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Investors Contribute$22,000,000
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Price per Class A Share$20
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Total Class A Shares Issued1,100,000
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Annual Dilution %1.50%
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Initial Class A SharesNew Class A Shares Issued to MasterworksEnding Class A SharesInvestors' Ownership of Class A Shares
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Initial1,100,0001,100,000100.00%
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Year 11,100,00016,5001,116,50098.52%
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Year 21,116,50016,7481,133,24897.07%
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Year 31,133,24816,9991,150,24695.63%
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Year 41,150,24617,2541,167,50094.22%
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Year 51,167,50017,5121,185,01292.83%
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Year 61,185,01217,7751,202,78891.45%
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Year 71,202,78818,0421,220,82990.10%
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Year 81,220,82918,3121,239,14288.77%
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Year 91,239,14218,5871,257,72987.46%
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Year 101,257,72918,8661,276,59586.17%
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Profits on Sale of Painting$30,000,000
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Year SoldYear 10
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80% to Class A Shares$24,000,000
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Investors' Ownership of Class A Shares86.17%
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Investors' Share of Profits$20,680,01469%
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Total Investors Class A Shares1,100,000
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Profit Per Class A Share$18.80
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Hypothetical Investment of$1,000
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Class A Shares Owned50
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Profit per Class A Share$18.80
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Total Profit to Hypothetical Investor$940.00
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Initial Investment Value$10,000
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Annual Return15%
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Years Held5
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Sale Investment Value$17,500
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Gross Profit$7,500
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Annual Fees Rate1.50%
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Sale Fee Rate20%
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Total Annual Fees$563
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Total Sale Fees$1,388
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Net Profit$5,55074%
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Net ROI55.50%
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Net Annual ROI11.10%
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