MASTERWORKS 015 LLC
OOTC:MSWIS13.75
USD
+0.85
(+6.59%)
MASTERWORKS 015 LLC
OTC:MSWIS
(OTC Markets)
Recent
price
13.75
P/E
ratio
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div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Masterworks 015, LLC is an alternative investment and art securitization vehicle organized to acquire, hold, manage, and eventually monetize a single high-value work of contemporary fine art. Formed in 2020 and headquartered in New York, New York, the company operates as a special purpose subsidiary of Masterworks, LLC, catering to retail, accredited, and institutional investors seeking fractional exposure to the blue-chip art market. The company owns title to the 2004 painting Monkey Poison by the street artist Banksy, which was acquired at auction in July 2020 for approximately $2.005 million. The company's primary products and services comprise: Class A ordinary shares issued under Regulation A of the Securities Act of 1933, representing fractional beneficial ownership interests in the underlying Banksy artwork; custodial and asset management services, including artwork authentication, temperature-controlled archival storage, comprehensive insurance coverage, and ongoing physical preservation; regulatory administration and investor reporting services, encompassing periodic filing of Form 1-K annual reports and Form 1-SA semiannual reports with the U.S. Securities and Exchange Commission; liquidity facilitation through quotation and secondary market trading enablement on alternative trading systems and OTC Markets under the ticker symbol MSWIS; and asset disposition management, including private sale marketing, auction placement, and liquidation distribution execution. In recent operational developments, Masterworks 015, LLC has maintained secondary market trading availability for its Class A shares on the OTC Markets platform and facilitated peer-to-peer liquidity through the proprietary Masterworks secondary bulletin board. The company has continued its periodic net asset value appraisal process, reporting updated estimated NAV disclosures across recent SEC filings, including an estimated NAV per share of $20.69 to reflect broader market trends in post-war and contemporary art valuations. Furthermore, the company and its parent entity, Masterworks Administrative Services, LLC, continue to evaluate selective commercial opportunities, exhibition loan requests, and market-driven acquisition inquiries from private collectors and institutional galleries as part of their broader exit strategy to maximize terminal investor returns.