MASTERWORKS 264 LLC
OOTC:MWPNS4.50
USD
-0.50
(-10.00%)
ISIN
US57649P1012
CUSIP
57649P101
Return %
Stock
S&P 500
1Y
- -
14.39
3Y
- -
81.42
5Y
- -
68.62
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
FRC
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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
- Financial conglomerates
- Address
- New York United States
- Similar Companies
- Business
- Masterworks 264, LLC operates as an art investment and securitization vehicle focused on acquiring, holding, managing, and monetizing a single blue-chip visual art asset for fractional ownership. Founded in 2023 and headquartered in New York, New York, the company operates as a segregated special purpose vehicle sponsored and managed by Masterworks Administrative Services, LLC, a subsidiary of Masterworks, LLC. The company operates within the alternative asset management and specialty finance sectors, targeting both individual and institutional investors throughout the United States seeking fractional equity exposure to high-value fine art assets. The company offers specialized fractional art investment products and associated asset management services, which include; Class A ordinary shares representing fractional beneficial ownership in the underlying blue-chip fine art asset; secure, climate-controlled custodial art storage and preservation services through accredited international art storage facilities; comprehensive fine art insurance coverage, appraisal administration, and condition monitoring; shareholder administration, transfer agent facilitation, and investor financial reporting; and secondary market liquidity support via Alternative Trading System (ATS) platforms and over-the-counter quotation under the ticker symbol MWPNS. In recent developments, Masterworks 264, LLC completed its Regulation A Tier 2 offering qualified by the U.S. Securities and Exchange Commission, successfully securing the required capital to fund the acquisition and administrative operations of its underlying art asset. Following the close of the primary offering, the company facilitated secondary trading access for its Class A shares on OTC Markets under the ticker symbol MWPNS. In addition, the company established ongoing custodial preservation agreements and integrated the asset into the Masterworks acquisition and disposition tracking framework, through which its administrative committee continuously evaluates global auction results and private art market transactions to execute an opportunistic sale of the artwork for shareholder distribution.