Company 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 $800 million in world-class artworks, introducing over 800,000 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 200 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.
Position and Responsibilities Overview:
Masterworks has become a significant player in the market, with a collection of over 400 paintings valued at over $1bn.
We are looking for a Portfolio Manager with extensive experience advising and valuing blue-chip Post-War and Contemporary Art. This role will join our Art Acquisitions as a senior member reporting to the Chief Operations Officer.
You will :

• Advise on artwork being considered for acquisition, including but not limited to:
  • Price expertise and market history
  • Object level expertise
  • Suggested research avenues
• Be a senior contributor to our acquisitions valuation process managed by our Head of Appraisals
• Together with our COO and/or investment committee, approve outgoing private and auction price/bidding levels
• Sign off on artwork condition
• In collaboration with the research team, advise on artists to add to the collection
  • Gather market intelligence through regular interactions with auction houses, galleries, dealers, and advisors as it relates to factors that affect the valuations of artists in the Masterworks portfolio or target artist markets
• Be a senior member of our Valuations Committee, contributing to the discussion of quarterly appraisals of all artwork in the Masterworks portfolio
• Provide market feedback and support on private sales (portfolio exits), including private sale offer levels.

The ideal you:

• You have 10 years of experience at a major auction house, gallery, or advisory group
• You have deep knowledge of the market for high-value contemporary art
• You have extensive experience working with clients through purchases and sales, at auction, and privately
• You can quickly arrive at valuation opinions supported by data and market intelligence
• You are comfortable making decisions amid uncertainty
• You are highly analytical, data-driven, discrete, and highly organized
• Fast learner with excellent verbal and written communication skills
• USPAP Certification, a plus

Success in the first 90 days looks like:

• Contribute to daily pricing sessions for hundreds of paintings
• Get fully up to speed on Masterworks' current portfolio and target artist markets
• Become an expert on Masterworks' target markets and acquisition criteria
• Begin owning the process by which offers are made on target acquisitions

Additional Requirements:

• Must be eligible to work in the US - no exceptions.
• Must be available to work full-time

Benefits at Masterworks:

• Daily catered lunches
• Free admission to art museums and galleries
• Health, dental, and vision coverage with FSA options
• PTO and 401k
• Discounted Equinox membership
• Happy hours, company outings, social clubs, and more!

How does Masterworks think about compensation?
The compensation range for the role is $150-200k (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.