0000000000-20-005946.txt : 20200813 0000000000-20-005946.hdr.sgml : 20200813 20200702130536 ACCESSION NUMBER: 0000000000-20-005946 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200702 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Masterworks 016, LLC CENTRAL INDEX KEY: 0001813339 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RETAIL STORES, NEC [5990] IRS NUMBER: 851144500 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 497 BROOME STREET CITY: NEW YORK STATE: NY ZIP: 10013 BUSINESS PHONE: 203 518 5172 MAIL ADDRESS: STREET 1: 497 BROOME STREET CITY: NEW YORK STATE: NY ZIP: 10013 PUBLIC REFERENCE ACCESSION NUMBER: 0001493152-20-010056 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]4>7!E+UA/8FIE8W0O0V]L;W)3 M<&%C92]$979I8V5',Z%$;3 BU,"VEA6J % M6J %6J %6J %6J %6O ]*WOEK(,D*\X#9H:[]P]6<&19EAU+^GP>RR(B(B(B M(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B+_-A\?'^_O[V]O;Z^OKR\' MGI^?GP[$AY="%(AB43AV^=.M%A$1$1$1$9$?2,H4S\_/CX^/]_?WOP[<'=E- MR6+L]?OW[ZCAZ>GI]?5504-$1$1$1$1$+N;M[>WIZ>GAX6&_WS<"Q:]?O^[O M[^.KQW.(\K]__VZJBLJ1,EY>7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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Glenday Chief Executive Officer Masterworks 016, LLC 497 Broome Street New York, New York 10013 Re: Masterworks 016, LLC Offering Statement on Form 1-A Supplemental Response dated June 23, 2020 File No. 024-11227 Dear Mr. Glenday: We have reviewed your response and have the following comment. In our comment, 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 comment applies 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 this comment, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our June 22, 2020 letter. Supplemental Response filed June 23, 2020 General 1. We note that your public website contains a "Secondary Trading" tab that appears to be active. We also note the disclosure in Masterworks 017, LLC that "Masterworks has recently activated a bulletin board as part of the Masterworks Platform, referred to as the Masterworks 'Secondary Market'." Please amend your disclosure discuss your Secondary Market, consistent with the disclosure provided in Masterworks 017, LLC. Include any relevant updates to your Secondary Market that have occurred since you provided the disclosure in Masterworks 017, LLC. Nigel S. Glenday FirstName LastNameNigel S. Glenday Masterworks 016, LLC Comapany July 1, 2020NameMasterworks 016, LLC July 1,2 2020 Page 2 Page FirstName LastName Please contact Katherine Bagley at (202) 551-2545 or Mara Ransom at (202) 551-3264 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services cc: Laura Anthony, Esq.