1953 Topps PSA 10 Mickey Mantle IPO on Collectible App a Game Changer

[Rhotchkiss]

How are the shares taxed on sale?

How is collectible/the sponsor compensated?

[Snapolit1]

Originally Posted by Rhotchkiss

How are the shares taxed on sale?

How is collectible/the sponsor compensated?

Having been part of a few race horse partnerships, the house always gets paid nicely. Yes, they do "all the work" but they also get most of the fun too.

[Dpeck100]

Originally Posted by Snapolit1

Having been part of a few race horse partnerships, the house always gets paid nicely. Yes, they do "all the work" but they also get most of the fun too.

Your point is well taken but it isn't a good analogy in this case. Horses need to fed and trained. A card sits in a vault.

Time will tell how this plays out but judging from the art side it has just put more fire under high quality pieces and I believe the same will happen here.

[samosa4u]

[trambo]

Collectable was an app that used to be used to track all of the auction house listings in one place. They were going to monetize (I think) by ad revenue and/or subscription. It was pretty awesome to use but about a year ago they stopped supporting it and i believe they sold it to the current people who are doing the fractional share as discussed.

I think the model is pretty interesting in general for cards like a Wagner, 52 Mantle, 86 Jordan Gem Mint (PSA or SGC) and cards of that class. Not sure if I'd ever invest in fractional shares of something if I knew the price was inflated to current market estimates versus what any seller of these said. In the case of the Wagner fractional share, it looked like the purchaser of the card had a 15-20% markup built into their model from their purchase price and likely got something on the back end at the terminal event (sale).

Certainly the model can work but doing a fair bit more research would be required (at least for me anyway). I'll likely stick to cards I can buy versus parts of one I wouldn't otherwise be able to buy. Still an interesting concept, though! Good luck to those who are going for it!

[MattyC]

I’m giving it a whirl. Beautiful card and other versions of this fractional ownership stuff have done very well.

[Sean1125]

Other platforms have seen some success with low liquidity (one trading window every 3-4 months).

This will be far more successful with daily trading.

This one offers trading Monday to Friday. Awesome.

Liquidity on a secondary market. The actual card is the stock.

I saw this card in a binder and know it's origin collection which was in my backyard. Finest '53 Mantle and 100% unaltered, which is difficult to say in today's market.

Happy to own some of it.

I'm in.

[Dpeck100]

It states you will get a 1099 if you make transactions and only references dividends. Not sure on taxes.

Obviously this isn't for everyone but you are going to see a lot of people get involved in this kind of situation.

Cards have proven to be an incredible alternative asset class and people want in and so this concept makes all the since in the world.

I would love to own a Jordan 10 but it would tie up too much of my liquid cash in one card and so I am someone who this is perfect for. To be able to put say 5k or 10k in one and share the upside or downside with others is tremendous.

My investments in trading cards have been the best ones I have ever made in my life on a percentage basis and I continue to believe in the market so if someone wants to put more money in and have liquidity and diversify into bigger and better cards this is a concept that allows for that and I believe will become quite popular.