MASTERWORKS 240 LLC
OOTC:MRWES6.80
USD
+1.11
(+19.51%)
ISIN
US57647M1009
CUSIP
57647M100
Return %
Stock
S&P 500
1Y
17.65
14.39
3Y
- -
81.42
5Y
- -
68.62
Capital Structure
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
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FRC
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in mil. unless spec.Company Description
- Sector
- Retail trade
- Industry
- Specialty stores
- Address
- New York United States
- Similar Companies
- Business
- Masterworks 240, LLC operates as a specialized art investment vehicle dedicated to acquiring, securitizing, and holding blue-chip fine art assets to provide institutional and retail investors with fractional ownership opportunities. Founded in 2023 and headquartered in New York, New York, the company operates within the alternative investment and asset securitization sector as an affiliate entity of Masterworks, LLC, with day-to-day operations and advisory functions administered by Masterworks Administrative Services, LLC. The company's primary business activity centers on the ownership and management of a single specific work of fine art: an untitled 1997 abstract oil-on-linen painting by American artist Stanley Whitney. The company offers securitized fractional equity interests through Class A ordinary shares; fine art custody, conservation, and physical storage administration; fine art specialized insurance and risk management services; exhibition, display, and artwork loan management; and secondary market liquidity facilitation via public quotation on the OTC Markets under the ticker symbol MRWES. The physical artwork asset is held via a segregated portfolio company structure, Masterworks Cayman, SPC, while executive, administrative, and distribution activities are conducted across North America. In recent developments, Masterworks 240, LLC completed its Regulation A Tier 2 qualified public offering, fully subscribing 72,350 Class A ordinary shares at a price of $20.00 per share to raise $1.447 million in aggregate gross proceeds, subsequent to which the securities commenced active over-the-counter trading. Furthermore, in May 2026, the company entered into a major strategic corporate reorganization and roll-up transaction designed to consolidate Masterworks 240, LLC into a series of a Delaware series limited liability company, transferring its underlying art assets, contractual obligations, and shareholder rights into a distinct series structure to enhance long-term administrative efficiency and portfolio management.