Masterworks

Masterworks sells fractional shares of artworks under Regulation A, at $20 a share. Access changed in 2026: Masterworks is now referral-only, and every candidacy begins with the sponsorship of a current member, confirmed on masterworks.com September 25, 2026. The fees come in three layers: a 1.5% annual management fee (paid via Management Fee Shares), 20% of the profit on sale (Class B shares), and a one-time 10% expense allocation paid by each Target Issuer at its initial Reg A offering, per the Masterworks Vault 15, LLC SEC Form 1-A/A filed May 8, 2026 (qualified May 29, 2026). Shares are priced at $20 each. Masterworks does not publish a fixed minimum on its site; there are no membership dues, and fees apply at the offering level. Under the Regulation A Tier 2 offering circular, offerings are open to accredited investors, and to other investors investing no more than 10% of the greater of annual income or net worth. Platform-reported results, per masterworks.com: 530+ works acquired, 32 sold, with $77M+ distributed to investors including the amount invested. The site cites net annualized returns of 16.5%, 17.6% and 17.8% as examples on individual sold works, not including unsold works; the site text read does not give an average for all sold works. Target holds are 3 to 10 years, although Masterworks says that period may be longer, and shares may become tradable on a secondary market 90 days after an offering closes; earlier liquidity is never guaranteed. Masterworks was founded in 2017. Only 32 of 530+ works have sold, so the returns cited come from a small share of the works acquired, and you cannot force a sale.