Masterworks 132, LLC operates as a specialized art investment and asset securitization vehicle formed to acquire, hold, conserve, promote, and ultimately monetize a specific piece of blue-chip fine art. The company functions as a single-asset special purpose vehicle established under the sponsorship of Masterworks, LLC and managed by Masterworks Administrative Services, LLC. The company's core products and services include fractional fine art investment securities; issuance and administration of Regulation A Tier 2 qualified Class A ordinary shares; comprehensive art asset management, encompassing professional climate-controlled custodial storage, specialized transit, physical conservation, and commercial insurance; secondary market equity quotation via over-the-counter trading under the ticker symbol MSKFS; and long-term asset liquidation services, including appraisal tracking, private sale negotiations, auction consignment, and net proceeds distribution to shareholders upon asset disposition. The entity operates within the alternative asset and specialty finance sectors, serving retail, accredited, and institutional investors seeking fractional exposure to high-value contemporary art. Founded in 2022, Masterworks 132, LLC is headquartered in New York, New York, with custodial operations conducted in secure art depository facilities in the United States. In recent developments, the company completed the distribution of its Class A ordinary shares under Regulation A, facilitating secondary market trading on the OTC Pink market. Operationally, the company submitted its annual statutory disclosures on Form 1-K in April 2026, filed a current report on Form 1-U in May 2026, and lodged a Form 1-Z exit notification in June 2026 to streamline its periodic reporting obligations following the finalization of its securities offering. The entity maintains ongoing asset custody and market value surveillance under its administrative management agreement, preparing for future strategic disposition of its underlying artwork.