Masterworks Investor Update

Past Art Investment Research Collaboration In the past we have collaborated with major research teams such as Goldman Sachs, Citi, Barings, and others to better understand the asset class and publish thought leadership citi Research Collaboration THE GLOB AND COVID Innovating and Adapting Resilience in a Time of Turmoil The market remained rent in 2020 and burbulence brought on by the COD 19 pandemic sponse to the crisis in inaling the foundation for a deeper nome pervanent shit as the industry adaptshing preferences and demophis FIRST IN CLASS in the first naman na 200 the art market supertormectan major axwith Contemporary art achieving the margest quina. Lowongoing caters, and a growing region of a part dvere could further s KOM 32% - 404 SW m -35% 34 Tarta dei seguentat de som i van daal Altamine 43% DIN Citi GPS 1m ning TT 200 TAP AUCTION HOUSES Leyend onction Jug 10 Sot Ch P: 52% 413 120% LOA C v min far. For evig tancata una quotaien i Matrée të KX0 mm min (15. A rapida men man kanan atau permende 1200. ar Empresa innamatkan naman nim SUP NECESSITY IS THE MOTHER OF INNOVATION Auction mould the dotal was during the pandemic through their sirbaani nakon avards. These and other digital innovadora ripave Shading locaties at the Industry LINDET JÕEL A KENG Intelectioqualvos dan 20 Estate GALLERES Pent*72 Poin ONE The i mate 10% - 30 37% in 20 20m Contenay pration INTERNATIONAL ART FAIRE Launched vital tore wit and g ny De imported ring ODRE Art: The Alternative Real Asset Mar Thought Leadership 12000 The recent global humo hated many mor allocation, meal of sometimes called tangible assets, includi Tural urces.commode and precious m clable by invatar today through wi mchange traded funds (ETPAL closed and funch. Eto, priv Among the gold in the clamp and during market dislocation and recently referred to ai "Òm O. Bach FÖRSK The Market for Jean-Michel Basquiat: How One Artist's Prices Have Continued to Defy the Odds M Jean-Michel BasqUAR (1940-1988) has proven to be one of the greatest form in the art manet over the decades. vobis Hetime, Basquiat was one at the most sought-after artist in the world, and even prior to his pic death at the age of 21 hisprosed stocked. Be best comprised of larger prings on asignature stretcher ber frame, to tackhouquare market has performed once 1946 horingcations of downturna in the broader economy THIS PRESENTATION IS CREATED AND USED BY MASTERWORKS AND IS NOT PROVIDED BY OR USED IN SOLICITATIONS BY A BROKERAGE FIRM OR BROKER. PLEASE SEE MASTERWORKS IMPORTANT DISCLOSURE INFORMATION SECTION OF THIS PRESENTATION 3

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