MASTERWORKS 217 LLC
OOTC:MWRGS9.00
USD
-2.49
(-21.67%)
MASTERWORKS 217 LLC
OTC:MWRGS
(OTC Markets)
Recent
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9.00
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yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Masterworks 217, LLC is an art investment and asset securitization vehicle that acquires, holds, preserves, and manages high-value contemporary and blue-chip artwork for fractionalized investment. Founded in 2023 and headquartered in New York, New York, the company operates as a specialized subsidiary sponsored by Masterworks, LLC, catering to retail, accredited, and institutional investors seeking portfolio diversification through alternative tangible assets. The company engages in the purchase and securitization of investment-grade fine art under Regulation A of the Securities Act of 1933; the issuance, administration, and secondary market listing of Class A ordinary shares under the ticker symbol OTC:MWRGS; the maintenance, climate-controlled storage, insurance coverage, and exhibition management of physical art assets in secure domestic and international art storage facilities; and the eventual marketing, auctioning, and commercial disposition of its underlying artwork to optimize investor returns. In recent operational developments, Masterworks 217, LLC completed its Regulation A offering and public trading quotation on the OTC Markets, broadening liquidity channels via alternative trading systems. Additionally, the entity, alongside its management sponsor Masterworks Administrative Services, LLC, expanded institutional distribution channels, implemented enhanced custody and insurance partnerships with tier-one fine art insurers, and updated appraisal and secondary trading protocols across its asset holding framework over the past two years.