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.
- Trade: We're developing a platform for you to buy/sell shares.
- Asset Sale: 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.
- Cash Flows: 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.
There is currently no public trading market for our Interests, and an active market may not develop or be sustained. There is no guarantee that appropriate regulatory approval to permit such secondary trading will ever be obtained. If an active public trading market for our securities does not develop or is not sustained, it may be difficult or impossible for you to resell your shares at any price. Even if a public market does develop, the market price could decline below the amount you paid for your shares. Please refer to our offering circular for more details regarding potential distributions.