MASTERWORKS 089 LLC
OOTC:MKSKS19.70
USD
+2.20
(+12.57%)
ISIN
US57655E1073
CUSIP
57655E107
Return %
Stock
S&P 500
1Y
- -
13.14
3Y
- -
80.78
5Y
- -
67.74
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- Sector
- Finance
- Industry
- Financial conglomerates
- Address
- New York United States
- Similar Companies
- Business
- Masterworks 089, LLC is an alternative investment vehicle and asset-holding company that operates as a specialized art securitization entity sponsored by Masterworks, LLC. The company focuses on acquiring, holding, managing, and ultimately divesting a single high-value, blue-chip visual art asset, specifically the 1976 painting titled Mineral Kingdom by renowned American abstract expressionist artist Helen Frankenthaler. Masterworks 089, LLC enables individual and institutional investors to gain fractional exposure to fine art through securitized equity interests. The company offers fractional art ownership through Class A ordinary shares; artwork curation and custodial management services; physical preservation, insurance, and professional climate-controlled storage solutions; regulatory compliance and reporting services under SEC Regulation A; and liquidity facilitation via over-the-counter and alternative trading secondary markets. In recent operational developments, Masterworks 089, LLC facilitated secondary market trading of its Class A shares under the OTC ticker symbol MKSKS, expanding market liquidity and price discovery for retail and accredited market participants. The entity has maintained regular regulatory disclosures through SEC Form 1-K annual filings and Form 1-U current reports to update investors on asset valuation, holding performance, and administrative updates. Additionally, Masterworks 089, LLC continues to execute its multi-year asset management strategy in partnership with Masterworks Administrative Services, LLC and Masterworks Gallery, LLC, actively monitoring the global fine art auction and private-sale markets for opportunistic long-term liquidation and capital distribution opportunities. Founded in 2021 and headquartered in New York, New York, Masterworks 089, LLC operates as a subsidiary of the broader Masterworks art investment platform and serves investors across the United States.