Important Disclosures

View offering circular here. Investing involves risk. Past results are not indicative of future outcomes.

This content is not an offer, solicitation of an offer, or advice to buy or sell securities.

This email and investment advice are provided by Representatives of Masterworks Advisers, LLC (“Masterworks Advisers”). Masterworks Advisers is a registered investment adviser with the Securities and Exchange Commission (“SEC”) and a wholly owned subsidiary of Masterworks, LLC (“Masterworks”). Registration does not imply a certain level of skill or training.

Masterworks Advisers and Masterworks operate as separate legal entities and provide materially different services. Advisory services are provided exclusively to clients who have received the Masterworks Advisers' Form ADV and have executed an advisory agreement with Masterworks Advisers. To learn more about Masterworks Advisers’ advisory services, including fees and conflicts of interest, see Form ADV Part 2A.

1. “Annualized Net Return” or “IRR”, refers to the annualized internal rate of return net of all fees and expenses, calculated from the offering closing date to the date the sale is consummated. IRR may not be indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. For additional information regarding the calculation of IRR for a particular investment in an artwork that has been sold, a reconciliation will be filed as an exhibit to Form 1-U and will be available on the SEC’s website. Masterworks has offered investments in over 400 works and realized illustrative annualized net returns of 17.6%, 17.8%, and 21.5% on works held longer than one year (not inclusive of unsold works which may be lower).

To set up a time to speak to a Representative who can answer questions about our presentation of hypothetical and projected performance, please reach out to us by clicking this link to set up a call. Investment in a Masterworks Offering involves risk and there is no guarantee that you will achieve the results represented by the Portfolio. Individual results may vary significantly from those illustrated. Hypothetical and projected performance should not be used as the sole basis for an investment decision. Masterworks Advisers has also created a Hypothetical Performance User Guide to provide more information on the data sources, assumptions, methodology used to prepare the presented Portfolio performance comparison, and details to help you understand how to evaluate hypothetical and projected performance.

Art sales price data is comparative only. Each painting is unique and historical data is not a direct proxy for any specific painting or investment. Data represents whole art not an investment into our offerings which includes fees and expenses. Past sales are not indicative of future results.

Auction House estimates are based on the condition, rarity, quality and provenance of the lot and on prices recently paid at auction for similar property. Estimates can change. Neither you, nor anyone else, may rely on any estimate as a prediction or guarantee of the actual selling price of a lot or its value for any other purposes. Estimates do not reflect the final hammer price and do not include buyer’s premium, or any applicable taxes or charges or artist’s resale royalty.

Masterworks is not registered, licensed or supervised as a broker-dealer by the SEC or the Financial Industry Regulatory Authority (“FINRA”)

Masterworks, LLC is located at 225 Liberty St, 29th Floor, New York, NY 10281.

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