MASTERWORKS 059 LLC
OOTC:MWZFS8.90
USD
+0.50
(+5.95%)
ISIN
US57652C1045
CUSIP
57652C104
Return %
Stock
S&P 500
1Y
11.25
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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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 059, LLC is an alternative asset investment vehicle and special purpose company formed to acquire, hold, conserve, and ultimately divest a single high-value work of contemporary fine art. Founded in 2021 and headquartered in New York, New York, the entity operates under the sponsorship and administration of Masterworks Administrative Services, LLC, a subsidiary of Masterworks, LLC. Masterworks 059, LLC provides fractional economic exposure to the post-war and contemporary art market for retail and institutional investors by securitizing artwork into publicly tradable Class A ordinary shares qualified under Regulation A of the U.S. Securities Act and quoted on the OTC Markets under the ticker symbol MWZFS. The company's core asset portfolio and primary business activities encompass the custody, governance, and commercial management of Untitled (1984), an acrylic on canvas artwork executed by American artist Keith Haring. Its systematic operational offerings include fractional equity securitization and investor servicing; fine art preservation, framing, and climate-controlled archival storage; commercial and specialized fine art casualty insurance procurement; museum exhibition, loan, and gallery display coordination; and ongoing art market surveillance, valuation tracking, and asset disposition execution designed to liquidate the underlying artwork upon favorable market conditions to distribute net proceeds to shareholders. In recent operational and structural developments, Masterworks 059, LLC initiated a corporate roll-up transaction in May 2026, transferring the entity's underlying assets, contractual rights, and operational obligations into a segregated series of a Delaware series limited liability company structure to enhance administrative scalability and long-term portfolio governance. In addition, the manager established an updated estimated net asset value (NAV) of $17.05 per Class A ordinary share as of year-end December 31, 2025, reflecting contemporary appraisal benchmarks for Keith Haring works while maintaining active asset monitoring and OTC secondary market trading.