Masterworks 104, LLC MWRYS

Company Overview

Masterworks 104, LLC (MWRYS) is a special purpose investment vehicle formed by the Masterworks platform to facilitate fractional investment in a single fine-art asset. The company operates within the alternative investments and art-finance industries, allowing investors to purchase membership interests tied to the economic performance of a specific artwork. Public disclosures indicate that Masterworks structures individual issuers such as Masterworks 104, LLC to acquire, hold, manage, and ultimately sell a designated artwork, with investor returns dependent on appreciation and disposition proceeds after fees and expenses.

The company’s primary business activity is the ownership and management of a single artwork asset rather than diversified operating activities. Revenue generation is generally tied to appreciation in artwork value and eventual sale proceeds. Masterworks entities are positioned as fractionalized access vehicles for high-value contemporary art, targeting accredited and retail investors seeking exposure to alternative assets with low historical correlation to public equities. The broader Masterworks platform evolved from a fintech-enabled art investment model launched in 2017, using SEC-qualified offerings to broaden access to institutional-grade art ownership. Publicly available filings confirm that each numbered Masterworks issuer functions independently and is managed through the Masterworks ecosystem.