SEC Comment Letter 0000000000-23-001506 to Masterworks Vault 1, LLC (CIK 0001956601)
Masterworks Vault 1, LLC (CIK 0001956601)
Date: Feb. 14, 2023 · CIK: 0001956601 · Accession: 0000000000-23-001506
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 024-12098
Letter
United States securities and exchange commission logo February 14, 2023 Joshua Goldstein General Counsel Masterworks Vault 1, LLC 225 Liberty Street, 29th Floor New York, New York 10281 Re:Masterworks Vault 1, LLC Amendment No. 2 to Offering Statement on Form 1-A Filed February 10, 2023 File No. 024-12098 Dear Joshua Goldstein: We have reviewed your amended offering statement and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your offering statement and providing the requested information. If you do not believe our comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your offering statement and the information you provide in response to this comment, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our January 31, 2023 letter. Amendment No. 2 to Offering Statement on Form 1-A General 1.We note your revised disclosure in response to comment 2 and reissue in part. Please address whether the audit reports provided will cover Masterworks Vault 1, LLC in total and each Series.
FirstName LastNameJoshua Goldstein Comapany NameMasterworks Vault 1, LLC February 14, 2023 Page 2 FirstName LastName Joshua Goldstein Masterworks Vault 1, LLC February 14, 2023 Page 2 You may contact Rufus Decker at 202-551-3769 if you have questions regarding comments on the financial statements and related matters. Please contact Taylor Beech at 202- 551-4515 or Donald Field at 202-551-3680 with any other questions. Sincerely, Division of Corporation Finance Office of Trade & Services
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United States securities and exchange commission logo
February 14, 2023
Joshua Goldstein
General Counsel
Masterworks Vault 1, LLC
225 Liberty Street, 29th Floor
New York, New York 10281
Re:Masterworks Vault 1, LLC
Amendment No. 2 to Offering Statement on Form 1-A
Filed February 10, 2023
File No. 024-12098
Dear Joshua Goldstein:
We have reviewed your amended offering statement and have the following comment. In
our comment, we may ask you to provide us with information so we may better understand your
disclosure.
Please respond to this letter by amending your offering statement and providing the
requested information. If you do not believe our comment applies to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your offering statement and the information you
provide in response to this comment, we may have additional comments. Unless we note
otherwise, our references to prior comments are to comments in our January 31, 2023 letter.
Amendment No. 2 to Offering Statement on Form 1-A
General
1.We note your revised disclosure in response to comment 2 and reissue in part. Please
address whether the audit reports provided will cover Masterworks Vault 1, LLC in total
and each Series.
FirstName LastNameJoshua Goldstein
Comapany NameMasterworks Vault 1, LLC
February 14, 2023 Page 2
FirstName LastName
Joshua Goldstein
Masterworks Vault 1, LLC
February 14, 2023
Page 2
You may contact Rufus Decker at 202-551-3769 if you have questions regarding
comments on the financial statements and related matters. Please contact Taylor Beech at 202-
551-4515 or Donald Field at 202-551-3680 with any other questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services