MASTERWORKS 079 LLC
OOTC:MWOOS6.85
USD
-0.90
(-11.61%)
ISIN
US57654M1009
CUSIP
57654M100
Return %
Stock
S&P 500
1Y
-2.14
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- Sector
- Retail trade
- Industry
- Specialty stores
- Address
- New York United States
- Similar Companies
- Business
- Masterworks 079, LLC is an alternative investment vehicle that operates as a single-asset holding company organized to provide fractional equity exposure to blue-chip contemporary fine art. Founded in 2021 and headquartered in New York, New York, the company is a sponsored entity of art investment platform Masterworks, LLC, operating within the specialized asset management and financial services sector. The company was formed to acquire, hold, conserve, insure, display, and eventually dispose of a designated high-value artwork in order to achieve long-term capital appreciation and distribute net liquidation proceeds to shareholders. The company's core products and operational services comprise fractionalized Class A ordinary share offerings, representing proportional equity ownership in its sole acquired asset, an original painting titled Evening Glow (1995) by internationally recognized Japanese contemporary artist Yayoi Kusama; physical asset stewardship and custodial services, including specialized, climate-controlled art storage, condition monitoring, and transit logistics; comprehensive fine art insurance underwriting protecting the asset against damage, theft, and physical loss; art lending, promotional, and museum exhibition placement services designed to enhance asset visibility, provenance, and market valuation; secondary market trading access facilitating share transfers on the Over-the-Counter (OTC) market under the ticker symbol MWOOS; and administrative and compliance management provided by affiliate Masterworks Administrative Services, LLC, encompassing corporate governance, SEC disclosure filings, asset valuation tracking, and ultimate shareholder distribution processing. Masterworks 079, LLC serves retail, accredited, and institutional investors throughout the United States seeking portfolio diversification through physical art assets without the operational burdens of sole ownership. In recent corporate and operational developments, the company has maintained its listing and secondary liquidity on the OTC Grey Market under ticker MWOOS, adhering to ongoing reporting obligations under Tier 2 of Regulation A promulgated by the U.S. Securities and Exchange Commission. Through its designated manager, the company continues to oversee the preservation and valuation of the Kusama artwork while actively monitoring global gallery and auction market liquidity to execute an opportunistic private or public sale and subsequent full entity liquidation.