Filed Pursuant to Rule 253(g)(2)
File No. 024-12289
SUPPLEMENT NO. 6 DATED FEBRUARY 24, 2025
MASTERWORKS VAULT 3, LLC
This Supplement No. 6 dated February 24, 2025 (this “Supplement”), supplements, and should be read in conjunction with, the offering circulars of Masterworks Vault 3, LLC (as amended and supplemented, each, an “Offering Circular” and, together, the “Offering Circulars”), originally filed on June 27, 2023, as amended by Post-Qualification Amendment No. 1 filed on August 4, 2023, Post-Qualification Amendment No. 2 filed on September 13, 2023, Post-Qualification Amendment No. 3 filed on September 25, 2023, Post-Qualification Amendment No. 4 filed on October 23, 2023, Post-Qualification Amendment No. 5 filed on January 8, 2024, Post-Qualification Amendment No. 6 filed on January 23, 2024, Post-Qualification Amendment No. 7 filed on March 6, 2024, Post-Qualification Amendment No. 8 filed on March 19, 2024, Post-Qualification Amendment No. 9 filed on April 2, 2024, Post-Qualification Amendment No. 10 filed on April 22, 2024, Post-Qualification Amendment No. 11 filed on May 28, 2024, Post-Qualification Amendment No. 12 filed on July 10, 2024, Post-Qualification Amendment No. 13 filed on September 3, 2024, Post-Qualification Amendment No. 14 filed on December 26, 2024, Post-Qualification Amendment No. 15 filed on January 17, 2025 and Post-Qualification Amendment No. 16 filed on February 13, 2025. This Supplement should be read in conjunction with the Offering Circulars (including the disclosures incorporated by reference therein). Unless otherwise defined in this Supplement, capitalized terms used in this Supplement shall have the same meaning as set forth in the Offering Circulars. Except as set forth in this Supplement, the Offering Circulars remain unchanged.
The purpose of this Supplement is to disclose certain changes to the Offering Circulars relating to the Artwork and Artist Metrics. Particularly, the Masterworks public sale database has been updated as of December 31, 2024. Accordingly, the Sharpe Ratio, Record Price Appreciation, Median Repeat Sale Pair Appreciation and Artist Market Profile for each relevant artist listed in the “Description of Business - Artist Metrics” section of the Offering Circulars has been updated, as applicable, as shown below.
“Sharpe Ratio”
| Artist | Sharpe Ratio | |
| Banksy | 1.31 | |
| Hernan Bas | N/A | |
| Mark Bradford | N/A | |
| Cecily Brown | 1.26 | |
| George Condo | 0.70 | |
| Lynne Mapp Drexler | N/A | |
| Helen Frankenthaler | 1.62 | |
| Sam Gilliam | 1.11 | |
| Yayoi Kusama | 1.07 | |
| Simone Leigh | N/A | |
| Park Seo-Bo | N/A | |
Record Price Appreciation
| Artist | Compound Annual Growth Rate (“CAGR”) | First Record Price | First Record Price Date | Last Record Price | Last Record Price Date | |||||||||||
| Banksy | 58.2 | % | $ | 1,354 | November 18, 2003 | $ | 21,936,000 | December 31, 2024 | ||||||||
| Hernan Bas | 19.7 | % | $ | 75,000 | May 11, 2006 | $ | 2,151,003 | December 31, 2024 | ||||||||
| Mark Bradford | 24.5 | % | $ | 270,000 | May 15, 2008 | $ | 10,353,110 | December 31, 2024 | ||||||||
| Cecily Brown | 19.7 | % | $ | 75,000 | November 13, 2000 | $ | 5,800,000 | December 31, 2024 | ||||||||
| George Condo | 22.2 | % | $ | 2,500 | May 6, 1986 | $ | 5,805,900 | December 31, 2024 | ||||||||
| Lynne Mapp Drexler | 36.3 | % | $ | 150 | October 26, 1995 | $ | 1,258,333 | December 31, 2024 | ||||||||
| Helen Frankenthaler | 12.3 | % | $ | 60,000 | May 9, 1984 | $ | 6,700,000 | December 31, 2024 | ||||||||
| Sam Gilliam | 22.2 | % | $ | 3,100 | March 20, 1993 | $ | 1,800,000 | December 31, 2024 | ||||||||
| Yayoi Kusama | 23.4 | % | $ | 10,000 | October 9, 1992 | $ | 8,800,000 | December 31, 2024 | ||||||||
| Simone Leigh | 82.0 | % | $ | 35,000 | November 17, 2017 | $ | 2,500,000 | December 31, 2024 | ||||||||
| Park Seo-Bo | 35.6 | % | $ | 7,000 | March 28, 2006 | $ | 2,141,091 | December 31, 2024 | ||||||||
Median Repeat Sale Pair Appreciation
| Artist | Median Repeat Sale Pair Appreciation Rate | Number of Repeat Sales | First Repeat Sale Pair Date | Last Repeat Sale Pair Date | ||||||||
| Banksy | 14.4 | % | 30 | February 7, 2007 | October 10, 2024 | |||||||
| Hernan Bas | N/A | N/A | N/A | N/A | ||||||||
| Mark Bradford | N/A | N/A | N/A | N/A | ||||||||
| Cecily Brown | 18.0 | % | 36 | November 14, 2000 | October 9, 2024 | |||||||
| George Condo | 15.2 | % | 97 | May 8, 1996 | September 27, 2024 | |||||||
| Lynne Mapp Drexler | N/A | N/A | N/A | N/A | ||||||||
| Helen Frankenthaler | 15.0 | % | 27 | November 21, 1996 | May 17, 2024 | |||||||
| Sam Gilliam | 19.2 | % | 16 | September 21, 2003 | March 7, 2024 | |||||||
| Yayoi Kusama | 20.7 | % | 186 | March 11, 1998 | November 26, 2024 | |||||||
| Simone Leigh | N/A | N/A | N/A | N/A | ||||||||
| Park Seo-Bo | N/A | N/A | N/A | N/A | ||||||||
Artist Market Profiles
| Artist | Artist Market Profiles | |
| Banksy | Established | |
| Hernan Bas | Emerging | |
| Mark Bradford | Emerging | |
| Cecily Brown | Established | |
| George Condo | Established | |
| Lynne Mapp Drexler | Emerging | |
| Helen Frankenthaler | Established | |
| Sam Gilliam | Emerging | |
| Yayoi Kusama | Mature | |
| Simone Leigh | Emerging | |
| Park Seo-Bo | Emerging |