Hi {{prospect_firstname}},

We were provided with your information from our partner, Investing.com, as someone seeking to learn more about art investing.

“Blue-chip” artwork (defined by the Artprice100® index of the top 100 artists, such as Picasso, Monet, Cezanne, and Warhol) has an average annual return of 8.9% since 2000, outperforming the S&P by more than 180%¹. The art asset class has low correlation to other asset classes. Citibank has done some research, which suggests allocating between 1.4 - 4.0% to art in certain investment portfolios.²

The recent volatility in the stock markets has contributed to more people considering alternative asset classes such as “blue-chip” art.³

If you’re unfamiliar with us, we are Masterworks, the first platform dedicated to offering investment opportunities in great works of art. Let us show you.

Do you have time to speak in the next few days?

Best regards,

Mike

MASTERWORKS

Michael Del Pozzo

Senior Vice President

Spring Studios, 6 St. Johns Ln., 7th Floor, NY, NY 10013

Mobile: +1 (845) 654-1050

A REGISTERED REPRESENTATIVE OF SDDco BROKERAGE ADVISORS, LLC MEMBER: FINRA/SIPC 485 MADISON AVE 15TH FLOOR, NEW YORK, NY 10022 T-212-751-4424 (SDDco-BA”). BROKERED SECURITIES ACTIVITIES AND OTHER BROKER-DEALER SERVICES CONDUCTED BY MASTERWORKS.IO ASSOCIATED PERSONNEL ARE CONDUCTED IN THEIR CAPACITIES AS REGISTERED REPRESENTATIVES OF SDDco-BA. MASTERWORKS.IO, ITS AFFILIATES AND OTHER RELATED PARTIES, AND SDDco-BA ARE INDEPENDENT, UNAFFILIATED ENTITIES.

WE ARE “TESTING THE WATERS” UNDER REGULATION A UNDER THE SECURITIES ACT OF 1933. WE WILL ONLY BE ABLE TO MAKE SALES AFTER WE HAVE FILED AN OFFERING STATEMENT WITH THE SECURITIES AND EXCHANGE COMMISSION (SEC) AND THE SEC HAS “QUALIFIED” THE OFFERING STATEMENT. YOU MUST READ THE DOCUMENTS FILED WITH THE SEC BEFORE INVESTING. FOR MORE INFORMATION, GO TO WWW.MASTERWORKS.IO/IMPORTANT DISCLOSURES.

¹ An investor cannot invest directly in the Artprice100 or the S&P 500 index. The Artprice100 and S&P 500 indexes are used for comparative modelling purposes only, each taking into account the relative weight and importance of their components. They are not investment vehicles. The timing of transactions, fees, expenses, and other management activities in an investment portfolio seeking similar or superior relative performance results can create significant differences between the performance of an investment and any benchmark index.

² Source: Citi Private Bank, Global Financial Database, April 2013

³ Past performance is no guarantee of future results. An investor can lose money. Diversification and asset allocation do not ensure a profit or guarantee against loss. Investment decisions should be based on an individual’s own goals, time horizon, and tolerance for risk. Masterworks, Sotheby’s Institute,

Masterworks, SDDco-BA, Investing.com, and Artprice, their respective affiliates and subsidiaries, are independent and not affiliated in any way.

The information contained herein is provided for informational and discussion purposes only and is not, and may not be relied on in any manner as legal, tax, or investment advice, or as an offer to sell or a solicitation of an offer to buy an interest in any security.

An exempt offering of securities will only be made pursuant to an offering circular or private placement memorandum and subscription documents (“Offering Documents”), which will be furnished to qualified investors prior to accepting payment for an offering. The information contained herein will be qualified in its entirety by reference to the Offering Documents, and any other agreements and documents referred to therein, which contain additional information about the investment objective, terms, risks, and conditions of an investment. Nothing contained herein shall be deemed to be binding against, or to create any obligations or commitment on the part of, any potential investor, the offering sponsors, or the respective affiliates. No person has been authorized to give any information or make any representation or warranty regarding the subject matter hereof, either express or implied, and, if given or made on the Masterworks website, in other materials, or verbally, such information, representation, or warranty cannot and should not be relied upon, nor is any representation or warranty made as to the accuracy, content, suitability, or completeness of the information, analysis, or conclusions, or any information furnished in connection herewith.

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A message from our founder, Scott Lynn

Hi,

Welcome to Masterworks! You’ve joined a growing community of more than 12,000 individuals and investment advisors who, like you, appreciate the value of investing in great works of art.

I started Masterworks to allow anyone to invest in great, multi-million dollar paintings. Historically, the art world has been controlled by a very few number of collectors—usually ultra-wealthy individuals who have come to own some of history’s most important objects. For the first time, Masterworks now makes it possible for everyone to own and invest in these great works of art.

We fundamentally believe that art should be a component of every investor’s portfolio (similar to real estate, private equity, or other alternative asset classes). And over time, we hope that those investors will ultimately convert to knowledgeable collectors supporting living artists and the art industry overall.

Here’s what you can expect from us:

To get started, just click on the link below to view our offerings. On behalf of our team, we look to working with you

Scott Lynn, Founder and CEO

We are “testing the waters” under Regulation A under the Securities Act of 1933. This process allows companies to determine whether there may be interest in an eventual offering of its securities. We are not under any obligation to make an offering under Regulation A. We may choose to make an offering to some, but not all, of the people who indicate an interest in investing, and that offering might not be made under Regulation A. If we go ahead with an offering, we will only be able to make sales after we have filed an offering statement with the Securities and Exchange Commission (SEC) and the SEC has “qualified” the offering statement. The information in that offering statement will be more complete than the information we are providing now, and could differ in important ways. You must read the documents filed with the SEC before investing.

No money or other consideration is being solicited, and if sent in response, will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the Offering Statement filed by the company with the SEC has been qualified by the SEC. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification.

An indication of interest involves no obligation or commitment of any kind.

By using this website, you accept our Terms of Use and Privacy Policy. Any person interested in investing in any masterworks offering should review our disclosures and the publicly filed offering statement relating to that offering, a copy of which will be available on this website.

After the offering statement has been publicly filed you may obtain a copy of the preliminary offering circular that is part of that offering statement at www.masterworks.io.

Masterworks is not registered, licensed or supervised as a broker dealer or investment adviser by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services.

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Masterworks does not offer refunds after an investment has been made. Please review our subscription agreement for more information.