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Senior Specialist, Contemporary Art (Acquisitions)
Senior Specialist, Contemporary Art (Acquisitions)
Masterworks
Post Date: 03 Apr 2023

JOB OVERVIEW

Masterworks is a fintech platform that allows anyone to invest in SEC-qualified shares of multi-million dollar paintings by names like Banksy, Basquiat, and Picasso. In just three short years, we have built a portfolio of nearly $700 million in world-class artworks, introducing over 575,000 individuals to the $1.7 trillion art market.

Masterworks has been covered by major media publications such as The New York Times, CNBC, The Wall Street Journal, and the Financial Times, and was recently recognized as one of the Top 50 Startups in the US by LinkedIn.

In 2021, Masterworks achieved unicorn status raising $110M in its Series A fundraising round at a valuation exceeding $1 billion.

Our 180+ employees are based out of our offices at Brookfield Place in the Financial District of New York City. With an entirely in-office team, there are endless opportunities for collaboration, innovation, and learning.

Why Masterworks?

  • Do you thrive on disruption?
  • Do you want to live at the cutting edge of finance, technology, and art?
  • Are you passionate about democratizing alternative investments?
  • Do you enjoy meaningful work that has a noticeable impact on business performance?

If you answered “Yes” to any of the above, we’d love to hear from you!

Position Overview:

Masterworks is the largest buyer of Post War and Contemporary art in the art market and plans to acquire up to $700 million in artwork this year. We are looking for a New York-based Senior Specialist in Post War and Contemporary Art to assist in those efforts, advising on, sourcing and managing acquisitions for our growing portfolio of blue-chip art. Our ideal candidate has a deep familiarity working with blue-chip art and a passion for transacting in the market.

Key Responsibilities:

As a Senior Specialist on the Masterworks team, you will be responsible for the following:

  • Driving the strategy behind Masterworks Acquisitions
  • Developing and managing relationships with collectors, dealers, galleries and art advisors
  • Sourcing and managing the acquisition of paintings by artists like Lynette Yiadom-Boakye, Keith Haring, and Joan Mitchell
  • Advising on pricing strategy, fair market value, and art market intelligence for blue-chip paintings in the $500 thousand to $30 million price range
  • Driving strategic negotiations for acquisitions of works sourced by the team
  • Proactively generating new business opportunities and deepening existing relationships
  • Vetting prospective sellers
  • Attending art fairs, collector dinners or events, and exhibitions to generate new business
  • Assisting acquisitions team with routine pricing sessions and artist market analysis
  • Viewing paintings and assessing condition prior to acquisition

Measurements of Success:

In the first few months you will:

  • Get fully up to speed on Masterworks’ acquisitions criteria and understand the target artist list
  • Take on management of 100+ existing relationships, as well as, introducing Masterworks to potential partners or clients
  • Source dozens of works for the team to research for potential fit
  • Successfully complete a number of acquisitions for the company
  • Engage in regular client development meetings and work with the Acquisitions team to build appropriate strategies around key clients
  • Familiarize yourself with Masterworks business model and be able to explain it to prospective business partners

Qualifications:

  • Senior-level candidates 7+ years in a specialist role at a leading gallery or auction house or as an independent art advisor
  • Expertise in Post-War and Contemporary Art at $1mm+ price points
  • Experience with negotiations and ability to multitask
  • Team player, proactive, highly organized and attentive to detail
  • Excellent verbal and written communication skills
  • Fluency in at least one other language is preferred
  • Ability to travel (local and international)

Additional Requirements:

  • Must be eligible for full-time US work – no exceptions.
  • Must be able to work from our NYC office

How does Masterworks think about compensation?

The compensation range for the role is $100-200k (inclusive only of base salary, and exclusive of other potential competitive benefits such as on-target commission, bonus payments, and equity). Our ranges are very broad to accommodate all types of candidates and encourage growth. Specific compensation offered to a candidate may be dependent on factors such as education, experience, qualifications, and alignment with market data. Exceptional candidates may receive salaries outside of the posted ranges.

JOB DETAILS

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