# EDGAR Filing Document

**Accession Number:** 0001956500
**File Stem:** 0001493152-23-003142
**Filing Date:** 2023-1
**Character Count:** 6277
**Document Hash:** 11d25076c4b5abfb012e83bec8509fc6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-003142.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0001493152-23-003142

**CONFORMED SUBMISSION TYPE**: 1-U

**PUBLIC DOCUMENT COUNT**: 10

**CONFORMED PERIOD OF REPORT**: 20230131

**ITEM INFORMATION**: Other Events

**FILED AS OF DATE**: 20230131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Masterworks 212, LLC
- **CENTRAL INDEX KEY:** 0001956500
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-RETAIL STORES, NEC [5990]
- **IRS NUMBER:** 921136651
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 1-U
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 24R-00764
- **FILM NUMBER:** 23572358

**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

**January 31, 2023**

Date of Report: (Date of earliest event reported)

**MASTERWORKS 212, LLC**

(Exact name of issuer as specified in its charter)

---

| | |
|:---|:---|
| **Delaware** | **92-1136651** |
| 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.](ex15b.htm) |
| 99.1 | [Promotional video transcript.](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 212, LLC | MASTERWORKS 212, LLC |
|  | By: | */s/ Joshua B. Goldstein* |
|  | Name: | Joshua B. Goldstein |
|  | Title: | General Counsel |
| Date: January 31, 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 Nathan Krasnick and I work on the operations team here at Masterworks.

We are excited to announce our latest offering by the late Chinese artist, Zao Wou-Ki. In 2021, Zao Wou-Ki's auction turnover reached over $170 million, ranking him eleventh among all artists worldwide.

To provide investment quality offerings by the artist, our acquisitions team has reviewed over 150 examples of Zao Wou-Ki's work from around the world, many of which are priced in excess of $3 million. Of these examples, this is the sixth we have selected to be offered on the Masterworks platform.

Entitled "x0x6x.x1x0x.x7x0x," the current offering was painted in 1970 during the tail-end of the artist's seminal "Hurricane Period." The painting employs active brushwork and a tripartite composition commonly associated with works from this period, but also exhibits a softer palette and areas of blended colors, an evolution that would continue in his work into the mid 1970s.

As of January 2023, examples similar in period, scale and composition to the Painting have achieved prices in excess of $1 million in the past year. These recent works include: "14.10.69" (1969), which sold for $1.5 million at Phillips, Hong Kong in December of 2022, "20.2.76" (1976), which falls outside the "Hurricane Period" and sold for $1.2 million at Xiling Yinshe Auction in Hangzhou, China in August of 2022, and "6.11.72" (1972), which sold for $1.25 million at Poly Auction in Hong Kong in July of 2022.

Between May 1988 to August 2022, auction sales of similar works to our offering have increased at an estimated annualized appreciation rate of 15.4%. Between February 1985 to September 2022, the record auction price for Zao Wou-Ki's works has grown at a compound annualized rate of 31.7%.