08/20/2024 | Press release | Distributed by Public on 08/20/2024 15:24
Filed Pursuant to Rule 253(g)(2)
File No. 024-12271
SUPPLEMENT NO. 6 DATED AUGUST 20, 2024
MASTERWORKS VAULT 2, LLC
This Supplement No. 6 dated August 20, 2024 (this "Supplement"), supplements, and should be read in conjunction with, the offering circulars of Masterworks Vault 2, LLC (as amended and supplemented, each, an "Offering Circular" and, together, the "Offering Circulars"), originally filed on June 2, 2023, as amended by Post-Qualification Amendment No. 1 filed on June 21, 2023, Post-Qualification Amendment No. 2 filed on July 18, 2023, Post-Qualification Amendment No. 3 filed on August 2, 2023, Post-Qualification Amendment No. 4 filed on August 15, 2023, Post-Qualification Amendment No. 5 filed on August 22, 2023 and Post-Qualification Amendment No. 6 filed on September 5, 2023, Post-Qualification Amendment No. 7 filed on September 15, 2023, Post-Qualification Amendment No. 8 filed on September 27, 2023, Post-Qualification Amendment No. 9 filed on October 16, 2023, Post-Qualification Amendment No. 10 filed on May 23, 2024 and Post-Qualification Amendment No. 11 filed on July 19, 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 | |
Hernan Bas | N/A | |
Bridget Riley | 0.95 | |
Robert Ryman | N/A | |
Pierre Soulages | 0.56 | |
Christopher Wool | 0.68 | |
Liu Ye | 0.74 | |
Lynette Yiadom-Boakye | 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 |
|||||||||||
Hernan Bas | 20.3 | % | $ | 75,000 | May 11, 2006 | $ | 2,151,003 | June 30, 2024 | ||||||||
Bridget Riley | 21.6 | % | $ | 2,462 | June 25, 1985 | $ | 5,103,400 | June 30, 2024 | ||||||||
Robert Ryman | 16.9 | % | $ | 35,000 | May 9, 1984 | $ | 18,250,000 | June 30, 2024 | ||||||||
Pierre Soulages | 19.6 | % | $ | 12,271 | December 4, 1983 | $ | 17,300,000 | June 30, 2024 | ||||||||
Christopher Wool | 22.8 | % | $ | 24,000 | May 8, 1990 | $ | 26,500,000 | June 30, 2024 | ||||||||
Liu Ye | 27.4 | % | $ | 9,314 | May 3, 1995 | $ | 10,945,690 | June 30, 2024 | ||||||||
Lynette Yiadom-Boakye | 42.5 | % | $ | 67,124 | October 17, 2013 | $ | 2,979,020 | 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 |
||||||||
Hernan Bas | N/A | N/A | N/A | N/A | ||||||||
Bridget Riley | 15.0 | % | 24 | December 12, 1997 | May 28, 2024 | |||||||
Robert Ryman | N/A | N/A | N/A | N/A | ||||||||
Pierre Soulages | 13.1 | % | 31 | May 9, 1996 | December 13, 2023 | |||||||
Christopher Wool | 12.0 | % | 29 | November 20, 1996 | May 13, 2024 | |||||||
Liu Ye | 13.4 | % | 36 | May 1, 2005 | May 28, 2024 | |||||||
Lynette Yiadom-Boakye | N/A | N/A | N/A | N/A |
Artist Market Profiles
Artist | Artist Market Profiles | |
Hernan Bas | Emerging | |
Bridget Riley | Established | |
Robert Ryman | Mature | |
Pierre Soulages | Mature | |
Christopher Wool | Established | |
Liu Ye | Established | |
Lynette Yiadom-Boakye | Emerging |