MASTERWORKS 278 LLC
OOTC:MMBQS5.00
USD
-1.00
(-16.67%)
ISIN
US57650G1076
CUSIP
57650G107
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
•
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 278, LLC is an alternative asset investment vehicle and special purpose entity established to facilitate fractional ownership in investment-grade blue-chip fine art. The company operates within the art securitization and asset management sector, focusing on acquiring, holding, curating, and eventually liquidating a specific high-value artwork for the benefit of its shareholders. Masterworks 278, LLC provides investor access to securitized fine art through its primary offering of Class A ordinary shares, registered under Regulation A of the Securities Act of 1933; alternative investment products facilitating secondary market liquidity; comprehensive art management solutions encompassing professional art storage, climate-controlled preservation, global logistics, and fine art insurance; curatorial and exhibition coordination services aimed at enhancing artwork provenance; and asset disposition and liquidation services designed to maximize shareholder returns upon the eventual sale of the underlying artwork through private treaty sales or international auction houses. The company serves individual retail investors, accredited investors, wealth management advisory clients, and institutional market participants across the United States. In recent developments, Masterworks 278, LLC expanded investor liquidity channels by facilitating the quotation and trading of its Class A ordinary shares on the over-the-counter secondary market under the ticker symbol MMBQS. The company continues to operate under the administrative and advisory oversight of its sponsor and manager, Masterworks Administrative Services, LLC, and Masterworks Gallery, LLC, which oversee continuous portfolio surveillance, periodic independent fair-market asset valuations, SEC compliance reporting, and the ongoing execution of its long-term asset monetization and divestment strategy. Masterworks 278, LLC was founded in 2023 and is headquartered in New York, New York.