MASTERWORKS 221 LLC
OOTC:MWKFS5.39
USD
0.00
(0.00%)
ISIN
US57648L1017
CUSIP
57648L101
Return %
Stock
S&P 500
1Y
-9.41
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Company Description
- Sector
- Finance
- Industry
- Financial conglomerates
- Address
- New York United States
- Similar Companies
- Business
- Masterworks 221, LLC is an alternative asset investment company established as a single-asset holding vehicle designed to acquire, curate, manage, and eventually monetize blue-chip fine art assets. Founded in 2022 and headquartered in New York, New York, the company operates as an investment issuer administered by Masterworks Administrative Services, LLC, an affiliate of Masterworks, LLC. The company operates within the art finance and fractional alternative investment sector, providing equity-based art exposure to retail and institutional investors primarily throughout the United States. Masterworks 221, LLC holds indirect legal title to its underlying asset through a dedicated segregated portfolio of Masterworks Cayman, SPC, with its sole material holding consisting of an original 2018 acrylic on canvas artwork from the celebrated Pumpkin series by acclaimed Japanese artist Yayoi Kusama. The company offers a systematic suite of investment vehicles and fine art asset services, comprising: fractionalized equity securities issuance structured as Class A ordinary shares publicly quoted under the ticker symbol MWKFS; blue-chip contemporary art procurement, authentication, and provenance verification; institutional museum-grade climate-controlled storage, physical conservation, and custodial management; comprehensive fine art property insurance and risk mitigation; secondary market liquidity enablement through alternative trading platform integrations; periodic Net Asset Value tracking, art market analytics, and regulatory financial reporting; and strategic artwork exhibition marketing, private deaccessioning negotiations, and public auction disposition execution designed to return net capital proceeds to shareholders upon asset sale. In recent corporate developments, Masterworks 221, LLC completed the final subscription closing of its Regulation A Tier 2 public securities offering, fully capitalizing its ownership of the underlying Yayoi Kusama artwork. Following the offering completion, the company facilitated secondary market quoting and trading of its Class A ordinary shares on the OTC Markets under the ticker MWKFS. Furthermore, the company established ongoing periodic valuation and financial reporting operations through regular Form 1-K and Form 1-U filings, and submitted a Form 1-Z exit filing with the U.S. Securities and Exchange Commission to formally conclude its public distribution period as it progresses into its multi-year holding, curation, and target divestment cycle.