MASTERWORKS 085 LLC LTD
OOTC:MWKES10.00
USD
0.00
(0.00%)
ISIN
US57654W1080
CUSIP
57654W108
Return %
Stock
S&P 500
1Y
8.70
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
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in mil. unless spec.Company Description
- Sector
- Finance
- Industry
- Financial conglomerates
- Address
- New York United States
- Similar Companies
- Business
- MASTERWORKS 085 LLC LTD, operating as Masterworks 085, LLC, is an art investment and asset-holding vehicle established to acquire, manage, and facilitate fractional equity investment in blue-chip fine art. Founded on October 21, 2021, and headquartered in New York, New York, the company operates as a specialized subsidiary vehicle sponsored by Masterworks.io, LLC and administered by Masterworks Administrative Services, LLC. The company's primary asset is a single work of art, an oil on canvas painting created in 1969 by Pablo Picasso titled L'Homme à la pipe from his celebrated Musketeer series, acquired for approximately 15.43 million dollars. Masterworks 085, LLC operates through specialized alternative investment and asset management segments; offering Class A ordinary shares representing fractional beneficial ownership interests in the underlying artwork; custodial, storage, and conservation services in specialized art storage facilities; fine art insurance coverage; provenance verification and exhibition management; and asset monetization services aimed at generating capital appreciation through the eventual private sale or auction disposition of the underlying painting. The company primarily serves retail, high-net-worth, and institutional investors across the United States seeking portfolio diversification and exposure to post-war and contemporary art. In recent developments, the company completed its initial public offering qualification under Regulation A (Tier 2) with the U.S. Securities and Exchange Commission, subsequently enabling secondary market trading of its Class A shares on the OTC Markets under the ticker symbol MWKES. Masterworks 085, LLC continues to execute its operational mandate under Masterworks Administrative Services, LLC, fulfilling ongoing periodic reporting requirements including Form 1-K annual filings and Form 1-U disclosures, while maintaining custody, insurance, and market valuation tracking for the underlying Picasso asset pending strategic liquidation.