MASTERWORKS 257 LLC
OOTC:YPZAS7.00
USD
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ISIN
US57649G1013
CUSIP
57649G101
Return %
Stock
S&P 500
1Y
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14.20
3Y
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81.12
5Y
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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
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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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in mil. unless spec.Company Description
- Address
- United States
- Similar Companies
- Business
- Masterworks 257, LLC operates as a specialized art investment holding company designed to facilitate fractional ownership in high-value contemporary fine art. Founded in 2023 and headquartered in New York, New York, the company functions as a single-asset special purpose vehicle formed by Masterworks, LLC to acquire, hold, manage, custody, promote, and eventually monetize a single painting created in 2003 by renowned contemporary artist Yayoi Kusama. Masterworks 257, LLC operates within the alternative asset management and art securitization industry, serving individual and institutional investors across the United States. The company's core product and service offerings comprise fractional equity securities, consisting of Class A ordinary shares offered pursuant to Regulation A Tier 2 under the Securities Act of 1933 and quoted on the OTC Markets under the ticker symbol YPZAS; comprehensive artwork administration and custodial oversight, executed via its affiliate and manager Masterworks Administrative Services, LLC to provide specialized art storage, insurance, preservation, and exhibition management; asset holding infrastructure through its subsidiary, the 257 segregated portfolio of Masterworks Cayman, SPC; and investor reporting services, comprising periodic U.S. Securities and Exchange Commission disclosures, independent art market appraisals, and regular net asset value per share calculations. In recent operational developments, Masterworks 257, LLC successfully completed its initial public offering in June 2023 after reaching its maximum subscription target of 33,600 Class A shares at 20.00 dollars per share, raising an aggregate of 672,000 dollars in gross proceeds. Following the offering's final closing, the company initiated secondary market trading for its Class A shares under the OTC ticker symbol YPZAS to provide investor liquidity. In ongoing corporate updates, the company transitioned its principal executive office to 225 Liberty Street in New York, continues to provide regular semi-annual and annual reporting updates under SEC regulations, and maintains ongoing valuation updates for its underlying 2003 Yayoi Kusama asset.