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Can't believe I fell for this scam. Nearly impossible liquidity events. Fake returns against fake benchmarks. Different clearing house every other year. Must be running from the law.
complete scam of a company.
The app is very discombobulated. Annoyingly notifications can all be turned off except their advertising for new offerings. Overall not impressed and despite all their 'forecasts' and 'chest thumping' much of the art depreciates and does not gain value.
The app is a quick and easy way to keep up on Masterworks' evolving schedule of events and activities.
1 people found this helpful
ponzi scheme, this company needs to be shut down. they're tricking investors moving money to artworks that are owned by people who are most willing to participate in this platform. leaving the smaller guy with illiquid shares and no options to withdraw.
this is a scam company do not get involved with them. they promised over 5 years ago to be an art investment portfolio but really they have just created a secondary market to hold your money with no hope of returns. I'm down $1500 and lesson learned.
1 people found this helpful
The inability to view and manage my portfolio renders the app useless
1 people found this helpful
The app does not allow you to do anything. It says I'm invested in three things with no exits in one area, says I have four pieces in another area, both are wrong. I have thousands in my North field fund, but have to give them a credit card to buy new pieces? I've been an owner since last year and still do not have access to the secondary market. Each customer support person says next week, and then gives me a week's away call back time. I understand why it's claimed to be a scam. Goodbye money.
4 people found this helpful
I tried signing up just now and the App kicked me Offline and wanted me to try and sign up again, sorry you only get 1-STRIKE with me...!!! ALOHA
1 people found this helpful
This is a scam been holding art for 5 years and it is worth 20 percent less. I finally was going to sell shares but need to wait 2 weeks to "talk to someone" to even get approved to offload these turd investments Major SCAM
3 people found this helpful
From 167 saved reviews since 5 Oct 2022, all countries.
Share of the 60 negative reviews that mention it
“it crashed 3 times when I tried to make my first purchase and the process of putting my card info was rather user unintuitive as it kept resetting my info.”
“it crashed 3 times when I tried to make my first purchase and the process of putting my card info was rather user unintuitive as it kept resetting my info.”
“There isn't an option to bypass or close, so there is no access to my account, unless I use a browser.”
“The app lags and is buggy.”
“Since the latest update, I had an issue that it had me in a sign-in loop.”
“Nearly impossible liquidity events.”
Share of the 96 positive reviews that mention it
“The app is easy to use, and the team of experts has done an excellent job curating a selection of blue-chip artworks.”
“For now, I consider it as a very fun and very risky way to diversify my investments into art and culture.”
“My dear ladies & germs, I'm so surely convinced what a man could do if MY instincts are rightthat I will go out on a limb I not have ever dreamt to leap to t…”
“Chill”
A drop after an update usually means the update broke something.