MASTERWORKS 149 LLC
OOTC:MWKXS16.00
USD
-1.10
(-6.43%)
ISIN
US57651F1084
CUSIP
57651F108
Return %
Stock
S&P 500
1Y
70.94
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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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
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- New York United States
- Similar Companies
- Business
- Masterworks 149, LLC is an art investment and asset-holding company that operates as a specialized single-asset vehicle designed to acquire, curate, hold, and commercially monetize blue-chip contemporary fine art. Formed in 2022 and headquartered in New York, New York, the company operates as a subsidiary of Masterworks, LLC, catering to retail, accredited, and institutional investors seeking fractionalized exposure to the global fine art market. Masterworks 149, LLC focuses exclusively on the ownership, preservation, and eventual disposition of an individual museum-grade artwork, offering investors direct equity participation in physical art assets without the operational complexities of sole ownership. The company provides a comprehensive suite of art-backed financial and holding services, including the securitization and fractionalization of high-value fine art into Class A ordinary shares; custody, insurance, and collection management services; secure physical storage in specialized, climate-controlled art repository facilities; provenance tracking, condition monitoring, and ongoing conservation; and the strategic marketing and sale of the underlying artwork through private gallery channels, international auction houses, and secondary market transactions. In addition, the company facilitates secondary market trading of its fractional equity shares via alternative trading systems and over-the-counter markets, providing liquidity infrastructure for art asset investors. In recent developments, Masterworks 149, LLC completed the initial qualification and public distribution of its Class A fractional shares pursuant to Regulation A under the Securities Act of 1933 and subsequently initiated public quotation of its shares on the OTC Markets under the ticker symbol MWKXS. The company has continued its operational mandate under the administration of Masterworks Administrative Services, LLC, focusing on active asset conservation, international art market valuation tracking, and the evaluation of private treaty and auction consignment opportunities for the eventual divestment of its fine art holding to maximize shareholder value.