MASTERWORKS 228 LLC
OOTC:MWKGS8.75
USD
-1.79
(-16.98%)
ISIN
US57651L1052
CUSIP
57651L105
Return %
Stock
S&P 500
1Y
-20.45
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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FRC
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in mil. unless spec.Company Description
- Sector
- Retail trade
- Industry
- Specialty stores
- Address
- New Year United States
- Similar Companies
- Business
- Masterworks 228, LLC is an alternative asset investment vehicle and special purpose entity organized to acquire, hold, curate, and monetize investment-grade fine art assets. Formed in 2022 and headquartered in New York, New York, the company operates as a sponsored issuing entity managed by Masterworks Administrative Services, LLC, an affiliate of art investment platform Masterworks, LLC. The company specializes in the securitization of blue-chip contemporary visual art to provide retail and institutional investors with fractional economic exposure to high-value cultural assets. Its core products and operational services encompass fractional equity securities representing proportionate beneficial interests in physical fine art; the direct acquisition, custody, specialized storage, conservation, and insurance of its underlying asset, the painting titled Under the Hazy Sky by Japanese contemporary artist Yoshitomo Nara; secondary market liquidity and trading facilitation via quotation on the Over-the-Counter markets; and comprehensive asset administration, including independent third-party appraisal coordination, periodic Net Asset Value determinations, and ongoing regulatory reporting under Regulation A of the Securities Act of 1933. Masterworks 228, LLC primarily targets self-directed retail investors, high-net-worth individuals, and wealth managers across the United States seeking portfolio diversification through alternative investments. In recent developments, the company completed its Regulation A Tier 2 public offering of up to 505,050 Class A ordinary shares at an initial issuance price of $20.00 per share, raising capital to fund the purchase and syndication of the underlying Nara artwork. Following the qualification and completion of the primary offering, the company established secondary market trading liquidity for its Class A shares under the OTC ticker symbol MWKGS. In addition, the company continues to maintain regular operational and financial disclosures with the U.S. Securities and Exchange Commission, executing periodic Form 1-U and annual Form 1-K filings to report fair value appraisal updates and estimated Net Asset Value per share adjustments.