MASTERWORKS 187 LLC
OOTC:MWHTS4.75
USD
-1.65
(-25.78%)
MASTERWORKS 187 LLC
OTC:MWHTS
(OTC Markets)
Recent
price
4.75
P/E
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Masterworks 187, LLC is a specialized financial vehicle and alternative asset securitization company focused on acquiring, holding, managing, and monetizing blue-chip fine artwork for fractional equity ownership. Founded in 2022 and headquartered in New York, New York, the company operates as a Delaware limited liability company sponsored by Masterworks, LLC, with operational administration provided by Masterworks Administrative Services, LLC and acquisition sourcing conducted through Masterworks Gallery, LLC. The company specializes in the art investment and alternative asset segment of the financial services industry, catering to retail, high-net-worth, and institutional investors throughout the United States. The company provides a focused suite of asset-backed investment products and management services, including securitized fractional equity instruments in the form of Class A ordinary shares; direct title ownership and custodial holding of a primary high-value painting by contemporary abstract artist Stanley Whitney; fine art preservation, professional climate-controlled storage, and comprehensive asset insurance services; ongoing regulatory reporting, investor relations, and SEC compliance administration; and asset divestiture execution with liquidating net capital distributions to shareholders upon the eventual sale of the artwork. In recent developments, the company completed and closed its Regulation A Tier 2 offering, securing 777,000 dollars in capital to finalize the securitization and asset acquisition of the Stanley Whitney painting. Additionally, the company facilitated secondary market trading for investors under the OTC ticker symbol MWHTS, fulfilled statutory reporting requirements through recent Form 1-U and annual disclosures with the United States Securities and Exchange Commission, and completed its post-offering lifecycle filings via Form 1-Z termination documentation while maintaining ongoing custodial asset administration and shareholder governance.