<SEC-DOCUMENT>0001493152-26-001663-index.html : 20260112
<SEC-HEADER>0001493152-26-001663.hdr.sgml : 20260112
<ACCEPTANCE-DATETIME>20260112145606
ACCESSION NUMBER:		0001493152-26-001663
CONFORMED SUBMISSION TYPE:	1-U
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20260112
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20260112

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Masterworks 203, LLC
		CENTRAL INDEX KEY:			0001955692
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-RETAIL STORES, NEC [5990]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				921070121
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		1-U
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	24R-00770
		FILM NUMBER:		26526308

	BUSINESS ADDRESS:	
		STREET 1:		1 WORLD TRADE CENTER
		STREET 2:		57TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10007
		BUSINESS PHONE:		2035185172

	MAIL ADDRESS:	
		STREET 1:		1 WORLD TRADE CENTER
		STREET 2:		57TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10007
</SEC-HEADER>
<DOCUMENT>
<TYPE>1-U
<SEQUENCE>1
<FILENAME>form1-u.htm
<DESCRIPTION>1-U
<TEXT>
Document 1 - file: form1-u.htm

</DOCUMENT>
</SEC-DOCUMENT>