Assess their risks, liquidity, investments, returns, timeframes and other terms
Invest in fractionalized fine wine collections and rare spirits
Invest in multimillion-dollar art shares
The minimum investment required on Mintus for art investment opportunities is $3,000, with investment amounts typically ranging from $15,000 to $100,000.
Investing with Vint carries inherent risks, including market volatility and economic fluctuations that can impact the value of wine and spirits collections. The lack of a secondary market further increases risk by limiting early exit opportunities for investors.
Investing in Mintus carries risks such as market volatility affecting art values, limited liquidity options until the secondary market launches, potential regulatory changes impacting investment practices, operational challenges, and the subjective nature of art valuation.
Vint currently does not offer a secondary market for the trading of interests in its wine and spirits collections, which means that investors generally lack immediate liquidity options.
Mintus plans to introduce a secondary market feature, which is currently marked as "coming soon". This future addition aims to enhance liquidity by allowing investors to sell their shares in artworks to other users, although it's not yet available.
Vint has achieved a net annualized return of 28.7%, calculated from realized exits of its investment offerings, reflecting the aggregate average performance of the platform's assets under management.
Mintus targets an 8.9% annual growth rate for investments, though actual returns may vary due to market conditions and art performance.
Vint's investment time horizon for its collections spans 1 to 3 years on average.
Investments through Mintus generally have a long-term horizon, often spanning several years, due to the nature of art appreciation and market trends. Exact duration may vary based on specific artworks and market conditions, with potential for earlier liquidity once the secondary market is introduced.
Investment opportunities with Vint are open to accredited investors, who must satisfy certain SEC-mandated financial criteria.
Mintus allows both individual investors and institutions to invest in artworks. Individual investors need to qualify as "high net worth individuals", "sophisticated investors", or "accredited investors" and pass an appropriateness assessment. Institutions like wealth managers and family offices should contact Mintus directly for specific investment options.
The wine and spirits market experiences volatility, which can lead to rapid changes in the value of Vint's collections.
The volatility of assets on Mintus, consisting of high-value artworks, is influenced by art market dynamics, economic factors, and the unique characteristics of each piece, such as rarity and provenance. These elements can cause fluctuations in art valuations, making them inherently volatile investments that require careful consideration.
Vint adheres to SEC regulations by providing offering circulars for public investment and undergoes regular audits to maintain financial transparency and regulatory compliance.
Mintus is authorized and regulated by the Financial Conduct Authority (FCA) in the UK. This regulatory oversight ensures Mintus meets strict standards for investor protection, transparency, and market integrity, although specific audit details are not mentioned.
Vint's investment assets are professionally stored and fully insured, with a strategic focus on location, primarily in the UK and additional facilities in the US, to align with potential sale markets.
Details on insurance for artworks on Mintus are not explicitly mentioned. Typically, art investment platforms secure artworks against risks like damage or theft through insurance.
Vint does not issue regular dividends; returns are generated from the sale of assets at a gain.
Mintus does not offer traditional dividends. Instead, investors gain returns through the appreciation and eventual sale of the artworks, receiving profits based on their share ownership.
Investors receive funds from Vint after a collection is sold and proceeds are distributed, less any applicable fees.
Investors on Mintus receive their returns after the sale of an artwork, with profits made available in their wallet. They can then choose to withdraw these funds to a bank account or reinvest in other artworks on the platform.
Vint applies a transaction fee of 2.85% on both the purchase and sale of wine shares, encompassing costs for acquisition, storage, insurance, and selling. Additionally, there is a spread fee of 1.5% applied to the transactions of wine shares.
Fees on Mintus vary by artwork and investment structure, with all fees shown in advance in the Memorandum document available for each opportunity.
After a collection sale, Vint issues pro-rata proceeds to shareholders and provides a 1099-DIV for tax reporting, prioritizing the settlement of any liabilities first.
Mintus notes that artworks don't generate income while held, so tax implications mainly stem from capital gains upon sale.