# EDGAR Filing Document

**Accession Number:** 0001956578
**File Stem:** 0001493152-23-005330
**Filing Date:** 2023-2
**Character Count:** 7056
**Document Hash:** 65c9a36f596fe9bed10b809cc3c064ab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-005330.hdr.sgml**: 20230216

**ACCESSION NUMBER**: 0001493152-23-005330

**CONFORMED SUBMISSION TYPE**: 1-U

**PUBLIC DOCUMENT COUNT**: 10

**CONFORMED PERIOD OF REPORT**: 20230216

**ITEM INFORMATION**: Other Events

**FILED AS OF DATE**: 20230216

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Masterworks 214, LLC
- **CENTRAL INDEX KEY:** 0001956578
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-RETAIL STORES, NEC [5990]
- **IRS NUMBER:** 921161850
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 1-U
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 24R-00772
- **FILM NUMBER:** 23638882

**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 16, 2023**

Date of Report: (Date of earliest event reported)

**MASTERWORKS 214, LLC**

(Exact name of issuer as specified in its charter)

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| | |
|:---|:---|
| **Delaware** | **92-1161850** |
| 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.](ex15-b.htm) |
| 99.1 | [<u>Promotional video transcript.</u>](ex99-1.htm) |

---

**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 214, LLC | MASTERWORKS 214, LLC |
|  | By: | */s/ Joshua B. Goldstein* |
|  | Name: | Joshua B. Goldstein |
|  | Title: | General Counsel |
| Date: February 16, 2023 |  |  |

---

## Add

**Exhibit 15(b)**

![](ex15-b_001.jpg)

![](ex15-b_002.jpg)

![](ex15-b_003.jpg)

![](ex15-b_004.jpg)

![](ex15-b_005.jpg)

![](ex15-b_006.jpg)

![](ex15-b_007.jpg)

## Add

**Exhibit 99.1**

Hi everyone,

My name is Michael Jerch and I am a Specialist on the acquisitions team here at Masterworks.

We are pleased to announce a new offering, a painting by the late Helen Frankenthaler. The artist is known for pioneering the "soak-stain" technique, a breakthrough for the American Color Field school of painting.

In recent years, Frankenthaler has been the subject of renewed interest and in 2019, the Tate Britain held a year-long exhibition of selected paintings by the artist. In April 2022, the Kunsthalle Krems in Austria and the Museum Folkwang in Germany co-organized a solo exhibition entitled, "Helen Frankenthaler: Painterly Constellations," which will run through March 2023.

To provide investment quality offerings by the artist, our acquisitions team has reviewed over 130 examples of Frankenthaler's work from around the world, with a number of works priced in excess of $2 million. Of these examples, this is the fifth painting by the artist we have selected to be offered on the Masterworks platform.

Entitled "xPxixlxoxtx," the painting was executed in 1978 and employs the artist's signature "soak-stain" technique. By pouring thinned paints directly onto the canvas, the artist produced expansive fields of color alongside broad brushstrokes that merge together to create undulating, organic forms. The large-format work, painted during Frankenthaler's mature period, bridges the gap between Abstract Expressionism and Color Field Painting. Prior to our acquisition of the work, "xPxixlxoxtx" has been in the same private collection since 1979, when it was exhibited for the first time.

As of January 2023, large-format colorful examples that employ soak-stain from the mid-to-late 1970s account for eight of Helen Frankenthaler's top ten auction records, suggesting particular demand for these works amongst collectors.

Paintings similar in composition and scale to the Painting have sold in excess of $1.5 million at auction and include such examples as: "Winter Light" (1979), which sold for $1.6 million at Christie's, New York in May of 2021, and "Tournament" (1977), which is larger than the Painting but shares a similar vertical orientation and sold for $2.5 million at Sotheby's, London in March of 2022. The latter example previously sold for $500,000 at Christie's, New York in May 2012, which represents an appreciation rate of approximately 18.0%.

Between January 2000 and March 2022, auction sales of similar works to our offering have increased at an estimated annualized appreciation rate of 15.9%.