MASTERWORKS 005 LLC
OOTC:MRWGS13.90
USD
+1.90
(+15.83%)
ISIN
US57642E1038
CUSIP
57642E103
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- Sector
- Distribution services
- Industry
- Food distributors
- Address
- New York United States
- Similar Companies
- Business
- Masterworks 005, LLC is a specialized art investment holding company that acquires, manages, and holds individual works of blue-chip contemporary and post-war fine art for investment purposes. The company operates as a special purpose vehicle sponsored and administered by Masterworks.io, LLC, designed to provide investors with fractionalized equity ownership in high-value physical artwork. The company’s primary asset and product offering consists of Class A ordinary shares representing beneficial ownership in the 1974 figurative oil-on-canvas painting titled Maxine by renowned American artist Alex Katz; fractionalized art securities issued under Regulation A (Tier 2) of the Securities Act of 1933; professional artwork custody, conservation, climate-controlled storage, and comprehensive fine art insurance management conducted through Masterworks Gallery, LLC; secondary trading market facilitation through alternative trading systems and over-the-counter channels; and asset disposition services focused on executing private treaty sales or major auction consignments to realize capital appreciation and distribute net liquidation proceeds to unit holders. Masterworks 005, LLC caters to individual retail investors, accredited investors, wealth managers, and institutional market participants seeking portfolio diversification through alternative tangible assets and uncorrelated art market exposure. In recent developments, Masterworks 005, LLC continues to support secondary market liquidity for its Class A shares under the OTC ticker symbol MRWGS, allowing public quotation and peer-to-peer share transfers prior to final artwork sale; maintains ongoing regulatory compliance and disclosure through regular semi-annual and current reporting with the U.S. Securities and Exchange Commission; and operates within Masterworks’ upgraded centralized administrative framework to streamline asset tracking, valuation appraisals, and strategic marketing initiatives aimed at maximizing returns upon the eventual negotiated divestiture of the underlying painting. Masterworks 005, LLC was formed in May 2020 under the laws of the State of Delaware and is headquartered in New York, New York, United States.