In recent years, sports memorabilia have experienced a resurgence. The collectable enables users to invest in products they enjoy, understand, and believe will appreciate by sourcing, authenticating, and vaulting sports cards and memorabilia from dealers and auction houses, creating actual equity shares, and facilitating purchasing and trading.
What is collectable?
Collectable is an online community and investment platform for sports lovers interested in investing in sports memorabilia. Investors can purchase fractional ownership of rare, valuable, and culturally important sports items through the company.
Who should use collectable?
Collectable is a great place to put your money if you want to:
- Fans of sports who want to possess a piece of history.
- Investors, looking to alter their portfolio with a different type of investment.
- Long-term investors, as there is no certainty that a collectible will sell and create returns for investors within a specific time frame.
- Investors, interested in purchasing shares of expensive sports memorabilia and then selling them later to profit from the increase in value over time.
Highlights
- New investments are available every week
- Multiple security measures
- Items are on display
- Offers maximum sellers flexibility
What kind of sports memorabilia can you sell on Collectable?
Sports cards, game-used memorabilia, autographs, and other memories are all available at Collectable like-
- Mickey Mantle – Mint 10 (PSA): $25 per share, 1953 Topps Mickey Mantle – Mint 10 (PSA): $25 per share, 1953 Topps Mickey Mantle
- Fleer Michael Jordan – Mint 10 (PSA): $10 per share, 1986 Fleer Michael Jordan – Mint 10 (PSA): $10 per share, 1986 Fleer Michael Jordan
- Wilt Chamberlain’s game-worn and autographed uniform from 1954: $25 per share
- $36 per share for a 1933 baseball signed by both Babe Ruth and Lou Gehrig.
How does collectable work?
Memorabilia is chosen by an advisory board
Collectable’s team curates the offers (memorabilia) and board of advisors made of industry specialists, based on the desirability, rarity, authenticity, and market demand.
Items come from worldwide, from collectors, merchants, auction houses, and private individuals.
Collectable and its advisory board will decide how many shares to issue and how much each share will cost once the item has been chosen. Recent comparables, independent appraisals, and expert opinions all play a role in determining the price.
The shares will be available for purchase, and buyers will be able to buy as many as they wish.
Money is placed in a safe deposit box
There is a 90-day lockup period after investors have purchased all of the available shares. It’s worth noting that investors won’t have access to their money for the first 90 days. Investors will also be unable to sell shares during this time unless the item is purchased at a higher price.
Items are bought or sold in the secondary market
Items purchased will be available for users to buy, sell, and trade on Collectable’s secondary market. In addition, Collectable’s platform can also be used to purchase items.
How to get started?
The steps below will show you how to get started investing with Collectable:
Step 1: On your Android or iOS device, download the Collectable app.
Step 2: Fill out the required information in the app, such as your income, net worth, and risk tolerance levels. This assists Collectable in determining your investment suitability.
Step 3: Determine whether or not you are an accredited investor. Non-accredited investors are welcome to join Collectable, although some investments may be reserved for authorized investors only.
Step 4: Deposit into your account. You can do this by using Plaid to link your bank account to Collectable. You can also fund your account with a credit card, an ACH transfer, or a wire transfer.
Step 5. Once you’ve acquired your shares, you’ll need to fill out and sign a Subscription Agreement to complete the transaction and reserve your shares.
Fees
On each financed offering, Collectable receives a sourcing fee. This fee will be a mix of cash and shares in the offering, according to the document. The fees for each listed offering will vary, but they will be fully disclosed in the Offering Circular.
Every trade is charged a 1% fee by Templum Markets LLC, which runs Collectable’s secondary trading market. Both buyer and seller are responsible for this cost. If you use Plaid to link your bank account, you can fund your account for free. If you pay with a credit card, though, you’ll be charged 3.15 percent plus $0.70.
Is collectable trustworthy?
Memorabilia might be included in a well-balanced portfolio. However, investing in something with minimal liquidity is dangerous. This isn’t like a stock, bond, or real estate investing. The value fluctuates, making it difficult to sell your shares if you need cash.
On the other hand, Collectable mitigates the risk by making share prices accessible to the general public. It also provides useful analysis for each asset listed on its website and is a viable secondary market selling option.
This is not the type of investment that you should make as the foundation of your portfolio. However, it could be a nice approach to add some variety and have some fun in the process.
Risk of Investing
Keep the points in mind mentioned below before investing with Collectable:
- The value of the item, such as a Topps baseball card, is linked to a particular person or group or specific events. If these individuals lose face in the public eye, the item’s value may plummet.
- This is a niche industry with few consumers; there is no certainty that the item will sell soon.
Pros and cons
Conclusion
Collectable is a terrific investment platform to diversify your portfolio, whether you’re a seasoned sports memorabilia investor or new to the field.
Collectable remains a unique and appealing investment choice because it provides investors with a continual stream of fresh investment opportunities and the opportunity to own a piece of sporting history.
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FAQ
What is collectable?
Collectable is an online community and investment platform for sports lovers interested in investing in sports memorabilia. Investors can purchase fractional ownership of rare, valuable, and culturally important sports items through the company.
Is collectable trustworthy?
Memorabilia might be included in a well-balanced portfolio. However, investing in something with minimal liquidity is dangerous. This isn’t like a stock, bond, or real estate investing. The value fluctuates, making it difficult to sell your shares if you need cash.