fishpaul Posted February 13, 2020 Share Posted February 13, 2020 Does anyone think having fractional ownership in very expensive books has potential to catch on? So therefore, let’s say an opportunity presented itself for a group of people to purchase a Detective 27 in fine condition for $$$$, and instead of a single buyer shelling out all the money, a group of 5 to 10 investors pulled their funds together to purchase it. The two caveats I see are, where the book is held, and what if one of the investors wants out before the others. Obviously the book doesn’t get passed around from person to person. The similarity would be in a group of people buying into any high value asset. Link to comment Share on other sites More sharing options...
theCapraAegagrus Posted February 13, 2020 Share Posted February 13, 2020 oldmilwaukee6er, davidtere and Deadpoolica 3 Link to comment Share on other sites More sharing options...
jjonahjameson11 Posted February 13, 2020 Share Posted February 13, 2020 11 minutes ago, fishpaul said: Does anyone think having fractional ownership in very expensive books has potential to catch on? So therefore, let’s say an opportunity presented itself for a group of people to purchase a Detective 27 in fine condition for $$$$, and instead of a single buyer shelling out all the money, a group of 5 to 10 investors pulled their funds together to purchase it. The two caveats I see are, where the book is held, and what if one of the investors wants out before the others. Obviously the book doesn’t get passed around from person to person. The similarity would be in a group of people buying into any high value asset. I thought of doing this sort of 'mutual fund' approach towards ownership nearly 30 years ago...a lot of heads nodding in agreement, but when it came time to put up funds, everyone scattered back to their hiding places, like cockroaches in the dark. The Lions Den, musicmeta and davidtere 3 Link to comment Share on other sites More sharing options...
Gotham Kid Posted February 13, 2020 Share Posted February 13, 2020 (edited) 20 minutes ago, fishpaul said: So therefore, let’s say an opportunity presented itself for a group of people to purchase a Detective 27 in fine condition for $$$$ say ... 1Mil ? as advertised on Metro site Edited February 13, 2020 by Gotham Kid Link to comment Share on other sites More sharing options...
Popular Post Jeffro. Posted February 13, 2020 Popular Post Share Posted February 13, 2020 29 minutes ago, fishpaul said: Does anyone think having fractional ownership in very expensive books has potential to catch on? So therefore, let’s say an opportunity presented itself for a group of people to purchase a Detective 27 in fine condition for $$$$, and instead of a single buyer shelling out all the money, a group of 5 to 10 investors pulled their funds together to purchase it. The two caveats I see are, where the book is held, and what if one of the investors wants out before the others. Obviously the book doesn’t get passed around from person to person. The similarity would be in a group of people buying into any high value asset. Won't work. Too many cooks spoil the vichyssoise. mec3437, porcupine48, Lazyboy and 2 others 5 Link to comment Share on other sites More sharing options...
fishpaul Posted February 13, 2020 Author Share Posted February 13, 2020 What doesn’t make this form of ownership easy is, where to books are held, how does someone liquidate or divest their ownership position, and the ability to see what’s going on behind the scene. Also as we all know, comic book values go up and down. They run in cycles pretty much in lockstep with other assets appreciating. So during times when the economy is firing on all cylinders, and more people have disposable income, values appreciate. The inverse during recessions. One would like to think that comics are highly liquid. Not the case. Agree or disagree, the higher the value, the fewer buyers available to purchase. Link to comment Share on other sites More sharing options...
BlowUpTheMoon Posted February 13, 2020 Share Posted February 13, 2020 10 minutes ago, Jeffro. said: Won't work. Too many cooks spoil the vichyssoise. You made me google "vichyssoise". Link to comment Share on other sites More sharing options...
comicdonna Posted February 13, 2020 Share Posted February 13, 2020 1 hour ago, fishpaul said: Does anyone think having fractional ownership in very expensive books has potential to catch on? So therefore, let’s say an opportunity presented itself for a group of people to purchase a Detective 27 in fine condition for $$$$, and instead of a single buyer shelling out all the money, a group of 5 to 10 investors pulled their funds together to purchase it. The two caveats I see are, where the book is held, and what if one of the investors wants out before the others. Obviously the book doesn’t get passed around from person to person. The similarity would be in a group of people buying into any high value asset. You should check this thread out. Krismusic 1 Link to comment Share on other sites More sharing options...
Popular Post oakman29 Posted February 13, 2020 Popular Post Share Posted February 13, 2020 Simply, an incredibly bad idea.👎 theCapraAegagrus, Deadpoolica, D84 and 5 others 7 1 Link to comment Share on other sites More sharing options...
mattn792 Posted February 13, 2020 Share Posted February 13, 2020 Multiple investment minded professionals who care about capital gains, not comics, with established trust and a solid ownership contract in place amongst themselves could make this work. Multiple comic collectors? See the Simpsons clip above. Krismusic, oakman29, Antpark and 1 other 4 Link to comment Share on other sites More sharing options...
Buzzetta Posted February 13, 2020 Share Posted February 13, 2020 Get a digital copy... print it out on construction paper and send it to CBCS - with luck they will mark it as a .01 Restored copy. I kid I kid... Link to comment Share on other sites More sharing options...
comicquant Posted February 13, 2020 Share Posted February 13, 2020 There are now ads going around on IG to setup the same sort of investment group For comics . If it’s professionally setup with contracts etc I can see it being viable as an investment practice. I personally would never consider it. Link to comment Share on other sites More sharing options...
an99 Posted February 13, 2020 Share Posted February 13, 2020 My friend actually talked to me about this not that long ago. I listened, nodded and then flat out said "no." I think the biggest thing for me was not being able to have the book in hand. Link to comment Share on other sites More sharing options...
jjonahjameson11 Posted February 13, 2020 Share Posted February 13, 2020 Again, we are talking about expensive books that you wouldn’t be able to afford otherwise so it doesn’t make sense to have it in your house or Frank’s house, etc. We’re talking about books that belong in a bank vault. Link to comment Share on other sites More sharing options...
Popular Post thunsicker Posted February 13, 2020 Popular Post Share Posted February 13, 2020 I'm fine with fractional ownership of a big book. As long as the fraction is 1/1. Krismusic, c_mkv, theCapraAegagrus and 2 others 5 Link to comment Share on other sites More sharing options...
valiantman Posted February 13, 2020 Share Posted February 13, 2020 (edited) 24 minutes ago, TTV Norman CU said: It's been tried. Failed miserably. http://www.gotcgc.com/ It was also tried on comicshares.com The idea is good. The execution will be difficult, and it will require major support from major players in both the comic book industry and experts in regulated markets and security exchanges... not just a guy in a garage (see PGX, for example) or a regular comic dealer who would like to make a little extra money. It'll happen for real when the CGC level of people/businesses get involved. The PGX do-it-yourself knock-off version isn't going to happen. P.S. It doesn't have to start with comic books. Selling shares in million dollar gold coins or paintings (or whatever) would also work, then comics get added to the exchange later. Edited February 13, 2020 by valiantman Link to comment Share on other sites More sharing options...
Krismusic Posted February 13, 2020 Share Posted February 13, 2020 3 hours ago, fishpaul said: Does anyone think having fractional ownership in very expensive books has potential to catch on? So therefore, let’s say an opportunity presented itself for a group of people to purchase a Detective 27 in fine condition for $$$$, and instead of a single buyer shelling out all the money, a group of 5 to 10 investors pulled their funds together to purchase it. The two caveats I see are, where the book is held, and what if one of the investors wants out before the others. Obviously the book doesn’t get passed around from person to person. The similarity would be in a group of people buying into any high value asset. this was talked about previously and there is a website where you would buy shares I brought up a few issues of how legitimate it is and security also how do you get your money back etc... I tried to find the thread but not luck... Link to comment Share on other sites More sharing options...
theCapraAegagrus Posted February 13, 2020 Share Posted February 13, 2020 Does anyone wanna go-in 50/50 on my collection? Caveat: The collection will remain at my home. You can handle and view any co-owned property at my permission. Link to comment Share on other sites More sharing options...
Krismusic Posted February 13, 2020 Share Posted February 13, 2020 2 hours ago, Jeffro. said: Won't work. Too many cooks spoil the vichyssoise. oh man I was looking for that clip we need part 6 the ending where it lands on the wet dirty ground and lightning hits it.. wow that was season 2 only damn... I thought it was much later. Link to comment Share on other sites More sharing options...
Krismusic Posted February 13, 2020 Share Posted February 13, 2020 2 hours ago, BlowUpTheMoon said: You made me google "vichyssoise". what is it I was just about to google it as well.. Link to comment Share on other sites More sharing options...
