was far from satisfying and left a bad taste in my mouth. I would tell anyone thinking about investing with Masterworks to think twice and be careful.

I invested around 20k in art and now it's only worth like 20% less, not cool bro. It's hard to sell it quickly because the market is slow. I have to rely on Masterworks to not screw things up, and they still make money even if I don't, not fair. Maybe I'll just stick with boring old ETFs next time.

I gotta tell you, investing with that company was a total disaster. I couldn't get my money back when I needed it because of their lack of liquidity. The fees were way too high and just made things worse. And don't even get me started on all the lies they told me about their services. Do yourself a favor and steer clear of that place.