# EDGAR Filing Document

**Accession Number:** 0001956601
**File Stem:** 0001493152-23-008100
**Filing Date:** 2023-3
**Character Count:** 3580
**Document Hash:** f769b7b7695b2f87667db094611d2259
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-008100.hdr.sgml**: 20230620

**ACCESSION NUMBER**: 0001493152-23-008100

**CONFORMED SUBMISSION TYPE**: CORRESP

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230317

**FILER**: 

**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:** CORRESP

**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

![](formcorresp_001.jpg)

March 17, 2023

**VIA ELECTRONIC EDGAR FILING**

Office of Trade & Services

Division of Corporation Finance

Securities and Exchange Commission

100 F. Street, N.E.

Washington, D.C. 20549

Re: Masterworks Vault 1, LLC Amendment No. 3 to Offering Statement on Form 1-A Filed March 1, 2023 File No. 024-12098

Dear Sir or Madam:

We have electronically filed herewith on behalf of Masterworks Vault 1, LLC (the "Company") Amendment No. 4 ("Amendment No. 4") to the above-referenced offering statement on Form 1-A originally filed on December 13, 2022, as amended by Amendment No. 1 filed on January 23, 2023, Amendment No. 2 filed on February 10, 2023 and Amendment No. 3 filed on March 1, 2023 (together, the "Form 1-A"). Amendment No. 4 is marked with tags to show changes made from the Form 1-A filing. In addition, we have included a narrative response keyed to the comment of the staff of the Division of Corporation Finance (the "Staff") set forth in the Staff's comment letter to Joshua B. Goldstein dated March 10, 2023. We trust you shall deem the contents of this transmittal letter responsive to your comment letter.

<u>Amendment No. 3 to Offering Statement on Form 1-A</u>

<u>General</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Comment**: *We note the organizational and capital structure charts on pages 4 and 5. We also note that you have only filed the Operating Agreement for Masterworks Vault 1, LLC. However, we also note that each series will be issued SPC Ordinary Shares and that a Masterworks entity will be issued SPC Preferred Shares and that Masterworks Cayman SPC will own and hold the artwork. Please file all material and related-party agreements related to the SPC Ordinary Shares, SPC Preferred Shares and the owning and holding of the artwork. Refer to Item 17.6.(b) of Part III of Form 1-A.* **Response:** In response to the Staff's comment, the Company has filed all relevant agreements related to the SPC Ordinary Shares, SPC
 Preferred Shares and the owning and holding of the artwork as Exhibits 6.1, 6.2 and 6.3 to the Form 1-A.

If the Staff has any further comments regarding the offering statement on Form 1-A, or any subsequent amendments to the Company's offering statement on Form 1-A, please feel free to contact the undersigned.

---

| | |
|:---|:---|
| MASTERWORKS VAULT 1, LLC | MASTERWORKS VAULT 1, LLC |
| By: | */s/ Joshua B. Goldstein* |
|  | Joshua B. Goldstein<br> General Counsel and Secretary |

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cc: Donald Field/U.S. Securities and Exchange Commission <br> Taylor Beech/U.S. Securities and Exchange Commission