Matis is a French platform, based in Paris, for co-investing in major artworks by 19th and 20th-century artists such as Warhol, Basquiat and Kusama. It buys works priced between USD 500,000 and USD 5 million and lets private investors share in them. Since 2023 its members have invested in 102 works, 38 of which have been resold, and it has paid back EUR 34.2 million (as of 26 October 2026).
For each artwork a project company is created, and you invest by buying its convertible bonds, from EUR 20,000 per offer. Matis then hands the work to galleries that specialise in the artist, aiming to resell it within 24 months. When it is sold you get back your money plus any gain, after the gallery's commission, taxes and Matis's fees. Matis targets a yearly return of 15% to 20% after its fees, which it says is not guaranteed.
Matis publishes a dated track record. The 38 works resold so far returned 17.7% a year on average after all fees (IRR, each sale counted equally), or 15.5% in total over an average holding of 10.6 months (as of 26 October 2026). By year of purchase the yearly figure was 43.6% for 2023 (one sale), 14.1% for 2024 (20 sales), 19.0% for 2025 (12 sales) and 48.4% for 2026 (five sales held about four months; short holdings inflate yearly figures). These figures count only works already sold.
No loss figure is published, and the track record shows no sale at a loss. The returns above leave out the 64 works that are still unsold. Three of the four works bought in 2023 were still held after up to 40 months. So far investors have received 0.43 times the money they paid in, and 37% of capital has been repaid (26 October 2026). How the unsold works turn out is still unknown.
Your investment is not secured in the usual sense. For each artwork Matis sets up a project company that buys the work, and you buy convertible bonds issued by that company, so your money is tied to the value of one artwork. Matis says it checks each work's condition, certificate and provenance and arranges transport and insurance. There is no guarantee, buyback or reserve fund: the resale price and any gain are not guaranteed. You get money back only when a gallery sells the work. As of 26 October 2026, 64 of the 102 works financed since 2023 were still unsold, and no figure is published for what they are worth now or for any sale at a loss.
Matis is licensed by the French market regulator (AMF) as a European crowdfunding service provider, number FP-2023-19. It is also registered with the French banking supervisor (ACPR) as an agent of the payment institution Lemonway, number 731779. Its chief executive also founded the crowdfunding platform Anaxago and chairs the French crowdfunding federation.
Matis takes fees out of each sale, along with the gallery's commission and taxes, and its published returns are after these costs. The size of Matis's own fees is not published on its public pages (1 November 2026).
There is no secondary market described on the site. You wait until the gallery resells the work: Matis aims for 24 months, sold works were held 10.6 months on average, and the oldest offer still open was 40 months old on 26 October 2026.
Return: Very high, as sold works returned 17.7% a year on average after fees over 38 sales. Risk: High (higher means more risk), because no loss figure is published and that average leaves out the 64 of 102 works not yet sold. Risk-return: Low, since investors have so far received back only 0.43 times what they paid in.
License / Regulation: Licensed by the French market regulator (AMF) as a European crowdfunding service provider (PSFP), number FP-2023-19. Registered with the French banking supervisor (ACPR) in the register of financial agents as an agent of the payment institution Lemonway, REGAFI number 731779.
Yes. The French market regulator (AMF) licensed Matis as a crowdfunding service provider, number FP-2023-19. It is also registered with the ACPR as a Lemonway payment agent, number 731779.
Payments go through Lemonway, a French payment institution, for which Matis is a registered agent. Once invested, your money buys bonds of the company that owns the artwork.
Offers start at EUR 20,000 per artwork.
The 38 works resold returned 17.7% a year on average after fees (26 October 2026). No loss figure is published, and 64 of 102 works are still unsold, so the final result is unknown. Investors have received 0.43 times what they paid in so far.
Nothing beyond the artwork itself. You hold convertible bonds of a company that owns one work; there is no guarantee, buyback or reserve fund, and the resale price is not guaranteed.
No secondary market is described. You wait for the gallery to sell the work; Matis aims for 24 months, but the oldest open offer was 40 months old in October 2026.
Matis's fees, the gallery commission and taxes are deducted when a work is sold; the published returns are after them. The size of Matis's fees is not published on its public pages.
Each artwork belongs to its own project company, not to Matis, and your bonds are claims on that company. A failure of Matis could still delay the sale. No compensation scheme covers losses.
Works sold quickly give large yearly figures: the five 2026 sales, held about four months, show 48.4% a year. Over all 38 sales the average gain was 15.5% in total over 10.6 months.
