Masterworks Vault 5 LLC
08/20/2024 | Press release | Distributed by Public on 08/20/2024 15:23
Securities Offering by Private Issuer - Form 253G2
Filed Pursuant to Rule 253(g)(2)
File No. 024-12352
SUPPLEMENT NO. 2 DATED AUGUST 20, 2024
MASTERWORKS VAULT 5, LLC
This Supplement No. 2 dated August 20, 2024 (this "Supplement"), supplements, and should be read in conjunction with, the offering circulars of Masterworks Vault 5, LLC (as amended and supplemented, each, an "Offering Circular" and, together, the "Offering Circulars"), originally filed on November 3, 2023, as amended by Amendment No. 1 filed on February 15, 2024, Post-Qualification Amendment No. 1 filed on April 5, 2024, Post-Qualification Amendment No. 2 filed on April 11, 2024, Post-Qualification Amendment No. 3 filed on May 20, 2024, Post-Qualification Amendment No. 4 filed on June 20, 2024, Post-Qualification Amendment No. 5 filed on June 27, 2024 and Post-Qualification Amendment No. 6 filed on August 15, 2024. This Supplement should be read in conjunction with the Offering Circulars (including the disclosures incorporated by reference therein). Unless otherwise defined in this Supplement, capitalized terms used in this Supplement shall have the same meaning as set forth in the Offering Circulars. Except as set forth in this Supplement, the Offering Circulars remain unchanged.
The purpose of this Supplement is to disclose certain changes to the Offering Circulars relating to the Artwork and Artist Metrics. Particularly, the Masterworks public sale database has been updated as of June 30, 2024. Accordingly, the Sharpe Ratio, Record Price Appreciation, Median Repeat Sale Pair Appreciation and Artist Market Profile for each relevant artist listed in the "Description of Business - Artist Metrics" section of the Offering Circulars has been updated, as applicable, as shown below.
"Sharpe Ratio"
| Artist | Sharpe Ratio | |
| Banksy | 1.39 | |
| Jean-Michel Basquiat | 0.97 | |
| Robert Colescott | N/A | |
| Carmen Herrera | N/A | |
| Hans Hofmann | 0.21 | |
| Joan Mitchell | 1.14 | |
| Pierre Soulages | 0.56 | |
| Mickalene Thomas | N/A | |
| Alma Thomas | N/A | |
| Martin Wong | N/A | |
| Matthew Wong | N/A |
Record Price Appreciation
| Artist |
Compound Annual Growth Rate ("CAGR") |
First Record Price |
First Record Price Date |
Last Record Price |
Last Record Price Date |
|||||||||||
| Banksy | 60.0 | % | $ | 1,354 | November 18, 2003 | $ | 21,936,000 | June 30, 2024 | ||||||||
| Jean-Michel Basquiat | 31.6 | % | 1,800 | November 2, 1984 | 98,000,000 | June 30, 2024 | ||||||||||
| Robert Colescott | 26.9 | % | 16,000 | May 8, 1996 | 13,100,000 | June 30, 2024 | ||||||||||
| Carmen Herrera | 29.6 | % | 25,000 | November 20, 2006 | 2,400,000 | June 30, 2024 | ||||||||||
| Hans Hofmann | 10.7 | % | 130,000 | May 9, 1984 | 7,600,000 | June 30, 2024 | ||||||||||
| Joan Mitchell | 18.4 | % | 28,000 | May 9, 1984 | 25,000,000 | June 30, 2024 | ||||||||||
| Pierre Soulages | 19.6 | % | 12,271 | December 4, 1983 | 17,300,000 | June 30, 2024 | ||||||||||
| Mickalene Thomas | 25.7 | % | 30,000 | May 18, 2007 | 1,500,000 | June 30, 2024 | ||||||||||
| Alma Thomas | 20.9 | % | 17,000 | December 14, 1996 | 3,200,000 | June 30, 2024 | ||||||||||
| Martin Wong | 30.6 | % | 2,600 | February 20, 2001 | 1,327,500 | June 30, 2024 | ||||||||||
| Matthew Wong | 38.1 | % | 1,500,000 | June 29, 2020 | 5,461,000 | June 30, 2024 |
Median Repeat Sale Pair Appreciation
| Artist |
Median Repeat Sale Pair Appreciation Rate |
Number of Repeat Sales |
First Repeat Sale Pair Date |
Last Repeat Sale Pair Date |
||||||||
| Banksy | 14.4 | % | 26 | February 7, 2007 | June 29, 2023 | |||||||
| Jean-Michel Basquiat | 16.8 | % | 100 | May 8, 1996 | May 13, 2024 | |||||||
| Robert Colescott | N/A | N/A | N/A | N/A | ||||||||
| Carmen Herrera | N/A | N/A | N/A | N/A | ||||||||
| Hans Hofmann | 3.4 | % | 23 | November 20, 1996 | May 15, 2024 | |||||||
| Joan Mitchell | 15.9 | % | 50 | May 7, 1997 | May 17, 2024 | |||||||
| Pierre Soulages | 13.1 | % | 31 | May 9, 1996 | December 13, 2023 | |||||||
| Mickalene Thomas | N/A | N/A | N/A | N/A | ||||||||
| Alma Thomas | N/A | N/A | N/A | N/A | ||||||||
| Martin Wong | N/A | N/A | N/A | N/A | ||||||||
| Matthew Wong | N/A | N/A | N/A | N/A |
Artist Market Profiles
| Artist | Artist Market Profiles | |
| Banksy | Established | |
| Jean-Michel Basquiat | Mature | |
| Robert Colescott | Mature | |
| Carmen Herrera | Speculative | |
| Hans Hofmann | Mature | |
| Joan Mitchell | Mature | |
| Pierre Soulages | Mature | |
| Mickalene Thomas | Emerging | |
| Alma Thomas | Established | |
| Martin Wong | Emerging | |
| Matthew Wong | Emerging |