MASTERWORKS 104 LLC
OOTC:MWRYS7.40
USD
0.00
(0.00%)
ISIN
US57642L1070
CUSIP
57642L107
Return %
Stock
S&P 500
1Y
-17.78
14.39
3Y
- -
81.42
5Y
- -
68.62
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 104, LLC is a specialized art investment and asset-holding vehicle established to provide retail and institutional investors with fractionalized equity ownership in blue-chip contemporary fine art. Founded in 2022 and headquartered in New York, New York, the company operates as a manager-managed entity sponsored by Masterworks, LLC, functioning under Regulation A Tier 2 of the Securities Act. Masterworks 104, LLC focuses exclusively on the acquisition, custodial maintenance, promotion, and strategic divestment of a single high-value work of art, specifically the 1999 painting "Yaxchilan" by internationally recognized Japanese contemporary artist Yayoi Kusama. The company's core products and services comprise fractional equity securities, issuing and administering Class A ordinary membership interests that enable securitized participation in fine art capital appreciation; specialized art custodial and preservation operations, encompassing secure, museum-grade climate-controlled storage, all-risk physical damage insurance, periodic physical condition inspections, and provenance tracking; institutional exhibition and loan administration, coordinating potential artwork displays and museum loans to premier cultural institutions to enhance global visibility and market value; secondary market liquidity facilitation, supporting share trading through the proprietary Masterworks alternative trading system and public over-the-counter quotation; and asset disposition management, monitoring international contemporary art auction and private transaction markets to execute the strategic sale of the underlying painting and distribute net cash proceeds to unitholders. In recent developments, Masterworks 104, LLC expanded trading accessibility by enabling secondary market quotation of its Class A ordinary shares on the OTC Markets under the ticker symbol MWRYS. The entity continues its regulatory compliance and operational execution through standard SEC periodic reporting, while benefiting from parent company Masterworks, LLC's ongoing infrastructure upgrades across secondary trading facilities, institutional collector networks, and custodial monitoring technologies.