Why does this have to involve a blockchain? You could simply form an LLC and have people put in cash and vote on what they want done and what/when to buy and sell.
Personally, if I own some collectible, I'd want to actually have and hold it in my personal collection, not say to someone I own .000001% of say a T206 Wagner, and then just show them an online image of one I can claim to own a piece of. That isn't collecting, that is investing. And quite frankly, given all the drama and known issues in this hobby, especially the allegations and rumors surrounding many of the dealers, AHs, TPGs, and card doctors/restorers that work in and around it, I'm not so sure this is the proper vehicle to use and rely on for long term investment purposes for most people.
The investment/stock markets are protected by specific laws, and groups like the SEC. Advisors and sellers of typical investment products (stocks, bonds, etc.) generally have to be trained, licensed and are subject to independent oversight. They all have to abide by similar rules and standards that they do not simply decide upon and set themselves. Even the opinions given on a publicly traded company's financial statements can only be rendered by completely independent CPAs/CPA firms, using a single, unique set of established standards that ALL CPAs and CPA firms have to explicitly follow, all CPAs must engage in ongoing professional education every year to maintain their licenses, and also every CPA firm rendering such opinions must allow others from the industry to periodically come in and review their records, systems, and work to ensure they are abiding by the strict rules and standards set for them to render their opinions. Meanwhile, try going and asking a TPG why in their opinion your card only got a 3 instead of a 4 grade, or why one TPG's opinion on a card can be so different from another's. You can't get TPGs to consistently agree to one set of grading standards among themselves, and exactly what training and education do TPG graders even have to go through? And the value of investments, such as stocks, should be based solely on the attributes and financials of the underlying company who's shares are being bought and sold, not also somewhat affected by or even partially dependent upon which CPA firm rendered an opinion on that company's financial statement. So if we are going to be forced to treat cards like investments, shouldn't their value also be based solely on the underlying attributes and condition of the cards, and not affected whatsoever by which TPG graded and rendered an opinion on them? That makes sense to me!
So, it would also seem to me that if we are really going to have our hobby turned into an investment vehicle, whether we like/want it or not, we should start making sure that more appropriate rules, regulations, consistent standards, and oversight of those in and servicing are hobby....errr, investment industry, are being enacted and put in place. Otherwise, we're all just potential marks to be taken advantage of at some point by those that seem to be currently controlling and running our hobby. But honestly, it is probably way too late for the actual collectors/hobbyists to have any hopes of ever reigning in the individuals and companies currently controlling and running things, and simply more interested in lining their pockets. One can always hope though...............
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