Will Masterworks turn out to be a scam in 2023?
17
174
330
resolved Jan 1
Resolved
NO

Established Titles was on all the youtube channels and then turned out to be a scam.

Resolves to YES if there is a mass Youtuber exodus apologizing for being affiliated but NO if this doesn't happen. This is mostly due to laziness.

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Scam in the sense of 'steals user money'? Probably not. Scam in the sense of 'not a good place to invest your money, won't offer good returns long-term, tricking unsophisticated / stupid people into throwing their money away? Most likely

@Sinclair do you know something we don't know? 😁

predicted YES

@julia no, I'm just skeptical of a finance product that advertises via influencers so much, and became more skeptical after watching this video

predicted NO

Masterworks is regulated by the SEC. I have gotten paid out by them before. Seems pretty unlikely.

This is an interesting question, but I think it might help to have clearer resolution criteria. What would constitute a scam here? If they deceived clients about something (say, claimed to have a better balance sheet than they really did) but their business model is more or less what they said it was, would that be a scam? Or do they need to be lying about their business model to count as a scam? What if they just fail spectacularly despite high-flown promises?

@akrasiac I think if there's a similar exodus of youtubers dropping them as a sponsor, like what happened with Established Titles, then definitely the market will resolve to YES. I guess otherwise, I would look for reports of people trying to take their money out and not being able to?

I guess if they're a Ponzi scheme and they fund the owners of painting X that want out by signing up more new subscribers, I won't actually be able to tell using this method. Definitely open to more suggestions!

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