# EDGAR Filing Document

**Accession Number:** 0001958306
**File Stem:** 0001493152-23-004055
**Filing Date:** 2023-2
**Character Count:** 6677
**Document Hash:** 6ef5b23250c3c92297b6ec09426c4963
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-004055.hdr.sgml**: 20230209

**ACCESSION NUMBER**: 0001493152-23-004055

**CONFORMED SUBMISSION TYPE**: 1-U

**PUBLIC DOCUMENT COUNT**: 10

**CONFORMED PERIOD OF REPORT**: 20230209

**ITEM INFORMATION**: Other Events

**FILED AS OF DATE**: 20230209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Masterworks 218, LLC
- **CENTRAL INDEX KEY:** 0001958306
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-RETAIL STORES, NEC [5990]
- **IRS NUMBER:** 884341979
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 1-U
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 24R-00766
- **FILM NUMBER:** 23606196

**BUSINESS ADDRESS:**
- **STREET 1:** 225 LIBERTY STREET
- **STREET 2:** 29TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10281
- **BUSINESS PHONE:** 2035185172

**MAIL ADDRESS:**
- **STREET 1:** 225 LIBERTY STREET
- **STREET 2:** 29TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10281

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 1-U**

**CURRENT REPORT**

Pursuant to Regulation A of the Securities Act of 1933

**February 9, 2023**

Date of Report: (Date of earliest event reported)

**MASTERWORKS 218, LLC**

(Exact name of issuer as specified in its charter)

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| | |
|:---|:---|
| **Delaware** | **88-4341979** |
| State of other jurisdiction of | (I.R.S. Employer |
| incorporation or organization | Identification No.) |

---

**225 Liberty Street, 29th Floor, New York, NY 10281**

(Full mailing address of principal executive offices)

**(203) 518-5172**

(Issuer's telephone number, including area code)

**www.masterworks.com**

(Issuer's website)

**Class A Ordinary Shares**

(Securities issued pursuant to Regulation A)

**Item 9. Other Events**

A copy of materials used on www.masterworks.com relating to the Issuer's ongoing offering of Class A Ordinary Shares pursuant to Regulation A of the Securities Act of 1933, as amended, is attached to the Form 1-U as Exhibit 15(b) and a copy of the transcript of the promotional video embedded in such materials is attached to the Form 1-U as Exhibit 99.1.

**Safe Harbor Statement**

This Current Report on Form 1-U contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled "Risk Factors" in our most recent Offering Circular filed with the Securities and Exchange Commission ("SEC"), as such factors may be updated from time to time in our periodic filings and offering circular supplements filed with the SEC, which are accessible on the SEC's EDGAR website. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in our filings with the SEC. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

**Exhibit Index**

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| | |
|:---|:---|
| Exhibit No. | Description of Exhibit |
| 15(b) | [Website materials.](ex15b.htm) |
| 99.1 | [Promotional video transcript.](ex99-1.htm) |

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**SIGNATURES**

Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | MASTERWORKS 218, LLC | MASTERWORKS 218, LLC |
|  | By: | */s/ Joshua B. Goldstein* |
|  | Name: | Joshua B. Goldstein |
|  | Title: | General Counsel |
| Date: February 9, 2023 |  |  |

---

## Add

**Exhibit 15(b)**

![](ex15b_001.jpg)

![](ex15b_002.jpg)

![](ex15b_003.jpg)

![](ex15b_004.jpg)

![](ex15b_005.jpg)

![](ex15b_006.jpg)

![](ex15b_007.jpg)

## Add

**Exhibit 99.1**

Hi everyone,

My name is Courtnie Baek and I am an Investor Relations Associate here at Masterworks.

I am delighted to announce our newest offering, a painting by the British female artist, Bridget Riley. A leading figure of the Op Art movement, Riley is known for her precise use of line and arrangement of color that create optical effects on the viewer. In March of 2022, a solo show of the artist's work titled, "Bridget Riley: Perceptual Abstraction," opened at the Yale Center for British Art in New Haven, CT and ran through July 2022.

To provide investment quality offerings by the artist, our acquisitions team has reviewed over 70 examples of Riley's work from around the world, with a number of works priced in excess of $5 million. Of these examples, this is the sixth painting by the artist we have selected to be offered on the Masterworks platform.

Entitled "xGxrxexexnxsxlxexexvxexsx," the painting was completed in 1983 and belongs to the artist's "Egyptian Palette" series. The series was inspired by a trip to Cairo and features a distinct color palette consisting of sky blue, terracotta, green and ochre with accents of white. The medium-scale canvas from this series is an excellent example of Riley's ongoing use of line and color to explore the optical sensations achieved through scale and the simple composition of repetitive stripes.

Early vertical line paintings created between 1967 and 1980, which precede the "Egyptian Palette" series, have achieved prices in excess of $3.5 million at auction. As of January 2023, these works account for three of Riley's top five auction records and include: "Chant 2" (1967), which features an early variation of the vertical stripe motif, sold for $4.7 million at Christie's, London in February of 2014 and before that, sold for $5.1 million at Sotheby's, London in July of 2008, and "Zing 2" (1971), which is smaller than the Painting but also employs vertical stripes for an optical effect, and sold for $4.5 million at Christie's, London in June of 2021.

Between November 1992 to October 2022, auction sales of similar works to our offering have increased at an estimated annualized appreciation rate of 16.8%.