MASTERWORKS 216 LLC
OOTC:MWCMS7.60
USD
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ISIN
US57641G1094
CUSIP
57641G109
Return %
Stock
S&P 500
1Y
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14.20
3Y
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81.12
5Y
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68.34
Capital Structure
FRC
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in mil. unless spec.Company Description
- Sector
- Retail trade
- Industry
- Specialty stores
- Address
- New York United States
- Similar Companies
- Business
- Masterworks 216, LLC is an alternative asset investment vehicle established to acquire, hold, and potentially monetize an investment-grade contemporary artwork, specifically an original 2019 acrylic on canvas painting created by celebrated contemporary artist Brian Donnelly, professionally known as KAWS. Headquartered in New York, New York, and organized as a Delaware limited liability company on October 17, 2022, the company functions as a sponsored special-purpose issuer under the broader art securitization and investment management platform Masterworks, LLC, with day-to-day administration overseen by Masterworks Administrative Services, LLC. The company operates within the specialized alternative investment and fine art securitization sector, serving self-directed retail, high-net-worth, and institutional investors seeking portfolio diversification through non-correlated tangible assets in the United States. Masterworks 216, LLC primarily provides fractional equity participation in blue-chip fine art; Class A ordinary shares issued pursuant to Tier 2 of Regulation A under the Securities Act of 1933; comprehensive asset custody, specialized fine-art insurance, secure climate-controlled storage, and conservation management; investor transparency and continuous regulatory compliance reporting; and future capital return distributions upon the eventual secondary sale or private liquidation of the held artwork. In recent developments, the company completed the qualification and distribution of its Regulation A offering and transitioned to secondary market availability, with its Class A ordinary shares quoted on the OTC Markets Grey Market under the ticker symbol MWCMS. Furthermore, within the last one to two years, Masterworks 216, LLC has maintained its ongoing SEC reporting compliance through regular Form 1-K annual and Form 1-SA semiannual disclosures and advanced corporate restructuring initiatives orchestrated by its parent sponsor to transition standalone single-purpose LLC entities into a centralized Delaware series limited liability company framework, designed to optimize operational efficiencies, administrative oversight, and regulatory scale while preserving identical underlying economic interests, capitalization structures, and governance rights for shareholders.