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Welcome to The Austin Newsletter!

In today’s edition:

• Low-income housing opens in renovated hotel.

• Joey Logano criticizes Austin Dillon after wreck.

• A deep-dive into the life of Franklin Rosemont.

• And more…

Quote of the Week

“Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do.” 

–Pele

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Through COVID, soaring inflation, and today’s crushing interest rates, a group of enterprising investors have collectively entrusted one billion dollars from their portfolios to Masterworks’ art investing platform.

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These investors didn’t need art expertise to diversify with blue-chip art, because Masterworks does all the heavy lifting, finding artists with appreciation potential (buying <3% of works offered) and then breaking an art offering into shares for you. If Masterworks sells a piece again for a profit, investors get a return. With 3 illustrative sales, Masterworks investors have realized net annualized returns of +17.6%, +17.8%, and +21.5%.

With 65,000+ investors, offerings can sell out quickly. Luckily, you can get priority access here.

Past performance is not indicative of future returns. Investment involves risk.

Disclosures:

The content is not intended to provide legal, tax, or investment advice.

No money is being solicited or will be accepted until the offering statement for a particular offering has been qualified by the SEC. Offers may be revoked at any time. Contacting Masterworks involves no commitment or obligation.

Contemporary art data based on repeat-sales index of historical Post-War & Contemporary Art market prices from 1995 to 2023, developed by Masterworks. There are significant limitations to comparative asset class data. Indices are unmanaged and a Masterworks investor cannot invest directly in an index. 

Net proceeds distributed back represents the total liquidation proceeds distributed back to investors, net of all fees, expenses and proceeds reinvested in Masterworks offerings, of all works Masterworks has exited to date.

See important Reg A disclosures at masterworks.com/cd.

Trivia

Here is your trivia question of the week. The answer will be shown in next week’s newsletter. Which do you think it is? No cheating!

What is the name of the historic district in Austin, known for its meticulously preserved Victorian homes and lush gardens?

A) Pemberton Heights

B) Hyde Park

C) Clarksville

D) Old West Austin

Answer to Last Week's Trivia:

The landmark that is a massive dome-shaped rock formation popular among hikers and climbers is C) Enchanted Rock.

News

💼Business

123-unit, low-income housing community to open in renovated former Northwest Austin hotel. (link)

Austin's CrowdStrike facing class action lawsuit over outage that snarled global travel. (link)

🏒Sports

NASCAR star Joey Logano unleashes on Austin Dillon over 'chicken s---' wreck on final lap. (link)

Women’s sports are having a big year; Austin taps into it as local basketball league starts 20th season. (link)

🏦Finance

Bitcoin mining company Core Scientific in line for extra $2B in revenue for computing power. (link)

Upcoming Events

Here are some events that are happening in our city this week. There is a good mix between sports, entertainment, conferences, concerts, and more.

Sports

🐂 PBR Gambler Days at Moody Center
2001 Robert Dedman Dr, Austin, TX
Saturday, Aug 24th | 5:00 pm | (more info)

Music & Concerts

🎤 Bobby Rush
Antone's Nightclub, Austin, TX
Thursday, Aug 22nd | 8:00 PM | (more info)

🎸 Marca MP
Austin City Limits Live at The Moody Theater, Austin, TX
Friday, Aug 23rd | 8:00 PM | (more info)

🎸 Eric Gales (21+ Event)
305 E 5th St., Austin, TX
Tuesday, August 27th | (more info)

Family

🎪 Hideout Kids
617 Congress Ave., Austin, TX
Sunday, August 25th | (more info)

Image of the Week

Every week, I have a habit of making some AI art about our city.

This week, I typed in “Austin celebrating a futuristic holiday with unique traditions” and this is what I got.

Let me know what ideas you have for this. I really enjoy making these types of photos.

Austin Historical Events

1961 - Lanier High School opens.

In 1961, Lanier High School opened its doors to students in Austin, Texas, marking a significant milestone in the city's educational history. The school was established to serve the growing population of Austin and provide quality education to its students. With a focus on academic excellence, Lanier High School quickly became a cornerstone of the community, offering a wide range of educational opportunities and extracurricular activities for its students.

The opening of Lanier High School in 1961 was a momentous occasion for the local community, as it represented a commitment to providing accessible and inclusive education to all students in Austin. The school's dedication to fostering a supportive and enriching learning environment contributed to its reputation as a leading educational institution in the region. Over the years, Lanier High School has continued to uphold its legacy of academic achievement and community engagement, making it an integral part of Austin's educational landscape.

Today, Lanier High School stands as a testament to the enduring impact of its founding in 1961, with a proud tradition of excellence in education and a strong sense of community spirit. The school's commitment to nurturing the next generation of leaders and scholars has solidified its place as a cherished institution in Austin, embodying the values of knowledge, growth, and opportunity for all.

Famous People From Austin

Franklin Rosemont (1943–2009) - Poet, artist, and co-founder of the Chicago Surrealist Group

Franklin Rosemont was an American poet, artist, historian, street speaker, and co-founder of the Chicago Surrealist Group. He was born in Chicago, Illinois, to Henry, a typographer and labor activist, and Sally, a jazz musician. In 1960, he dropped out of Proviso East High School, Maywood, Illinois, but was admitted to Roosevelt University in Chicago in 1962, studying under African-American scholar St. Clair Drake. Rosemont's life and career were marked by his dedication to poetry, art, and radical politics, leaving a lasting impact on the surrealist movement and the cultural landscape of Chicago.

Franklin Rosemont: A Life of Surrealism and Activism (1943-1960)

• Born in Chicago, Illinois, to Henry, a typographer and labor activist, and Sally, a jazz musician.

• Dropped out of Proviso East High School in 1960 but was admitted to Roosevelt University in Chicago in 1962, studying under African-American scholar St. Clair Drake.

• The Chicago Surrealist Group and Radical Politics (1960s-1970s)

• Co-founded the Chicago Surrealist Group, which combined art and poetry with radical politics.

• Joined the Industrial Workers of the World (IWW), a leftist trade group, at a young age, adopting a faith from which he never wavered.

Poetry, Art, and Cultural Impact (1960s-2000s)

• Celebrated poet, artist, and historian known for his dedication to surrealism and activism.

• Published works such as "Joe Hill" and "The Morning of a Machine Gun," leaving a significant mark on the surrealist movement.

• Legacy and Influence (2009 and Beyond)

• Franklin Rosemont passed away in 2009, leaving behind a legacy as a leading figure in the surrealist movement and an influential poet and artist.

• His work continues to inspire and influence the cultural and artistic landscape of Chicago and beyond.

Key Achievements of Franklin Rosemont:

• Co-founder of the Chicago Surrealist Group, blending art, poetry, and radical politics.

• Celebrated poet, artist, and historian dedicated to surrealism and activism.

• Published works such as "Joe Hill" and "The Morning of a Machine Gun," leaving a significant mark on the surrealist movement.

Franklin Rosemont's life and career were marked by his dedication to surrealism, poetry, and radical politics, leaving a lasting impact on the surrealist movement and the cultural landscape of Chicago. His work continues to inspire and influence the artistic and cultural community, cementing his legacy as a leading figure in the surrealist movement.

Connect With Me

If you want to connect, reply to this email and let me know what you think.

I would love to hear from you. Don’t be shy.

-Matthew Larsen

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