MASTERWORKS 029 LLC
OOTC:MWRBS8.00
USD
-1.00
(-11.11%)
ISIN
US57651H1041
CUSIP
57651H104
Return %
Stock
S&P 500
1Y
-20.00
14.39
3Y
- -
81.42
5Y
- -
68.62
Capital Structure
FRC
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in mil. unless spec.Working Capital
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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 029, LLC is an alternative investment vehicle and art securitization company that acquires, holds, and manages blue-chip contemporary fine art assets for fractional ownership and secondary market investment. Founded in 2020 and headquartered in New York, New York, the company operates as a Delaware limited liability company sponsored and managed by Masterworks, LLC. The company categorizes its operations into fine art asset acquisition, asset securitization, and investment vehicle administration. Its core products and services include: Class A ordinary fractional equity shares representing proportional beneficial economic interests in high-value visual artworks; fine art custody, conservation, and physical storage services conducted within climate-controlled, museum-grade storage facilities; comprehensive fine art casualty and loss insurance management; secondary market trading access facilitated via the OTC Markets under the ticker symbol MWRBS and proprietary alternative trading systems; and shareholder administrative reporting, net asset valuation tracking, and capital distribution services upon asset disposition. Masterworks 029, LLC serves retail investors, accredited individuals, and institutional participants throughout the United States seeking portfolio diversification and alternative asset exposure without the capital requirements of direct fine art procurement. In recent developments, the company completed the public distribution of its Regulation A Tier 2 qualified securities offering and enabled secondary liquidity for its Class A shares on the OTC Markets under the ticker MWRBS. In addition, its manager, Masterworks Administrative Services, LLC, expanded continuous market-making integrations, secondary trading infrastructure, and active portfolio asset monitoring to evaluate potential private sales, institutional acquisition proposals, and asset liquidation pathways designed to maximize capital returns for Class A unitholders.