1-K LIVE 0001968439 XXXXXXXX N N true 12-31-2023 Annual Report 12-31-2023 225 LIBERTY STREET 29TH FLOOR NEW YORK NY 10281 203-518-5172 Class A Ordinary shares MASTERWORKS 246, LLC 0001968439 DE 92-2180866 false 024-12200 04-06-2023 04-06-2023 80600 80600 20.0000 1612000.00 0.00 N/A 0.00 N/A 0.00 N/A 0.00 N/A 0.00 N/A 0.00 N/A 0.00 N/A 12306.00 1612000.00 Estimated Net Proceeds Calculation (above) of $$1,612,000 does not include any offering fees as all fees in connection with the offering are to be paid by Masterworks Administrative Services, LLC.