Masterworks Reviews 226

TrustScore 4.5 out of 5

4.5

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Review summary

Based on reviews, created with AI

Reviewers overwhelmingly had a great experience with this company. Customers consistently praise the staff for their helpfulness, knowledge, and professional approach, making the investment process smooth and easy to understand. Many people appreciate the clarity of the offerings and the overall user experience, finding the platform straightforward and engaging for investing in art. However, some customers have expressed dissatisfaction with the website's updated version, citing issues with legal jargon and difficulty navigating certain features. A few people also mentioned negative experiences with customer service, specifically regarding unhelpful communication and a lack of support when trying to sell investments.

What people talk about most

Staff

Users describe positive interactions with staff, highlighting their patience, helpfulness, and... See more

User experience

Clients share positive opinions on user experience, frequently highlighting the seamless and easy onboarding... See more

Product

Customers consistently note positive experiences with the product, highlighting the platform's unique... See more

Website

Consumers find the website experience to be ambiguous. While many praise its ease of access, straightforward... See more

Customer service

Reviewers highlight positive aspects of customer service. Customers consistently praise the patience,... See more

Based on these reviews

Rated 4 out of 5 stars

My experience in the past with the Masterworks website has been seamless and very straightforward. The updated version has taken a backward step with all the Legal Jargon etc al, that scrolling throug... See more

Rated 4 out of 5 stars

Very unique and interesting way to allow the layperson to invest in art work. Their fees are high - 1.5% annual and they keep 20% of the profits when the art sells. It is also difficult to find out... See more

Rated 4 out of 5 stars

Easy to understand, great onboarding and understanding. Purchase process wasn’t 100% as I didn’t get direct feedback on how to include a confirmation code. I still don’t know even though I did get... See more

Rated 4 out of 5 stars

I've been invested in Masterworks for nearly a year and though nothing in my portfolio has sold yet, it has been great to see/learn about the artworks offered. One sour note: I tried to redeem points... See more


Company details

Written by the company

Masterworks allows anyone to purchase and trade shares in iconic artworks, by artists like Monet, Warhol, and Picasso. Learn how to invest in high-end artworks and beat the S&P 500.


Contact info

4.5

Excellent

TrustScore 4.5 out of 5

226 reviews

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Hasn’t replied to negative reviews

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Rated 2 out of 5 stars

Unpleasant first contact

Yeah so, the lady who called me on the phone was hostile. She had little patience and seemed quickly annoyed with me and the fact that I wasn't used to her particular accent and had a hard time understanding her. As a beginner investor I'm not used to the lingo, and as I was unsure about what I should include in my portfolio estimation she didn't explain anything but told me with an angry tone of voice I should look it up on Google. I almost hung up out of embarassment. Then she told me I was going to be transfered to somebody else, but she didn't say why, and when I had that person on the line they asked and I didn't know what to tell them. The 2 guys I spoke with after that were okay, and eventually I got through the process.

June 14, 2023
Unprompted review
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Reply from Masterworks

Hi Benjamin - Thanks for your sharing your feedback. We apologize that your first impression was a bit unsettling, we're happy that our team was able to help you navigate the investment process. We are excited to have you as an investor.

Rated 5 out of 5 stars

Ease of use

Connor was pretty good in explaining what is required.

June 13, 2023
Unprompted review
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Reply from Masterworks

Thanks Mysore. We're excited to count you among our investors.

Rated 4 out of 5 stars

I received my answer quickly except I…

I received my answer quickly except I would have liked to add more beneficiaries

June 13, 2023
Unprompted review
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Reply from Masterworks

Mary - Thanks for your feedback. We're excited to to have you on the platform.

Rated 5 out of 5 stars

Clear descriptions and instructions…

Clear descriptions and instructions devoid of jargon. Helpful advice. Attention to fiduciary responsibilities especially with a neophyte art investor like myself.

June 5, 2023
Unprompted review
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Reply from Masterworks

We love to hear this, and we are thrilled to have you as an investor! Let us know how we can keep building your portfolio.

Rated 5 out of 5 stars

I had an exceptional experience with…Nick F.

I had an exceptional experience with the representative from Masterworks. Their assistance was not only helpful but also extremely detailed, which allowed me to gain a comprehensive understanding of arts investments and how they can effectively expand my portfolio. I was particularly impressed with their insights on the potential for higher returns compared to the S&P 500. Moreover, their emphasis on the importance of long-term holdings and the considerable gains it can lead to was truly enlightening. Overall, I feel well-informed and confident in my investment decisions thanks to their expertise and guidance. I highly recommend Masterworks to anyone looking to explore the world of arts investments.

June 7, 2023
Unprompted review
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Reply from Masterworks

Thank you for sharing. We love to hear this, and we are thrilled to have you as an investor!

Rated 2 out of 5 stars

Rude and condescending salesman

The onboarding phone call I had felt uncomfortable and condescending. I love the concept of the app, and have always had an urge to get involved in art to expand my portfolio as I get older. I was excited but after the phone call I felt pressured and deflated. I thought the purpose of the phone call was to just give me a rundown of the process and maybe explain more of the realities of buying shares of art. But it seemed more like a hard sale in the end as I was told I wouldn’t be accepted into the app unless I invested right then and there. I told the man I wanted to read and research more about the pieces available before I bought into one as I would with any other investment. He replied with “dude this is an investment for your wallet not your wall”. It was at that moment I decided to turn my 500 dollar initial investment into 100 basically to still be able to move forward, but also get off the phone without feeling like it was all a complete waste of my time. I’ll most likely take a different avenue moving forward with my art investments but I thought it was important to get my feedback to you. For the record I own one of the most popular coffee shops in Phoenix also a cocktail bar and mobile shop with an award winning social media presence. I don’t need to be lectured by anyone let alone a phone sales person.

May 26, 2023
Unprompted review
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Reply from Masterworks

Thank you for sharing your experience. We will be reaching out under separate cover to address your concerns.

Rated 5 out of 5 stars

Excellent

Very helpful in terms of his explanations/guidance and answered any queries I had.

May 25, 2023
Unprompted review
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Reply from Masterworks

We love to hear this! Thank you for sharing.

Rated 5 out of 5 stars

Highly professional

Honest, straightforward people. Very professional

May 23, 2023
Unprompted review
Masterworks logo

Reply from Masterworks

Great to hear this! We're thrilled to have you as an investor.

Rated 5 out of 5 stars

Excited

Onboarding was thoroughly explained and I felt welcome to be part of your team, thank you. Masterworks is a brilliant way to be part of the fascinating, artwork action.

May 23, 2023
Unprompted review
Masterworks logo

Reply from Masterworks

Thank you for sharing! We're thrilled to have you as an investor.

Rated 5 out of 5 stars

Smart Advisors

I originally thought the pre-investment "interview" might be a sales pitch in disguise, but it was not. Connor was very informative and yet didn't shy away from asking good questions to determine my interest and comprehension. BTW, I'm not a fine art expert.

May 22, 2023
Unprompted review
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Reply from Masterworks

We love to hear this! Thank you for sharing.

Rated 5 out of 5 stars

Simple and easy process

The team made my investing simple and easy. The technology worked great too.

May 18, 2023
Unprompted review
Masterworks logo

Reply from Masterworks

Thank you for this! We're thrilled to have you as an investor

Rated 4 out of 5 stars

Professional and expedient

Serge and Phil were both professional and friendly. The transaction was easy. Now, I am waiting for a return on my investment before I can provide feedback on how well the platform perfoms.

May 12, 2023
Unprompted review
Masterworks logo

Reply from Masterworks

We love to hear this! Let us know how we can continue to build your portfolio.

Rated 4 out of 5 stars

Everything was good.

Everything was great, the only thing I didn't like is the credit card/atm fee but I understand.

May 9, 2023
Unprompted review
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Reply from Masterworks

Thank you for your comments! We're thrilled to have you as an investor.

Rated 5 out of 5 stars

knowledge

knowledge, efficient reps.

May 12, 2023
Unprompted review
Masterworks logo

Reply from Masterworks

We love to hear this! We are thrilled to have you as an investor.

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