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My experience with fractional ownership of comics: JIM #83 / $215,000
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Started by Gman65NJ,

444 posts in this topic

Gman65NJ

Gman65NJ

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There’s a site - https://rallyrd.com/ that buys collectibles of all sorts - cars, wine, and of course comics - and then allows fractional ownership. To give you a sense of how hot Rally is and collectible comics are - the JIM 83 IPO went live today and was 50% funded ($109k) in three minutes. 

So I’m now the proud owner of a few shares of a 9.4 JIM 83.

recent sell outs include an Avengers 1 9.6 at $270k (across 633 initial investors...so avg investment of $426) and an 8.0 AF 15 at $200k valuation across 800 investors.

9F46ED8A-F657-41D7-BB35-3D28C51268BF.png

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kav

kav

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23 minutes ago, Gman65NJ said:

There’s a site - https://rallyrd.com/ that buys collectibles of all sorts - cars, wine, and of course comics - and then allows fractional ownership. To give you a sense of how hot Rally is and collectible comics are - the JIM 83 IPO went live today and was 50% funded ($109k) in three minutes. 

So I’m now the proud owner of a few shares of a 9.4 JIM 83.

recent sell outs include an Avengers 1 9.6 at $270k (across 633 initial investors...so avg investment of $426) and an 8.0 AF 15 at $200k valuation across 800 investors.

9F46ED8A-F657-41D7-BB35-3D28C51268BF.png

Yes we know.  This will not pump up your stock.

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Beyonder123

Beyonder123

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I'm actually interested in people's opinions on this. At first my knee jerk reaction was to think that this was kind of stupid. But on second thought this isn't much different to buying regular stocks and I could see people's interest in it.

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kav

kav

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6 minutes ago, Beyonder123 said:

I'm actually interested in people's opinions on this. At first my knee jerk reaction was to think that this was kind of stupid. But on second thought this isn't much different to buying regular stocks and I could see people's interest in it.

Its much different.  trust me on this.

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Axelrod

Axelrod

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So, if I understand this:  These guys own a Journey into Mystery 83 in grade 9.4.  Which gocollect currently says has a fair market value of 140,000.00.

And they are selling it for $215,000.  By breaking the price up and selling to a bunch of people "fractionally."  And when they do this they also get to keep it and display it in their "showroom" at the same time. 

Seems like a good deal.  

 

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valiantman

valiantman

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49 minutes ago, Axelrod said:

So, if I understand this:  These guys own a Journey into Mystery 83 in grade 9.4.  Which gocollect currently says has a fair market value of 140,000.00.

And they are selling it for $215,000.  By breaking the price up and selling to a bunch of people "fractionally."  And when they do this they also get to keep it and display it in their "showroom" at the same time. 

Seems like a good deal. 

The only CGC 9.4 sale recorded for 2020 was $210,000.  GoCollect may have $140,000, but $210,000 is the most recent recorded price.  As far as the rest of the discussion goes, it's linked in @THE_BEYONDER post above.

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speedcake

speedcake

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So if I have a blue chip book valued at $250,000 I can get people to give me ANOTHER $250,000 while still keeping my book, and their money, which I can then invest however I want and make even more money with other people's money? whew

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