MASTERWORKS 088 LLC
OOTC:MWQFS10.75
USD
-1.00
(-8.51%)
ISIN
US57655A1051
CUSIP
57655A105
Return %
Stock
S&P 500
1Y
70.63
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
- Finance
- Industry
- Financial conglomerates
- Address
- New York United States
- Similar Companies
- Business
- Masterworks 088, LLC operates as an alternative art investment vehicle formed to acquire, hold, promote, and eventually dispose of a specific blue-chip artwork. Founded in 2021 and headquartered in New York, New York, the company is an affiliated issuer of Masterworks, LLC and is managed by Masterworks Administrative Services, LLC. Masterworks 088, LLC provides fractionalized equity ownership in high-value fine art by issuing and administering Class A ordinary shares of beneficial interest, which trade over-the-counter on the OTC Markets under the ticker symbol MWQFS. The company's principal asset and underlying investment is the 1985 oil on canvas painting titled Abstraktes Bild (576-2) by German contemporary artist Gerhard Richter, acquired at auction for approximately $15.43 million. The company's core operations and services comprise: fractionalized fine art equity securitization under Regulation A Tier 2 of the Securities Act of 1933; professional custodial oversight, climate-controlled specialized storage, and all-risk fine art insurance coverage; art preservation, authentication, and condition monitoring; institutional loan administration and museum exhibition management; secondary market trading facilitation for retail and accredited investors seeking liquidity; and the future marketing, negotiated private sale, or public auction consignment of the underlying artwork to distribute net liquidation proceeds to shareholders. Masterworks 088, LLC serves individual, high-net-worth, and institutional investors throughout the United States and qualified international jurisdictions seeking uncorrelated capital appreciation through physical artwork assets. In recent developments, Masterworks 088, LLC continues to support active secondary trading on the OTC Markets platform and regularly reports financial and asset assessments through Form 1-U and Form 1-K filings with the U.S. Securities and Exchange Commission, including updated net asset value estimations reflecting contemporary art market valuation indices and ongoing market monitoring by its manager for opportunistic divestment avenues.