Exhibit 99.1
Masterworks 006, LLC | ||||||
Gross Artwork Sale Proceeds | $ | 8,000,000.00 | ||||
(+) | Cash on Balance Sheet | $ | 131.00 | |||
(-) | Sale Expenses Charged to Issuer | $ | 0.00 | |||
= | Net Liquidation Proceeds | $ | 8,000,131.00 | |||
(-) | Class B Shares | $ | (100.00 | ) | ||
(-) | Class B Profit Share | $ | (395,454.20 | ) | ||
= | Distributable Proceeds to Class A Shares | $ | 7,604,576.80 | |||
(/) | Total Class A Shares Outstanding | 301,138 | * | |||
= | Distributable Proceeds per Class A Share | 25.25 | ||||
(/) | Initial Offering Price per Class A Share | 20.00 | ||||
= | Multiple on Invested Capital (MOIC) | 1.263 | ||||
Offering period | ||||||
Cash Receipt Date | 5/29/2024 | |||||
(-) | Final Offering Close Date | 7/31/2020 | ||||
= | Days from final close to cash receipt | 1,398 | ||||
(/) | Days of year | 365 | ||||
= | IRR Period (in years) | 3.83 | ||||
IRR Calculation | ||||||
MOIC | 1.26264 | |||||
IRR Period (in years) | 3.83 | |||||
IRR | 6.3 | % |
*Reflects 16,718 Class A shares issued in respect of administrative service fees to Masterworks Administrative Services, LLC.