# EDGAR Filing Document

**Accession Number:** 0001955809
**File Stem:** 0001493152-23-005382
**Filing Date:** 2023-2
**Character Count:** 6266
**Document Hash:** 39e405d53cad10a93ff15809841a4c6a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-005382.hdr.sgml**: 20230217

**ACCESSION NUMBER**: 0001493152-23-005382

**CONFORMED SUBMISSION TYPE**: 1-U

**PUBLIC DOCUMENT COUNT**: 10

**CONFORMED PERIOD OF REPORT**: 20230217

**ITEM INFORMATION**: Other Events

**FILED AS OF DATE**: 20230217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Masterworks 207, LLC
- **CENTRAL INDEX KEY:** 0001955809
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-RETAIL STORES, NEC [5990]
- **IRS NUMBER:** 921093505
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 1-U
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 24R-00773
- **FILM NUMBER:** 23640624

**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 17, 2023**

Date of Report: (Date of earliest event reported)

**MASTERWORKS 207, LLC**

(Exact name of issuer as specified in its charter)

---

| | |
|:---|:---|
| **Delaware** | **92-1093505** |
| 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**

---

| | |
|:---|:---|
| 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 207, LLC | MASTERWORKS 207, LLC |
|  | By: | */s/ Joshua B. Goldstein* |
|  | Name: | Joshua B. Goldstein |
|  | Title: | General Counsel |
| Date: February 17, 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 Max Howard and I am the Transaction Manager here at Masterworks.

We are happy to announce a new offering, a painting by the Brooklyn based pop-artist, KAWS. Beginning his career as a graffiti artist, KAWS has developed a unique visual language, incorporating features of animation, advertisement and fine art.

In 2021, the Brooklyn Museum opened "KAWS: WHAT PARTY," a comprehensive survey show, featuring over 100 works and several new pieces. The same year, KAWS' auction turnover totaled $31 million, ranking him among the top 70 of all artists worldwide.

To provide investment quality offerings by the artist, our acquisitions team has reviewed nearly 140 examples of KAWS' works from around the world, many of which are priced in excess of $1 million.

The untitled work was completed by KAWS in 2013. The small-scale piece depicts a closely cropped, abstracted image of the artist's recurring subject KAWSBob. The simplified detail, crisp lines and saturated colors, blur the distinction between fine art and mass media, creating a universal piece reminiscent of Pop artists like Andy Warhol and Roy Lichtenstein.

As of January 2023, examples similar in scale and composition to the Painting have sold in excess of $250,000 at auction. These examples include: "Urge (KUA9)" (2020), which sold for $810,000 at Christie's, New York in November of 2021, and "KAWSBOB" (2008), which sold for $420,000 at Sotheby's, Hong Kong in April of 2021.

Between February 2016 to November 2021, auction sales of similar works to our offering have increased at an estimated annualized appreciation rate of 26.5%. Between March 2009 to September 2022, the record auction price of KAWS' works has grown at a compound annualized rate of 92.2%.