MASTERWORKS 124 LLC
OOTC:MWOMS5.00
USD
-0.50
(-9.09%)
ISIN
US57646J1088
CUSIP
57646J108
Return %
Stock
S&P 500
1Y
-41.18
14.39
3Y
- -
81.42
5Y
- -
68.62
Capital Structure
FRC
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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 York United States
- Similar Companies
- Business
- Masterworks 124, LLC is an alternative asset investment vehicle and special purpose company formed to facilitate fractional ownership, securitization, and investment management in high-value contemporary fine art. Founded in February 2022 and headquartered in New York, New York, the company operates as an issuer under Regulation A of the Securities Act of 1933 and is sponsored and managed by Masterworks Administrative Services, LLC, an affiliate of Masterworks, LLC. The company focuses exclusively on the acquisition, custodial preservation, display, value optimization, and ultimate commercial disposition of blue-chip artwork. Its primary product and service offerings comprise fractionalized equity interests; Class A ordinary shares representing indirect fractional ownership in the 1983 oil-on-canvas painting "Blue Quiver" by renowned British Op Art artist Bridget Riley; asset curation and acquisition services; specialized storage, archival preservation, and fine art insurance administration; investor relations and SEC regulatory reporting; and secondary market liquidity enablement for retail and institutional investors via secondary trading platforms and over-the-counter markets under the ticker symbol MWOMS. In recent company developments, Masterworks 124, LLC successfully completed its qualified public offering of 166,500 Class A ordinary shares, raising aggregate gross proceeds of approximately $3.33 million to fully fund the acquisition of its underlying Bridget Riley masterwork and related organizational true-up allocations. Furthermore, the company updated its principal executive offices to One World Trade Center in New York City and initiated a corporate restructuring plan to roll up its assets, liabilities, and contractual rights into a consolidated Delaware series limited liability company architecture, optimizing administrative overhead, enhancing operational scale, and preserving identical economic and proportional equity rights for existing shareholders.