# EDGAR Filing Document

**Accession Number:** 0001956601
**File Stem:** 0000000000-23-000991
**Filing Date:** 2023-1
**Character Count:** 7022
**Document Hash:** 37902948c81e5abe301b7fe23412af04
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-000991.hdr.sgml**: 20230620

**ACCESSION NUMBER**: 0000000000-23-000991

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230131

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Masterworks Vault 1, LLC
- **CENTRAL INDEX KEY:** 0001956601
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-RETAIL STORES, NEC [5990]
- **IRS NUMBER:** 921162722
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Masterworks Series 001, LLC
- **DATE OF NAME CHANGE:** 20221130
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001493152-22-035326

## Text-Extract

```

United States securities and exchange commission logo

                              January 31, 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. 1 to
Offering Statement on Form 1-A
                                                            Filed January 23,
2023
                                                            File No. 024-12098

       Dear Joshua Goldstein:

             We have reviewed your amended offering statement and have the
following
       comments. In some of our comments, 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 comments apply 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 these comments, we may have additional comments.

       Amendment No. 1 to Offering Statement on Form 1-A

       The Offering
       Minimum and Maximum Investment Amount, page 7

   1.                                                   We note your disclosure
that Masterworks routinely waives the minimum investment
                                                        amount per investor "if
it is determined that an investment of that size is not suitable to
                                                        achieve an investor   s
investment and or diversification goals." Please clarify how you
                                                        determine if an
investment size is "not suitable." Additionally, if Masterworks routinely
                                                        waives the minimum
investment amount, please advise why a minimum investment
                                                        amount has been
disclosed as a term of the offering. In this regard, please advise how
                                                        often this offering
condition is waived.
 Joshua Goldstein
FirstName  LastNameJoshua
Masterworks  Vault 1, LLC Goldstein
Comapany
January 31,NameMasterworks
            2023           Vault 1, LLC
January
Page 2 31, 2023 Page 2
FirstName LastName
General

2.       Please tell us and disclose what financial statements you intend to
include here and in your
         annual and semiannual reports, once you and each Series are
capitalized on other than a
         nominal basis. Also, address whether the audit reports provided will
cover Masterworks
         Vault 1, LLC in total and each Series.
      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

```

### Attached PDF Documents

**Attachment 1:** `filename1`

![img-0.jpeg](img-0.jpeg)

CORPORATION FINANCE

# UNITED STATES  
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549

January 31, 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. 1 to Offering Statement on Form 1-A  
Filed January 23, 2023  
File No. 024-12098**

Dear Joshua Goldstein:

We have reviewed your amended offering statement and have the following comments. In some of our comments, 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 comments apply 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 these comments, we may have additional comments.

# Amendment No. 1 to Offering Statement on Form 1-A

# The Offering

# Minimum and Maximum Investment Amount, page 7

1. We note your disclosure that Masterworks routinely waives the minimum investment amount per investor 'if it is determined that an investment of that size is not suitable to achieve an investor's investment and or diversification goals.' Please clarify how you determine if an investment size is 'not suitable.' Additionally, if Masterworks routinely waives the minimum investment amount, please advise why a minimum investment amount has been disclosed as a term of the offering. In this regard, please advise how often this offering condition is waived.

Joshua Goldstein
Masterworks Vault 1, LLC
January 31, 2023
Page 2

General

2. Please tell us and disclose what financial statements you intend to include here and in your annual and semiannual reports, once you and each Series are capitalized on other than a nominal basis. Also, address whether the audit reports provided will cover Masterworks Vault 1, LLC in total and each Series.

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