Filed Pursuant to Rule 253(g)(2)
File No. 024-12313
SUPPLEMENT NO. 5 DATED AUGUST 20, 2024
MASTERWORKS VAULT 4, LLC
This Supplement No. 5 dated August 20, 2024 (this “Supplement”), supplements, and should be read in conjunction with, the offering circulars of Masterworks Vault 4, LLC (as amended and supplemented, each, an “Offering Circular” and, together, the “Offering Circulars”), originally filed on August 10 2023, as amended by Post-Qualification Amendment No. 1 filed on August 29, 2023, Post-Qualification Amendment No. 2 filed on September 11, 2023, Post-Qualification Amendment No. 3 filed on September 22, 2023, Post-Qualification Amendment No. 4 filed on October 6, 2023, Post-Qualification Amendment No. 5 filed on November 14, 2023, Post-Qualification Amendment No. 6 filed on November 22, 2023, Post-Qualification Amendment No. 7 filed on December 8, 2023, Post-Qualification Amendment No. 8 filed on January 9, 2024, Post-Qualification Amendment No. 9 filed on January 18, 2024, Post-Qualification Amendment No. 10 filed on February 8, 2024, Post-Qualification Amendment No. 11 filed on March 1, 2024, Post-Qualification Amendment No. 12 filed on March 12, 2024, Post-Qualification Amendment No. 13 filed on March 27, 2024, Post-Qualification Amendment No. 14 filed on April 9, 2024, Post-Qualification Amendment No. 15 filed on April 26, 2024, Post-Qualification Amendment No. 16 filed on May 23, 2024 and Post-Qualification Amendment No. 17 filed on August 7, 2024. 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 June 30, 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 | |
| Alighiero Boetti | 1.46 | |
| Cecily Brown | 1.26 | |
| George Condo | 0.70 | |
| Peter Doig | 0.98 | |
| Lynne Mapp Drexler | N/A | |
| Tracey Emin | N/A | |
| Günther Förg | 1.02 | |
| Barkley L. Hendricks | N/A | |
| Charline von Heyl | N/A | |
| Jacqueline Humphries | N/A | |
| Alice Neel | N/A | |
| Elizabeth Peyton | N/A | |
| Avery Singer | N/A | |
| Pierre Soulages | 0.56 | |
| Jonas Wood | 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 | |||||||||||
| Alighiero Boetti | 25.3 | % | $ | 2,100 | April 29, 1988 | $ | 7,400,000 | June 30, 2024 | ||||||||
| Cecily Brown | 20.2 | % | $ | 75,000 | November 13, 2000 | $ | 5,800,000 | June 30, 2024 | ||||||||
| George Condo | 22.5 | % | $ | 2,500 | May 6, 1986 | $ | 5,805,900 | June 30, 2024 | ||||||||
| Peter Doig | 39.9 | % | $ | 3,968 | June 23, 1997 | $ | 34,500,000 | June 30, 2024 | ||||||||
| Lynne Mapp Drexler | 57.5 | % | $ | 50 | April 19, 2002 | $ | 1,200,000 | June 30, 2024 | ||||||||
| Tracey Emin | 15.2 | % | $ | 137,199 | February 7, 2001 | $ | 3,773,000 | June 30, 2024 | ||||||||
| Günther Förg | 11.2 | % | $ | 38,000 | May 8, 1990 | $ | 1,426,635 | June 30, 2024 | ||||||||
| Barkley L. Hendricks | 60.8 | % | $ | 3,250 | May 5, 2008 | $ | 7,000,000 | June 30, 2024 | ||||||||
| Charline von Heyl | 31.7 | % | $ | 6,293 | March 14, 2009 | $ | 428,210 | June 30, 2024 | ||||||||
| Jacqueline Humphries | 21.0 | % | $ | 1,700 | February 22, 1993 | $ | 675,000 | June 30, 2024 | ||||||||
| Alice Neel | 18.6 | % | $ | 3,000 | February 23, 1985 | $ | 2,500,000 | June 30, 2024 | ||||||||
| Elizabeth Peyton | 26.7 | % | $ | 6,000 | November 17, 1999 | $ | 2,033,333 | June 30, 2024 | ||||||||
| Avery Singer | 110.3 | % | $ | 28,711 | October 6, 2017 | $ | 4,300,000 | June 30, 2024 | ||||||||
| Pierre Soulages | 19.6 | % | $ | 12,271 | December 4, 1983 | $ | 17,300,000 | June 30, 2024 | ||||||||
| Jonas Wood | 75.0 | % | $ | 11,000 | June 7, 2013 | $ | 5,400,000 | June 30, 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 | ||||||||
| Alighiero Boetti | 14.4 | % | 33 | December 8, 1999 | May 16, 2024 | |||||||
| Cecily Brown | 17.9 | % | 33 | November 14, 2000 | May 17, 2024 | |||||||
| George Condo | 15.4 | % | 96 | May 8, 1996 | June 27, 2024 | |||||||
| Peter Doig | 19.8 | % | 36 | November 17, 1999 | October 13, 2023 | |||||||
| Lynne Mapp Drexler | N/A | N/A | N/A | N/A | ||||||||
| Tracey Emin | N/A | N/A | N/A | N/A | ||||||||
| Günther Förg | 19.9 | % | 52 | July 2, 1998 | May 14, 2024 | |||||||
| Barkley L. Hendricks | N/A | N/A | N/A | N/A | ||||||||
| Charline von Heyl | N/A | N/A | N/A | N/A | ||||||||
| Jacqueline Humphries | N/A | N/A | N/A | N/A | ||||||||
| Alice Neel | N/A | N/A | N/A | N/A | ||||||||
| Elizabeth Peyton | N/A | N/A | N/A | N/A | ||||||||
| Avery Singer | N/A | N/A | N/A | N/A | ||||||||
| Pierre Soulages | 13.1 | % | 31 | May 9, 1996 | December 13, 2023 | |||||||
| Jonas Wood | N/A | N/A | N/A | N/A | ||||||||
Artist Market Profiles
| Artist | Artist Market Profiles | |
| Alighiero Boetti | Mature | |
| Cecily Brown | Established | |
| George Condo | Established | |
| Peter Doig | Established | |
| Lynne Mapp Drexler | Emerging | |
| Tracey Emin | Established | |
| Günther Förg | Emerging | |
| Barkley L. Hendricks | Emerging | |
| Charline von Heyl | Speculative | |
| Jacqueline Humphries | Speculative | |
| Alice Neel | Emerging | |
| Elizabeth Peyton | Emerging | |
| Avery Singer | Emerging | |
| Pierre Soulages | Mature | |
| Jonas Wood | Emerging |