Roundup: The Brutal Machinations Behind Painter Amaoko Boafo’s Meteoric Rise
Rupa Bhattacharya

The Complex, Brutal Machinations Behind Painter Amaoko Boafo’s Meteoric Rise 

The must-read story of the week is Artnet’s delve into rising star Ghanaian artist Amoako Boafo’s meteoric rise in the last year

It’s an in-depth look at how the art-world sausage gets made (Paris Hilton, multiple jet-setting private dealers, astronomically wealthy collectors, and under-the-radar buyers working on behalf of the artist himself are all involved) and the complex, secretive dealings that go on behind the scenes in the secondary market

The story — set, as it has to be, against the art world’s ongoing grappling with its relationship to race — provides an eye-opening glimpse into the frenzy surrounding talented, young Black artists, and what happens when they lose control over their own work and legacy

The Backstory Podcast: Thirstin Howl the 3d Still Has Love for Lo

This week on The Backstory — our new podcast that talks to some of the world’s most exciting creators, cultural figures, collectors, and artists about the items and objects that motivate them — Sean and Dan sit down with rapper, entrepreneur, and co-founder of the legendary Lo Lifes crew Thirstin Howl the 3d, who breaks down the meaning and importance of Ralph Lauren to the ‘80s and ‘90s Brooklyn he grew up in. Listen here, or wherever you get podcasts.

Otis Magazine: Why Comic Books Might Soon Be a Thing of the Past

There have been rumbling for years about the febrile state of modern comic book economics, and like so many things in 2020, the COVID-19 pandemic cracked those anxieties wide open. Every day, diehards wake up to more news about comic shops boarding up shop permanently, emblematic of what the New York Times referred to as an "extinction-level event."  

As the industry scrambles to recoup some of their pandemic-era losses, the traditional single-issue floppy — the Socratic ideal of what a comic book is supposed to be — has been put in the crosshairs. Luke Winkie dives deep into the future of comic books, this week in Otis Magazine

Of Interest

• Are subcultures still possible in the age of the algorithm? 

• Comic Con LA is moving forward with an in-person iteration

• The sneaker world is in uproar about Nelly’s heeled Jordan 3

• How superheroes learned to be relevant.

• Pyer Moss’s first in-house sneaker gets a release date

• Four museums have now pushed back their planned Philip Guston shows because of sensitivity around the artist’s depictions of Klansmen, to almost-universal disappointment.

• How ‘80s comics shaped the modern Batman

• How can we pay for creativity in the digital age

News From the Otis Collection

• How Chris Gibbs and Union defeated sneaker bots with their Jordan 4 release

• Felipe Pantone’s Hennessy bottle design just won a Pentaward.

• Sotheby’s “Cult Canvas” auction featured the Pigeon Dunk and the 1985 AJ1 “Bred”.  

• Katherine Bernhardt’s corona-centric summer 2020 paintings are on view at Art Basel

• Works from Banksy, KAWS, and Supreme are going up for auction at London’s Bonhams.

OTIS WEALTH, INC. (“OTIS”) OPERATES THE WITHOTIS.COM WEBSITE (THE “SITE”) AND A MOBILE APP-BASED PLATFORM (THE “APP”), AND IS NOT A BROKER-DEALER OR INVESTMENT ADVISER. ALL SECURITIES-RELATED ACTIVITY IS CONDUCTED BY DALMORE GROUP, LLC (“DALMORE”), A REGISTERED BROKER-DEALER AND MEMBER OF FINRA AND SIPC, LOCATED AT 525 GREEN PLACE WOODMERE, NY 11598. YOU CAN REVIEW THE BROKERCHECK FOR DALMORE HERE. AN UP-TO-DATE DALMORE FORM CRS IS AVAILABLE HERE.
YOU SHOULD SPEAK WITH YOUR FINANCIAL ADVISOR, ACCOUNTANT AND/OR ATTORNEY WHEN EVALUATING ANY OFFERING. NEITHER OTIS, ITS AFFILIATED ISSUERS NOR DALMORE MAKES ANY RECOMMENDATIONS OR PROVIDES ADVICE ABOUT INVESTMENTS. THE SITE AND THE APP MAY MAKE FORWARD-LOOKING STATEMENTS. YOU SHOULD NOT RELY ON THESE STATEMENTS BUT SHOULD CAREFULLY EVALUATE THE OFFERING MATERIALS IN ASSESSING ANY INVESTMENT OPPORTUNITY, INCLUDING THE COMPLETE SET OF RISK FACTORS THAT ARE PROVIDED FOR YOUR CONSIDERATION.

OTIS GALLERY LLC (“GALLERY”) AND OTIS COLLECTION LLC (“COLLECTION”) ARE CONDUCTING PUBLIC OFFERINGS PURSUANT TO REGULATION A AND PRIVATE OFFERINGS PURSUANT TO REGULATION D UNDER THE SECURITIES ACT OF 1933, AS AMENDED, THROUGH THE APP. THE OFFERING CIRCULAR FOR GALLERY CAN BE FOUND HERE, AND THE OFFERING CIRCULAR FOR COLLECTION CAN BE FOUND HERE. THE PRIVATE PLACEMENT MEMORANDUM FOR ANY OFFERING CONDUCTED PURSUANT TO REGULATION D HAS BEEN OR WILL BE, AS APPLICABLE, DISTRIBUTED DIRECTLY TO INVESTORS. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. INVESTMENTS SUCH AS THOSE ON THE OTIS PLATFORM ARE SPECULATIVE AND INVOLVE SUBSTANTIAL RISKS TO CONSIDER BEFORE INVESTING, OUTLINED IN THE RESPECTIVE OFFERING MATERIALS AND INCLUDING, BUT NOT LIMITED TO, ILLIQUIDITY, LACK OF DIVERSIFICATION AND COMPLETE LOSS OF CAPITAL. KEY RISKS INCLUDE, BUT ARE NOT LIMITED TO, LIMITED OPERATING HISTORY, LIMITED DIVERSIFICATION, RISK OF ASSET DAMAGE OR THEFT AND LACK OF VOTING RIGHTS. ALSO, THE ADVERSE ECONOMIC EFFECTS OF THE COVID-19 PANDEMIC ARE UNKNOWN AND COULD MATERIALLY IMPACT THIS INVESTMENT. AN INVESTMENT IN AN OFFERING CONSTITUTES ONLY AN INVESTMENT IN A PARTICULAR SERIES AND NOT IN OTIS, GALLERY, COLLECTION OR THE UNDERLYING ASSET(S). INVESTORS SHOULD CAREFULLY REVIEW THE RISKS LOCATED IN THE RESPECTIVE OFFERING MATERIALS FOR A MORE COMPREHENSIVE DISCUSSION OF RISK.

INVESTMENT OVERVIEWS CONTAINED HEREIN CONTAIN SUMMARIES OF THE PURPOSE AND THE PRINCIPAL BUSINESS TERMS OF THE INVESTMENT OPPORTUNITIES. SUCH SUMMARIES ARE INTENDED FOR INFORMATIONAL PURPOSES ONLY AND DO NOT PURPORT TO BE COMPLETE, AND EACH IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO THE MORE-DETAILED DISCUSSIONS CONTAINED IN THE RESPECTIVE OFFERING CIRCULAR FILED WITH THE SECURITIES AND EXCHANGE COMMISSION (“SEC”) OR OTHER OFFERING MATERIALS RELATING TO SUCH INVESTMENT OPPORTUNITY.
FROM TIME TO TIME, AFFILIATES OF OTIS WILL SEEK TO QUALIFY ADDITIONAL SECURITIES UNDER REGULATION A. FOR OFFERINGS THAT HAVE NOT YET BEEN QUALIFIED, NO MONEY OR OTHER CONSIDERATION IS BEING SOLICITED AND, IF SENT IN RESPONSE, WILL NOT BE ACCEPTED. NO OFFER TO BUY SECURITIES CAN BE ACCEPTED, AND NO PART OF THE PURCHASE PRICE CAN BE RECEIVED, UNTIL AN OFFERING STATEMENT FILED WITH THE SEC HAS BEEN QUALIFIED BY THE SEC OR UNLESS AS STATED IN THE OFFERING MATERIALS RELATING TO AN INVESTMENT OPPORTUNITY, AS APPLICABLE. 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 BY THE SEC OR AS STATED IN THE OFFERING MATERIALS RELATING TO AN INVESTMENT OPPORTUNITY, AS APPLICABLE. AN INDICATION OF INTEREST INVOLVES NO OBLIGATION OR COMMITMENT OF ANY KIND.
OTIS DOES NOT OFFER REFUNDS AFTER AN INVESTMENT HAS BEEN MADE. PLEASE REVIEW THE RELEVANT OFFERING MATERIALS AND SUBSCRIPTION DOCUMENTATION FOR MORE INFORMATION.