There may be other apps doing this. I just know this concept is going to make waves in the market.
A client first told me about this and has bought art this way and it has been extremely successful. The major difference is you can't cash out until the item sells.
The seller has to turn this card over to the holding company and it will be held just like gold is in an etf.
In terms of sale price I would think it has to recognized as the sale price.
|