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theSamParr's profile
Sam Parr ⚪️
Sam Parr ⚪️
Sam Parr  ⚪️
@theSamParr

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Sam Parr  ⚪️

@theSamParr

Love motorcycles and dogs. CEO of The Hustle. Internet entrepreneur and investor. Always scheming. ya, check mark is a joke

San Francisco
thehustle.co
Joined July 2012

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    1. Sam Parr  ⚪️‏ @theSamParr Feb 25
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      Just had my mind blown with this business. I'm typing this on the run, so excuse typo, rounded numbers, but I just had to tell you this story. So, I spent the day with Scott Lynn, CEO @MasterworksIO Masterworks. I want to tell you how Masterworks works and who Scott is.

      19 replies 13 retweets 95 likes
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    2. Sam Parr  ⚪️‏ @theSamParr Feb 25
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      But quick disclosure: I learned this over a casual lunch and am writing this from memory. So, take it with a grain of salt until I properly write this out in The Hustle. Scott: 40 years old. Look just like Bear Grylls. From Missouri. Started an ad tech company. Sold it for tonspic.twitter.com/jRbAFZDg8c

      1 reply 0 retweets 7 likes
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    3. Sam Parr  ⚪️‏ @theSamParr Feb 25
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      He then starts investing in art. He's a badass guy. Love him. Now has a top 100 art collection. But he's a businessman. And he noticed that the ROI of fine art, it's crazy good compared to other assets. Example: the top 100 most sold artists, only 2 went down in value.pic.twitter.com/9gyjTFfXka

      1 reply 1 retweet 7 likes
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    4. Sam Parr  ⚪️‏ @theSamParr Feb 25
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      So, Scott did something cool. He started Masterworks, which lets the average joe buy into art as an asset class. So, like buying into public companies stock, Masterworks is like that for art. U can buy a piece and make money when it sells, and the bet is that the returns r big.pic.twitter.com/fDzY8AyGWy

      1 reply 1 retweet 12 likes
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    5. Sam Parr  ⚪️‏ @theSamParr Feb 25
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      Here are some interesting stats. - On average, Basquiat is one of the best artists to own. - Their blue-chip investments make an 18% annual yield 95% of the time. - They've built this crazy system that factors in risk, future sale price...it's great.pic.twitter.com/p00qN0XuPU

      1 reply 1 retweet 12 likes
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    6. Sam Parr  ⚪️‏ @theSamParr Feb 25
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      - People spend $64 billion a year on fine art. The VAST majority of these sales are done for investments. - Banksy is not the best investment. maybe yields 8-9% a year. He's popular...but he's unpredictable. Maybe he'll shred your art!!pic.twitter.com/o9KUZkzySL

      1 reply 1 retweet 9 likes
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    7. Sam Parr  ⚪️‏ @theSamParr Feb 25
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      - George Condo and Kaws are the best living artists that you can buy on Masterworks when factoring in returns and risk. They out perform the stock market. When they die, it could increase big time. - Jonas Wood is the darling artist of the art investment worldpic.twitter.com/4H2zqvqL6k

      1 reply 1 retweet 9 likes
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    8. Sam Parr  ⚪️‏ @theSamParr Feb 25
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      To make all this happen @MasterworksIO built this amazing technology. Paintings as an asset is huge, multi billion dollar asset class. But unlike stocks, which have dozens of way to buy and sell, art pretty much only has Masterworks. So...SUPER cool company.pic.twitter.com/phuUeIDeYp

      3 replies 0 retweets 21 likes
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      Sam Parr  ⚪️‏ @theSamParr Feb 25
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      What do you guys think? You dig this business? Like Masterworks? I'm thinking about writing an ad for them for The Hustle. What should I say?

      3:41 PM - 25 Feb 2020
      • 38 Likes
      • Shane Andrew Wilkinson blank Matt Ortolani Tyler Sickmeyer Joe Seaman Landon Wall The Hustle
      10 replies 0 retweets 38 likes
        1. New conversation
        2. Sam Parr  ⚪️‏ @theSamParr Feb 25
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          Should we cover this on trends

          14 replies 0 retweets 43 likes
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        3. Sam Parr  ⚪️‏ @theSamParr May 5
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          UPDATE: I have a big update on this story. Coming soon.

          2 replies 0 retweets 15 likes
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        4. End of conversation
        1. james madiba‏ @jamesmadiba2 Feb 25
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          Replying to @theSamParr

          saw an interview 2 days ago with the guy heading this ....not very convincing.

          0 replies 0 retweets 1 like
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        1. Brandon Moore‏ @bk_moore Feb 25
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          Replying to @theSamParr

          Checked it out awhile back and was really impressed. Really like the idea of fractional ownership of collectibles. Dig what @OnRallyRd is doing as well. I think there are a lot opportunities here. You discussed collecting on the podcast recently and I was nodding along.

          0 replies 0 retweets 1 like
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        2. Michael‏ @mzchael_ Feb 25
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          Replying to @theSamParr

          Seems like they're not the only ones doing thishttps://www.withotis.com/ 

          1 reply 0 retweets 0 likes
        3. Alan Cassinelli‏ @alancassinelli Feb 25
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          Replying to @mzchael_ @theSamParr

          Cc @mikekarnj

          0 replies 0 retweets 1 like
        4. End of conversation
        1. Julio Radesca‏ @julioradesca Feb 25
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          Replying to @theSamParr

          Please do write, and then break down how you approached ad copywriting for it. 🙏

          0 replies 0 retweets 1 like
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        1. Curt‏ @iamCurdiB Feb 25
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          Replying to @theSamParr

          Coming from a financial marketing / sales background I can say I really love the way they deliver their story. Refreshing to see something this polished in such an interesting segment. Would read more.

          0 replies 0 retweets 0 likes
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        1. Dan Beasley‏ @dtbeasley Feb 25
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          Replying to @theSamParr

          I wouldn’t call it an investment but a mode of speculation. I saw one of these for racing horses recently. Very cool trend - democratization of assets that were previously only suitable for the super rich. Didn’t y’all already run an ad for them? I thought that’s how I signed up

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        1. GODSON MADU‏ @godsonmadu Feb 25
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          Replying to @theSamParr

          Go for it Sam

          0 replies 0 retweets 1 like
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