Investors select an Otis asset and acquire fractional interests that represents an indirect ownership interest in that asset. Otis handles all operational responsibilities of the asset including insurance, storage, maintenance, transportation, and custodianship.
When you purchase shares in an Otis offering, you invest in an LLC which owns a specific asset, such as a painting. If the value of that asset rises, so does the value of your shares. It is our goal to curate assets that will appreciate in value over time but there is no guarantee we will meet this objective.
There are three primary ways in which you may have liquidity.
We're developing a platform for you to buy/sell shares. It is our expectation that this system will be in place in 2020. There is currently no public trading market for our Interests, and an active market may not develop or be sustained.
While we intend to hold for the long-term, we will poll for your opinion whenever we receive a legitimate offer, and the net proceeds of any sale will be distributed pro-rata to you.
If we find the right opportunity to generate revenue from the asset (e.g. loaning the work for display), any cash flows will be distributed pro-rata to you.
Otis will host pop-ups and events where you can come to view your assets at our dedicated gallery space at 47 East 3rd Street, New York, NY.