Masterworks Reg A filings (one issuer per painting), carried in the Regulation A flow series' per-family breakdown; a per-category series is next.
Price
What the category's market is doing
Masterworks secondary prices (platform-reported); auction house semiannual totals as cited headlines.
Not collected yet. The source is identified above and this section fills in when the collector ships.
Outcome
What investors got versus what was promised
Realized IRR per painting sold, from Masterworks 1-K, 1-SA and 1-U filings, and the three-layer fee stack every painting carries.
Promised vs realized
Two populations: targets on published offerings, realized figures on exits with a disclosed outcome. Read side by side, never as one number.
Promised (median target)
n/a
no stated targets
Realized (median IRR)
16.4%
35 exits with a realized IRR
Middle half 9.6% to 22.9% · 0% negative
Realized outcomes
Measure
Value
n
Median multiple on cost
1.32x
23
Median hold
1.8 yrs
n/a
Latest exit
2026-09-11
n/a
By platform (exits with an outcome)
Platform
Exits
Median IRR
Median multiple
Loss rate
Masterworks
35
16.4%
1.32x
n/a
Source: AltStreet platform_exits (filing-sourced dispositions, 1-K asset sales and platform-reported exits) and published offering terms. Realized figures cover exits with a disclosed outcome, which over-represents platforms that disclose; a loss rate counts exits recorded as a loss over exits with any recorded type.
Fee stack
290 offerings with itemized fee layers from their filings. Median rate per fee type; the n is offerings carrying that type.
Fee layers by type
Fee
Offerings
Median rate
Charged
acquisition
290
11%
one time
management
290
1.5%
annual
performance
290
20%
on exit
Rates are as stated in the offering document and are not on a common base: an acquisition fee is a one-time percent of purchase price, a management fee an annual percent of assets or equity, a performance fee a percent of profits. Source: AltStreet deal_fee_layers.
NAV per share
Latest reported net asset value per share by platform (median across its vehicles) and the 12-month change. From 1-K, 1-SA, 253G2 supplements and 10-Q filings.
Platforms reporting NAV
Platform
Vehicles
Latest NAV
As of
12-month change
Masterworks
1
$20
2024-12-31
n/a (0 with history)
NAV is the sponsor's own valuation, not a trade; a stable NAV says nothing about whether redemptions are being met. Redemption request and fulfillment fields are collected but not yet populated, so gating is not observable here yet.
Cited headlines
Licensed and headline-only sources
Cited with a source line; never ingested or charted.
