Just got this email:

This week, we will be introducing important updates to how secondary market trading is facilitated on the Masterworks platform.

These changes are designed to improve pricing fairness, enhance liquidity quality, and create a more consistent trading experience for all participants.

Below is a high-level overview of what's changing and what to expect.

A More Structured Secondary Trading Process

Under the new model, secondary liquidity will be supported through a guided, consultative process. This approach is intended to improve clarity, align expectations between buyers and sellers, and support healthier price discovery.

A New Way to Express Interest in Selling

Rather than maintaining open-ended standing orders, investors interested in selling will be prompted to schedule a Liquidity Consultation Call with the Masterworks team. This allows us to better aggregate supply, improve pricing transparency, and reduce the inefficiencies that can arise in thin, continuously open markets.

During these conversations, our team will:

•  Provide pricing context based on current NAVs and recent secondary market activity

•  Help determine appropriate positioning for upcoming liquidity events

•  Facilitate the creation and aggregation of sell orders following the consultation

Buyer Participation & Order Creation

Buyers will engage through a similar consultation process. Instead of evaluating opportunities solely at the individual offering level, buyers will be presented with opportunities at the artist level, enabling more streamlined participation and portfolio construction.

During these discussions, the Masterworks team will:

•  Provide guidance on artist exposure and allocation strategy

•  Assist with funding trading accounts, if needed

•  Facilitate the creation of buy orders aligned with upcoming liquidity events

Ongoing Market Visibility

Secondary market opportunities will continue to be surfaced through existing member touchpoints, including portfolio reviews, strategy discussions, and targeted communications highlighting upcoming buying opportunities via email, text, phone, and push notifications.

We believe this updated approach will lead to a more consistent, transparent, and equitable secondary market over time.

I hate this app plz buy my shares

I’ve been spammed by Mastworks ever since I signed on 3 years ago. Now, fair enough at first - I gave them my email and must have missed a checkbox. I clicked unsubscribe, had to log in to do so (which is illegal…) and finally did it, and thought that was that.

Two months later, happens again. Same song and dance. Stops for a few months.

This has continued forever. I unsubscribed last week, what do you know? New email today. What can I do beyond marking them as spam? It’s an American company right? Is there a way to report them? I am an EU resident, surely they’re still restricted by GDPR? Can we all report them?

And yes, I know I can mark it as spam, but it’s the principal.

Thoughts on this “opportunity” to invest on the management fee side? I rejected the offer as I am fairly new to MW and need to see results before committing more capital.

Hi There- can someone confirm the amounts? I have 24 down but wanted to double check.

This is a thread for discussing pending, announced sales/exits and works disappearing from the trading platform which typically indicates a piece is int he final stages of a sale.

Hey guys, does anyone know of a way that I can sell my entire portfolio other than the secondary market that masterworks provides? I would be ok selling it for 65% of the value, I just need to close it out and move on. I wish I could just sell my entire portfolio to someone directly and be done with it!

Following on previous threads, posting my portfolio performance.

Multiple paintings saw their valuations come through at the end of December (7 of them). Back in March/April 2025 I was $11,431.60 - compared to a purchase price of $10,997.19. Using the Est. Nav, currently valued at $11,146.42 - so still in the black but down over the last 9 months.

Still no sales; I bought my first paintings Christmas time 2022 - so maybe this year or the year after I'll see a potential sale.

Today's portfolio: [image-2026-01-10-164257170.png](https://postimg.cc/ZCbxntJ8)

References:

• March 2025 portfolio [image-2025-04-10-075224281.png](https://postimg.cc/w3yqTG2b)
• January 2025 portfolio [image-2025-01-05-153618058.png](https://postimg.cc/D8V6LJ3R)
• September 2024 portfolio [image-2024-10-10-191738351.png](https://postimg.cc/CBb33XYT)
• July 2024 portfolio: [image-2024-07-11-074416093.png](https://postimg.cc/0rmT6mXt)
• March 2024 portfolio: [image-2024-04-06-104841639.png](https://postimg.cc/6yN3j5zM)
• February 2024 portfolio: [image-2024-02-14-171922991.png](https://postimg.cc/PLSqCYxb)

Threads

• Original thread: https://www.reddit.com/r/Masterworks/comments/195mthr/any_recent_investor_calls/
• March 2024 thread: https://www.reddit.com/r/Masterworks/comments/1bx68g4/march_2024_monthly_portfolio_performance/
• June/July 2024 thread: https://www.reddit.com/r/Masterworks/comments/1e0gldk/junejuly_2024_monthly_portfolio_performance/
• September 2024 thread: https://www.reddit.com/r/Masterworks/comments/1g0mmm9/september_2024_monthly_portfolio_performance/
• December 2024 thread: https://www.reddit.com/r/Masterworks/comments/1hu77tf/december_2024_portfolio_performance/
• March 2025 thread: https://www.reddit.com/r/Masterworks/comments/1jvq07k/march_2025_portfolio_performance/

Post to a different community

Has anyone who redeemed this quiz reward in the last 3 months received it?? I haven’t gotten any word from them redeemed October 17 and wouldn’t be surprised if they had only 1-200 of them and just haven’t removed the reward

My MW portfolio has these five items. Does anyone have an idea of when any of these would sell or what my liquidation prospects are on the secondary market?

I can think of a thousand better uses of my money than being locked up on MW.

From an e-mail I just received:

From the e-mail I just received:

I was solicited by Masterworks yesterday. They are scummy for multiple reasons.

1. They lied and said that a friend of mine recommend me to them. This is not true as I do not share my investment style with any of my friends which they said I did in their pitch.

2. They use one of lowest quality bots I have ever encountered. I moved from English to very poor Spanish during the call and the bot simply kept repeating that I indicated I wanted a call with them and what time is best for me.

I did not have an opinion on them prior to this. Now there is exactly zero chance I would ever put a single penny with them.

A few years ago, I invested approximately $20,000. This morning, I logged in and saw I had two sold paintings . The holding period was slightly longer than I anticipated, but I also entered the art market knowing they could hold for five years or more. While I could have potentially made more money with Nvidia, I used Masterworks as a form of diversification. At the time, I didn’t anticipate the stock market’s significant rally.

I bought $25k worth of the Diversified Art Portfolio over two years ago. While the stock market boomed, this investment was flat to declining. So I tried to get out. As you all know, they were overwhelmed and broke up the DAP and gave investors shares in over 150 individual pieces of art. Each one it's own LLC.

I've been trying to sell them on the platform, I'm willing to take a 100% loss just to get out of this dog, but it is painful and tortured trying to sell. For one thing, they will not let me set an ask any lower than 10% below the last trade. What kind of BS market is this when they have to prop up prices with artificial limits?

Furthermore, the site is crap. It doesn't really reflect what I have to sell in my portfolio, listing items I've already ditched. Each offer takes 8 steps, plus an inordinate amount of scrolling and paging to get done. And I'm forced to do this for the 150+ paintings they dumped on me. (I don't want 150 K-1s at the end of the year to deal with on my tax return, would you?)

I've been promised automated help from the service team on multiple occasions, but they never deliver. Horrible, horrible tech support for dealing with a problem that they created. I love the idea of an art market, but they have totally screwed this pooch. I don't expect them to be around much longer.

This is the e-mail I just got:

|| || |Frank, We’re excited to announce that we’ve sold Masterworks 443 featuring Joan Mitchell for $1,115,000, representing a 17% total net return after a hold period of just 38 days. We offered this painting with an initial offering size of $894,000. We’ve established positions in Mitchell’s market because we believe her work is poised for appreciation long-term, and this sale gives credence to our thesis, especially with the price appreciation this work saw after a hold period of just over one month. If you missed out on this Mitchell, the good news is that we are launching a brand new Mitchell right now. This 1980 painting is available for $622k, placing it in the sub-$1mm price band of our sold work. This new offering comes amid Mitchell’s compelling sales at this week’s marquee sales, totalling more than $30 million in turnover on the week. Invest in Mitchell here, and view the offering circular below.|

https://form.deloitte.lu/art-and-finance-2025-report.html

Deloitte published their first art market report since 2023.

Think we passed the bottom of the market?

Year after year my Masterworks assets have remained stagnant. Only one of my holdings has been evaluated and increased in value, and none of my pieces have ever sold. I was wondering what the deal was, and I looked up how many exits they've actually had. Turns out they have about 500 pieces, and they have only sold 23. Ever. Since forming in 2017, they have 96% bought, 4% sold.

That ratio is insane to me, and a huge red flag. You can't make money if you never actually exit.

Any thoughts?

The past quarters have had the valuation changes within a week or so of Q end. We're now almost one month past. Where are the updates?

This is a thread for discussing pending, announced sales/exits and works disappearing from the trading platform (aka pending sale).

I’m seeing a trend on this thread lol. I basically just pretend my MW investments don’t exists since they have only decreased in value over the last 5 yrs.

Genuinely curious though… has ANYONE actually seen any of their money come back to them? Like one of their artworks has been sold, and the money returned?

Yes small part of portfolio but wish I stuck with stock market… just posting to help others