MASTERWORKS 175 LLC
OOTC:MWQOS5.50
USD
-0.90
(-14.06%)
ISIN
US5759321087
CUSIP
575932108
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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
- Finance
- Industry
- Financial conglomerates
- Address
- New York United States
- Similar Companies
- Business
- Masterworks 175, LLC operates as a specialized art investment vehicle and asset management company established to acquire, hold, and securitize high-value contemporary fine art. The company provides fractional art equity ownership; Class A ordinary shares offering economic exposure to fine art; asset custody, insurance, and preservation management; and secondary market transaction administration. Its primary underlying asset consists of an original 2011 painting by acclaimed American contemporary artist Stanley Whitney, held indirectly through the 175 segregated portfolio of Masterworks Cayman, SPC. Masterworks 175, LLC serves retail, accredited, and institutional investors across the United States seeking alternative asset class diversification without the requirements of physical art acquisition and maintenance. Day-to-day operations, asset appraisal, and administrative oversight are conducted by its affiliate, Masterworks Administrative Services, LLC, under the sponsorship of parent entity Masterworks, LLC. Founded on July 5, 2022, the company is incorporated in Delaware and headquartered in New York, New York. In recent operational developments, Masterworks 175, LLC completed the final closing of its fully subscribed Regulation A Tier 2 public offering, issuing 40,800 Class A ordinary shares at an offering price of $20.00 per share to raise $816,000 in aggregate gross capital. Following the completion of the primary offering, the company initiated quotation of its Class A ordinary shares on the Over-the-Counter Grey Market under the ticker symbol MWQOS, providing an external secondary market liquidity mechanism alongside the proprietary Masterworks trading platform. The company continues to maintain active regulatory reporting compliance with the U.S. Securities and Exchange Commission, oversee periodic Net Asset Value appraisals, and manage secure custodial storage for the underlying artwork asset pending strategic sale and distribution of net proceeds.