MASTERWORKS 117 LLC
OOTC:MWRZS10.00
USD
-2.00
(-16.67%)
ISIN
US57643H1059
CUSIP
57643H105
Return %
Stock
S&P 500
1Y
0.10
14.39
3Y
- -
81.42
5Y
- -
68.62
Capital Structure
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in mil. unless spec.Company Description
- Sector
- Finance
- Industry
- Financial conglomerates
- Address
- New York United States
- Similar Companies
- Business
- Masterworks 117, LLC is a specialized art investment vehicle formed to acquire, hold, conserve, and eventually monetize a single specific blue-chip artwork created by American artist Jean-Michel Basquiat. Founded in 2022 and headquartered in New York, New York, the company operates as a manager-managed subsidiary under the Masterworks platform, with Masterworks Administrative Services, LLC serving as its administrator. The company operates within the alternative asset securitization sector, providing retail and accredited investors with fractional economic exposure to high-value fine art through SEC-qualified Regulation A Tier 2 offerings. The company's core products and operational services include fractionalized Class A limited liability company ownership interests; professional artwork custody, physical storage, and climate-controlled preservation; comprehensive fine art insurance coverage and risk management; art curation, promotional activities, and institutional museum loan facilitation; periodic portfolio valuation, investor reporting, and estimated Net Asset Value per share assessments; secondary market trading access via over-the-counter public quotations under the ticker MWRZS; and commercial negotiation, private sale execution, and net proceed distribution services upon ultimate asset liquidation. In recent developments, Masterworks 117, LLC completed its initial Regulation A public offering to fund the multimillion-dollar acquisition of the underlying Basquiat painting and facilitated secondary market liquidity for its Class A shares on the OTC Pink market. The company continues to maintain ongoing Tier 2 compliance and public disclosures with the U.S. Securities and Exchange Commission, publishing updated semi-annual financial reports and Net Asset Value adjustments while monitoring global contemporary art market benchmarks and private sales channels for opportunistic asset disposition.