Exhibit 99.1
Masterworks 151, LLC | ||||||
Gross Artwork Sale Proceeds | $ | 2,100,000.00 | ||||
(+) | Cash on Balance Sheet | $ | 110.00 | |||
(-) | Sale Expenses Charged to Issuer | $ | 0.00 | |||
= | Net Liquidation Proceeds | $ | 2,100,110.00 | |||
(-) | Class B Shares | $ | (100.00 | ) | ||
(-) | Class B Profit Share | $ | (161,858.00 | ) | ||
= | Distributable Proceeds to Class A Shares | $ | 1,938,152.00 | |||
(/) | Total Class A Shares Outstanding | 64,536 | ||||
= | Distributable Proceeds per Class A Share | 30.03 | ||||
(/) | Initial Offering Price per Class A Share | 20.00 | ||||
= | Multiple on Invested Capital (MOIC) | 1.50 | ||||
Offering period | ||||||
Cash Receipt Date | 7/25/2023 | |||||
(-) | Final Offering Close Date | 11/8/2022 | ||||
= | Days from final close to cash receipt | 259 | ||||
(/) | Days of year | 365 | ||||
= | IRR Period (in years) | 0.71 | ||||
IRR Calculation | ||||||
MOIC | 1.50 | |||||
IRR Period (in years) | 0.71 | |||||
IRR | 77.3 | % |
*Reflects 686 Class A shares issued in respect of administrative service fees to Masterworks Administrative Services, LLC.