Quote:
Originally Posted by oldjudge
At what cost? My sense with baseball cards is that you pay a substantial premium and that you never can physically have the card. To me, fractional ownership seems like a great deal for the organizer and a bad deal for the investor.
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It's a bet on the come, embracing it strictly as an investment and bragging rights at the local pub that you own a piece of xyz famous card.
The bet is that the portfolio, minus admin fees, will appreciate more than an alternative investment. You would also have to consider how many investors would show up at initial subscription, if its poorly subscribed value goes down, over subscribed, value goes up, as well as your ability to move in and out of the fund, someone may have to be a market maker if there is a run on the fund.
Might make sense for some but for me it would take all the fun out of collecting.