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.
While we intend to hold and manage all assets for up to 5-10 years, we are currently developing a secondary market whereby investors will be able to buy/sell their shares. The ability to buy/sell will be open to investors soon after each asset drop and on a recurring basis. It is our expectation that this system will be in place in 2020.
In addition, we may choose to sell the underlying asset in its entirety at any time. Any proceeds from the sale will be distributed subject to the details set forth in our offering circular.