[swarmee]

Originally Posted by carlsonjok

I have to say that I am bit shocked that us curmudgeons are commenting more than the swells over at Blowout.

I wonder how the Blowout unopened case mutual fund is doing. I thought that signaled the top of the market, but it still ran for a year after that.

https://www.blowoutforums.com/showthread.php?t=1351664

Modern Wax Fund
In February 2020, Attic Investments, in partnership with Blowout Cards, launched the $3.15M Modern Wax Fund, believed to be the first private equity fund in trading cards. This fund followed the structure of a Special Purpose Vehicle with the assets to be acquired already identified and under contract to be closed on by the Fund. The asset acquisition represented 9,202 of individual boxes/sets and was for just over $3M. The most recent quarterly valuation from June 30, 2021 put the value of the underlying assets at $11.67M or an increase of 288.3%. The June 30, 2021 quarter did represent the first negative quarter for the underlying fund assets at -7.6%. The fund will strategically liquidate the assets in years 4-7, with approximately 25% of the assets liquidated each of those years.