Everyone has their thing. Maybe yours is sneakers, or maybe it's contemporary art. Whatever it is, you get it — the value assigned to it, its cultural significance, why it matters. But more often than not, ownership of grails is out of the picture, whether because fewer than 100 were made, or because that six-figure price tag just doesn't work with your budget.
At Otis, we turn aficionados into shareholders. We believe in transparency, liquidity, and trusting your own gut. We're democratizing an otherwise closed market and making these alternative assets accessible. Invest in the things that you value, and whose value you understand and build a portfolio better suited to a museum than a stock ticker.
Investments in alternative assets are illiquid and loss of invested capital is possible. Please review risk factors on our website: https://withotis.com/.
All securities-related activity is conducted by North Capital Private Securities Corporation, a registered broker-dealer, and member FINRA, SIPC, located at 623 E Ft. Union Blvd, Suite 101, Salt Lake City, Utah 84047.
This week we’ve got under-the-hood updates for a better in-app experience, be safe everyone and stay indoors!
Ratings and ReviewsSee All
Intriguing but shady
As an art collector I was advertised this app. Intrigued to see if it was an auction site I downloaded and learned that is an entirely different beast. As much as I am intrigued by how this site would function... there is simply not enough information disclosed for me to spend money on it. They are implying that these investments as just that.. investments ... and as such they could eventually pay out, but there is not enough information (if any) disclosed to share with “investors” how and when they would pay out (if ever), at what rate, and whether or not investors had any say in the process. Likely whoever has the majority of shares (who bought the most) is the actual owner and can do what they please with the asset purchased to the detriment of other smaller investors. In theory creating a more approachable mutual fund focused on art commodities would make sense and be potentially lucrative but the devil is in the details and seemingly very little are disclosed. Be weary.
A new, intriguing model
Owning a portion of protected art assets is something that took my head a few turns to get around. Now this is the only model that I realize makes sense to grow communities and financial ops for artists long term. My art is far from being on here, but the biggest downside of your art’s demand growing is that your community and early / young fans can’t really benefit from that growth unless they own part or all of pieces... which by definition gets harder and harder. Don’t know if this is the app that cracks this, but it feels like the future.
Future of investing
This app brings to life such an interesting concept - purchasing shares in objects rooted in cultural significance that can increase in value. I love the way this works, and that I can support investments I am passionate about. The app itself is clean and sleek. I was impressed with the amount of information and due diligence provided by Otis on each investment. Can’t wait to start buying shares!
With Family Sharing set up, up to six family members can use this app.