MASTERWORKS 116 LLC
OOTC:MWMBS7.50
USD
+2.00
(+36.36%)
ISIN
US57643D1046
CUSIP
57643D104
Return %
Stock
S&P 500
1Y
3.45
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
- Commercial services
- Industry
- Miscellaneous commercial services
- Address
- New York United States
- Similar Companies
- Business
- Masterworks 116, LLC is an alternative investment vehicle and specialized asset securitization company based in New York, New York. Formed in February 2022 as a Delaware limited liability company, the entity operates as a single-asset special purpose vehicle established to acquire, custody, maintain, promote, and eventually divest a specific investment-grade work of fine art. The company's primary offerings and core services include Class A ordinary shares providing fractional beneficial ownership and direct economic exposure to the contemporary mixed-media canvas artwork titled xPxrxoxmxixsxex xLxaxnxdx (2012) by acclaimed American contemporary artist Mark Bradford; specialized art asset management and custodial services, comprising climate-controlled secure vault storage, museum-grade insurance coverage, periodic condition reporting, and physical preservation oversight administered via Masterworks Administrative Services, LLC; institutional loan, exhibition, and gallery promotional facilitation aimed at enhancing artist recognition and long-term asset value; and capital distribution and liquidation services upon the commercial disposition of the underlying painting. Masterworks 116, LLC serves retail, high-net-worth, and institutional investors throughout the United States and internationally, with its principal executive offices located in New York, New York, and its underlying physical asset secured in specialized domestic fine-art storage facilities. The entity operates under the management of its administrator, Masterworks Administrative Services, LLC, a subsidiary of parent company Masterworks.io, LLC, with legal title to the artwork held within a segregated portfolio of Masterworks Cayman SPC. In recent developments, Masterworks 116, LLC concluded its Regulation A Tier 2 public offering of Class A shares to capitalize the underlying artwork acquisition; facilitated secondary market trading accessibility for its equity securities on alternative trading systems under the over-the-counter ticker symbol MWMBS; maintained ongoing public reporting compliance through periodic Form 1-K annual and Form 1-SA semiannual disclosures filed with the U.S. Securities and Exchange Commission; and actively expanded its ongoing market monitoring, appraisal benchmarking, and collector engagement initiatives to track institutional gallery demand and evaluate optimal private sale or auction exit opportunities.