Company Overview

Masterworks 117, LLC (OTCQB: MWRZS) is a special purpose investment vehicle affiliated with the Masterworks platform, a financial technology and alternative asset investment business focused on securitized fine art investments. The company was formed to facilitate fractional ownership exposure to a single artwork or a limited set of artworks through securities offerings qualified with the U.S. Securities and Exchange Commission. Its operations fall within the broader alternative investments, collectibles, and art finance industries.

The company’s primary revenue and value driver is the appreciation potential of the artwork asset it holds, alongside eventual sale proceeds distributed to investors after expenses and management fees. Masterworks.io, LLC and related affiliates provide sourcing, administration, marketing, custody coordination, and investor platform services. The broader Masterworks model emerged in the late 2010s as a platform designed to make high-value contemporary art investments accessible to retail investors through SEC-qualified offerings and secondary market trading mechanisms.

Business Operations

Masterworks 117, LLC operates as a passive holding entity rather than a diversified operating company. Its principal business activity is ownership and maintenance of a specific artwork asset acquired through the Masterworks ecosystem. Revenue generation is generally tied to appreciation in the underlying artwork’s market value and any future liquidity event, including private sale transactions arranged by affiliated entities. Administrative, offering, and management services are typically handled through agreements with affiliated Masterworks management entities disclosed in SEC Regulation A offering circulars and related filings.

The company’s operations are primarily U.S.-based, though the underlying artwork market is international in nature, involving auction houses, galleries, collectors, insurers, and logistics providers across multiple regions. The Masterworks structure commonly relies on affiliated entities such as Masterworks Administrative Services, LLC, Masterworks Gallery, LLC, and platform-related broker-dealer relationships for operational support, compliance, custody coordination, and investor servicing. Data regarding standalone employees, independent operating infrastructure, or material non-art business activities is inconclusive based on available public sources.

Strategic Position & Investments

The strategic positioning of Masterworks 117, LLC is closely tied to the broader Masterworks platform strategy of financializing fine art assets through fractionalized investment products. The company benefits from Masterworks’ acquisition sourcing capabilities, investor marketplace infrastructure, and SEC-qualified offering framework, which together seek to provide retail investors with access to blue-chip contemporary art traditionally limited to institutional investors and ultra-high-net-worth collectors.

Masterworks-affiliated entities have invested heavily in platform development, secondary trading infrastructure, investor acquisition, and artwork portfolio expansion. The broader organization has focused on artists and segments with historically strong auction performance and liquidity characteristics. The company itself does not appear to engage in operating acquisitions, venture investments, or diversified business expansion outside its designated artwork holding function. Publicly available information indicates its investment exposure is concentrated in its designated art asset rather than a broad operating portfolio.

Geographic Footprint

Masterworks 117, LLC is headquartered in the United States through its affiliation with the Masterworks platform, whose principal operations are based in New York. While the legal entity itself is domestically organized, the artwork market in which it participates is global, with exposure to international auction activity, collectors, galleries, and private transactions across North America, Europe, and Asia.

The company’s operational influence outside the United States is indirect and tied primarily to the global contemporary art market. Artwork valuation benchmarks, liquidity conditions, and exit opportunities are influenced by international auction houses and cross-border collector demand. Available public filings do not indicate the company maintains international offices, foreign subsidiaries, or direct overseas operating personnel.

Leadership & Governance

Governance and operational oversight are generally provided through affiliated Masterworks management entities rather than through a large standalone executive structure within Masterworks 117, LLC itself. The broader Masterworks organization was founded by Scott Lynn, who has publicly positioned the platform around expanding access to alternative assets and increasing retail participation in the fine art investment market through regulated securities offerings.

Key leadership associated with the broader Masterworks platform includes:

• Scott Lynn – Founder and Chief Executive Officer
• Cynthia Sachs – Chief Operating Officer
• Jordan Balik – General Counsel
• Brett Gorvy – Advisor and Chairman of the Acquisitions Committee

Public filings indicate that governance for entities such as Masterworks 117, LLC is largely administered through affiliate management agreements and managerial oversight structures disclosed in SEC offering circulars and related filings. Data regarding a distinct independent executive team specific to this entity is inconclusive based on available public sources.