FORM OF ART PURCHASE AGREEMENTForm of Art Purchase Agreement • June 24th, 2020 • Masterworks 014, LLC • Retail-retail stores, nec • New York
THIS ART PURCHASE AGREEMENT (“Agreement”) is made and entered into this 24th day of June, 2020 (the “Effective Date”), by and between High Fashion Concepts, LLC, a New York limited liability company with an address at 390 Park Avenue, Ste 1610, New York, NY 10022-4608 (“Seller”), and Masterworks Gallery, LLC, a Delaware limited liability company with an address at 497 Broome Street, New York, New York 10013 (“Agent”). Seller is the sole legal and beneficial owner (“Owner”) of the work of art described in the condition report on Exhibit A attached hereto and incorporated herein by this reference (the “Work”), and has the authority to sell the Work. Agent is acting as agent on behalf of Masterworks 014, LLC (“Buyer”), and has the authority to buy the Work on behalf of Buyer. Seller has agreed to sell the Work to Buyer, and Agent, on behalf of Buyer, has agreed to buy the Work from Seller, on the terms and conditions set forth in this Agreement. In consideration of the mutual promises con
