ANTHONY L.G., PLLC
laura aNTHONy, esq GEOFFREY ASHBURNE, ESQ* JOHN CACOMANOLIS, ESQ** CHAD FRIEND, ESQ, LLM SVETLANA ROVENSKAYA, ESQ***
OF COUNSEL: MICHAEL R. GEROE, ESQ, CIPP/US**** CRAIG D. LINDER, ESQ***** PETER P. LINDLEY, ESQ, CPA, MBA PHILIP MAGRI, ESQ.****** STUART REED, ESQ MARC S. WOOLF, ESQ | www.ANTHONYPLLC.com WWW.SECURITIESLAWBLOG.COM WWW.LAWCAST.COM
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June 23, 2020
VIA ELECTRONIC EDGAR FILING
Office of Trade & Services
Division of corporate Finance
Securities and Exchange Commission
100 F. Street, N.E.
Washington, D.C. 20549
Re: | Masterworks 016, LLC (the “Company”) Offering Statement on Form 1-A (the “Form 1-A”) Filed May 28, 2020 File No. 024-11227 |
Dear Sir or Madam:
The following is a narrative response herein keyed to the comments of the staff of the Division of Corporation Finance (the “Staff”) set forth in the Staff’s comment letter to Nigel Glenday dated June 22, 2020. We trust you shall deem the contents of this transmittal letter responsive to your comment letter.
Offering Statement on Form 1-A filed May 28, 2020
General
Comment 1: We note that you intend to file a pre-qualification amendment including the name of the painting, artist, and related information, once you have identified the painting you will acquire. Please file a screenshot of your website, which we consider test-the-waters material, as an exhibit to your pre-qualification amendment.
Response: The Company acknowledges the Staff’s Comment and agrees to file a screenshot of the landing page of the Masterworks website at www.Masterworks.io as an exhibit to a pre-qualification amendment to the Company’s Offering Statement on Form 1-A.
If the Staff has any further comments regarding the offering statement on Form 1-A, please feel free to contact the undersigned.
Anthony L.G., PLLC | ||
By: | /s/ Laura Anthony | |
Laura Anthony, Esq. |
cc: | Katherine Bagley/U.S. Securities and Exchange Commission |
Mara Ransom/U.S. Securities and Exchange Commission Craig D. Linder, Esq./Anthony L.G., PLLC | |
Joshua B. Goldstein/Masterworks 016, LLC |
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