1-Z LIVE 0001845485 XXXXXXXX N true Masterworks 048, LLC 1 World Trade Center 57th Floor New York NY 10007 203-518-5172 024-11476 Class A Ordinary Shares 024-11476 0 0001845485 Masterworks 048, LLC Masterworks 048, LLC /s/ Josh Goldstein 06-29-2026 General Counsel, Secretary and Member of the Board of Managers