MASTERWORKS 248 LLC
OOTC:MWKTS5.00
USD
-0.40
(-7.41%)
ISIN
US57647X1063
CUSIP
57647X106
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Company Description
- Sector
- Technology services
- Industry
- Packaged software
- Address
- New York United States
- Similar Companies
- Business
- Masterworks 248, LLC operates as a specialized art investment company established to acquire, hold, and monetize a single blue-chip fine artwork on behalf of individual and institutional investors. The company functions as a special purpose vehicle sponsored and managed by Masterworks, LLC, democratizing alternative asset ownership by securitizing high-value fine art into fractional equity shares. Masterworks 248, LLC offers a comprehensive suite of structured art investment services, including fractional Class A ordinary share issuances qualified under Regulation A Tier 2; custodial, professional storage, and conservation management of fine art in secure art storage facilities; comprehensive fine art insurance and provenance tracking; periodic appraisal and asset valuation reporting; and secondary market liquidity facilitation through alternative trading platforms and OTC Markets quotation under the ticker symbol MWKTS. The company primarily serves retail investors, high-net-worth individuals, and wealth management accounts across the United States seeking portfolio diversification via uncorrelated alternative assets. Founded in 2023 and headquartered in New York, New York, the company operates under the administrative management of Masterworks Administrative Services, LLC and Masterworks Gallery, LLC. In recent operational developments, Masterworks 248, LLC completed its public share offering under Regulation A to finance the acquisition and custody of its underlying artwork. The company subsequently secured public quotation on the OTC Markets under the symbol MWKTS to provide enhanced secondary market trading accessibility for shareholders. Furthermore, Masterworks 248, LLC has integrated with the broader Masterworks secondary trading ecosystem and expanded its ongoing investor disclosure framework, while actively maintaining long-term asset monitoring and market evaluation protocols to assess future sale opportunities for the underlying piece.