MASTERWORKS 224 LLC
OOTC:MTWAS8.50
USD
+0.05
(+0.59%)
MASTERWORKS 224 LLC
OTC:MTWAS
(OTC Markets)
Recent
price
8.50
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Masterworks 224, LLC is an alternative investment vehicle and special purpose acquisition entity sponsored by Masterworks, LLC, formed to acquire, hold, custody, and commercially monetize a dedicated artwork within the blue-chip fine art asset class. Founded in 2023 and headquartered in New York, New York, the company operates within the art securitization, asset management, and alternative finance sectors, catering to accredited and retail individual investors across the United States. Masterworks 224, LLC provides fractionalized equity products and specialized asset management services, consisting of Class A ordinary shares issued through Regulation A offerings; secondary market trading access on the OTC Markets under the ticker symbol MTWAS; dedicated fine art custody, climate-controlled warehousing, and specialized insurance administration; asset preservation, provenance tracking, and ongoing independent appraisal monitoring; and asset disposition management designed to execute the eventual third-party sale of the underlying artwork and distribute net capital proceeds to equity holders. The entity is externally managed and administered by affiliate Masterworks Administrative Services, LLC, which handles corporate governance, financial administration, and regulatory disclosures. In recent major developments, Masterworks 224, LLC completed platform-wide restructuring transactions designed to streamline standalone Delaware limited liability company operating structures into centralized Masterworks series entities, optimizing administrative efficiencies, transitioning regulatory reporting workflows with the U.S. Securities and Exchange Commission, and refining secondary market liquidity pathways for shareowners.