Company Overview:

Masterworks is the only platform for investing in blue-chip, multi-million dollar artworks. “Contemporary art” (post-WWII) has outperformed the S&P by 150% since 1995. Prior to Masterworks, the only way to allocate to art was to purchase a multi-million dollar painting, making the asset class inaccessible for most investors. The company has over 200,000 investors signed up purchasing shares in primary offerings and trading shares in a secondary market.

Position Overview:

We are seeking a VP of Data Analytics to lead the development of quantitatively-based investment theses around specific art market sub-segments that will guide which paintings for Masterworks’ to purchase.

This role will own micro-level analysis into the art market by sub-segments, including artist, series, vintage, example-type, levels, as well as identifying/developing key evaluation metrics.

The role will examine what external factors contribute to price movements and buy/sell signals. The role will be a senior thought leader internally and will work closely with our art acquisitions team.

Responsibilities Overview:

We are seeking an experienced, high-performing individual who will use quantitative methods to understand art market appreciation and returns, thereby identifying buy/sell signals for particular artworks within the Masterworks’ investment portfolio.

  • Team Management:

    • 1-2 engineers

    • 1-2 statisticians / analysts

    • 5-10 data collection interns

  • Responsible for executing research projects to test specific hypotheses on what drives art market returns

  • Build models and reporting tools to help internal teams understand what segments of the art market are performing the best

  • Collaborate with our Chief Investment Officer on macro-and cross-asset analysis

Requirements and Preferred Experience:

  • 5-7 years+ experience in data analytics, investment analysis, economics, finance, and/or similar fields

  • Experience in studying art market structure and analysis

  • Experience with data science languages (R, Python)

  • Strong curiosity and interest around what drives returns in the art market

Measurements of Success in First 90 Days:

  • Complete hiring of the team

  • Identify 3-5 hypotheses from internal team members at Masterworks about what drives art market returns; create research projects

  • Identify new data types that need to be collected for analysis

Additional Requirements:

  • Must be able to work in the office in the NYC area

  • Must be eligible to work in the US – no exceptions.

Tagged as: AI, Analytics, C++, Data, Python, R

Source:

Job Overview
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