MASTERWORKS 219 LLC
OOTC:MWQAS6.00
USD
-0.50
(-7.69%)
ISIN
US57647J1079
CUSIP
57647J107
Return %
Stock
S&P 500
1Y
- -
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 219, LLC is an alternative investment vehicle and specialty asset holding company that provides retail and institutional investors with fractional economic exposure to blue-chip contemporary fine art. Founded in 2022 and headquartered in New York, New York, the company operates as a manager-managed special purpose vehicle sponsored and administered by Masterworks, LLC. The company’s core business activity centers on the acquisition, physical preservation, insurance, administrative custody, promotion, and eventual commercial disposition of a specific fine art asset. Its principal products and services encompass fractional equity ownership interests offered via Class A ordinary shares representing economic rights in Keith Haring's 1984 painting Untitled; comprehensive asset administration, including climate-controlled fine art storage, risk management, appraisal monitoring, and fine art insurance; investor relation and reporting services pursuant to public disclosure standards; and promotional management aimed at preserving cultural provenance and maximizing eventual liquidity upon third-party sale. In recent company developments, Masterworks 219, LLC acquired the underlying 1984 Keith Haring painting in a privately negotiated transaction for 3.81 million dollars, qualified a Tier 2 Regulation A offering through the U.S. Securities and Exchange Commission to issue up to 211,450 Class A ordinary shares at an offering price of 20.00 dollars per share, and commenced secondary trading quotation on the OTC Markets under the ticker symbol MWQAS. The company continues its management arrangement with Masterworks Administrative Services, LLC to handle operational upkeep, governance, and long-term asset divestment execution.