MASTERWORKS 097 LLC
OOTC:MSRKS9.40
USD
+1.30
(+16.05%)
MASTERWORKS 097 LLC
OTC:MSRKS
(OTC Markets)
Recent
price
9.40
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Masterworks 097, LLC is an alternative asset investment vehicle and special purpose entity formed to acquire, hold, manage, and ultimately divest a single blue-chip fine artwork. Founded on February 9, 2022, and headquartered in New York, New York, the company operates as a subsidiary vehicle sponsored by Masterworks, LLC, with day-to-day administrative, custodial, and operational functions managed by Masterworks Administrative Services, LLC. The company's primary business activity centers on securitizing high-value contemporary and post-war fine art to offer retail and accredited institutional investors fractional exposure to artwork appreciation. The company's core products and services encompass fractional art investment securities, featuring Class A ordinary shares qualified under Regulation A of the Securities Act; single-artwork asset holding and custodial solutions, primarily structured through a segregated portfolio of a Cayman Islands segregated portfolio company; comprehensive artwork preservation and storage management, covering climate-controlled fine art warehousing, commercial insurance coverage, restoration oversight, and physical inspection protocols; secondary liquidity facilitation, providing investors with secondary market quote visibility under the ticker symbol OTC:MSRKS; and terminal asset disposition services, overseeing the marketing, auction consignment, or private sale of the underlying artwork with subsequent distribution of net proceeds to shareholders. The company's sole underlying asset is the painting Red Gold (2015) by Japanese contemporary artist Yayoi Kusama, initially acquired for an aggregate purchase price of seven million dollars. In terms of recent operational and strategic developments, Masterworks 097, LLC continues to execute its ongoing asset management and regulatory reporting framework under Tier 2 Regulation A requirements, regularly filing annual Form 1-K, semi-annual Form 1-SA, and current Form 1-U reports with the U.S. Securities and Exchange Commission. Recent filings include updated periodic appraisals and Net Asset Value calculations for its Class A shares to reflect prevailing market dynamics in the global post-war and contemporary art sectors. Additionally, the company's shares have maintained secondary market quotation on the OTC Markets and integration into diversified alternative investment vehicles, including specialty asset funds such as Stone Ridge Trust alternative portfolio allocations, while Masterworks Administrative Services, LLC continues active monitoring of global auction and private sales channels to identify optimal divestment opportunities for the underlying artwork.