MASTERWORKS 241 LLC
OOTC:MWKKS6.90
USD
+2.20
(+46.81%)
ISIN
US57647N1081
CUSIP
57647N108
Return %
Stock
S&P 500
1Y
- -
14.39
3Y
- -
81.42
5Y
- -
68.62
Capital Structure
FRC
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in mil. unless spec.Working Capital
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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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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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 241, LLC is an alternative asset investment company that specializes in the acquisition, securitization, fractionalization, custody, and eventual disposition of high-value contemporary fine art. The company operates as a special purpose vehicle formed to acquire, hold, conserve, insure, and manage a single underlying visual artwork asset, specifically the 2019 painting titled xTxrxexexsx by contemporary artist Nicolas Party, which was acquired for approximately 1.74 million dollars. Masterworks 241, LLC provides retail, accredited, and institutional investors with direct fractional equity exposure to blue-chip artwork through the issuance and administration of Class A ordinary shares under Regulation A of the Securities Act of 1933. The company’s core offerings and operations encompass the issuance and management of fractionalized Class A membership interests; the physical custody, archival storage, climate-controlled warehousing, security, and specialized insurance coverage for its underlying artwork; the facilitation of secondary-market share transfers and liquidity on the over-the-counter market; ongoing asset-level appraisal, net asset value calculation, and investor reporting; and the promotion, exhibition management, and ultimate commercial marketing and sale of the underlying painting to maximize proceeds for shareholders. The company’s administrative and management functions are provided by its affiliate, Masterworks Administrative Services, LLC, a subsidiary of Masterworks, LLC. Founded in January 2023, Masterworks 241, LLC is headquartered in New York, New York, United States. In recent developments, the company completed its initial public qualification and public offering under Regulation A Tier 2, raising up to 1.935 million dollars through the sale of 96,750 Class A shares at an offering price of 20.00 dollars per share. Following the closing of its primary offering, the company established secondary market trading for its Class A shares on the OTC Grey Market under the ticker symbol MWKKS. Masterworks 241, LLC updated its principal executive offices to One World Trade Center in New York, maintained active compliance filings with the U.S. Securities and Exchange Commission, and initiated recurring net asset value reporting via Form 1-U filings, including an estimated net asset value of 18.21 dollars per Class A share. The company continues to maintain its custodial and insurance framework for the underlying Nicolas Party painting while its administrator actively tracks global art market conditions and private sales benchmarks to evaluate future liquidity and divestment opportunities.