Exhibit 15b
Investment Thesis
● | Inspired by the lack of representation of people of color in Western art, Barkley L. Hendricks (1945-2017) revolutionized the depiction of Black and Latinx Americans in his paintings. | |
● | Since Barkley’s passing in 2017, his market has grown considerably with 7 paintings exceeding the $1,000,000 mark. | |
● | A few days after Masterworks’ acquisition of Selina/Star, a new auction record was set for Hendricks’ work at $4,013,000 (on December 8, 2020). Masterworks is pleased to be offering Selina/Star for just over one million at $1,041,000. | |
● | This work is an excellent example of Hendricks’ iconic photorealistic portraits painted during the late 60s to mid 80s, which are the most sought-after by collectors. | |
● | Although there are no guarantees, similar works have appreciated by 37.1% per year historically. | |
● | Comparable works by Hendricks have performed well at auction including most recently, Latin from Manhattan… the Bronx actually (1980) which sold for $1,472,000 on October 2, 2020. |
Past performance is no guarantee of future results. An investor must read the Offering Circular before making an investment decision.