Weekly Update – Fractional Ownership


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Calacanis Talks Alternative Assets With Rally, Fundrise & Masterworks

Self-proclaimed startup investing mastermind Jason Calacanis chatted with a few fractional share investing platforms on his podcast, ‘This Week in Startups.’

Pretty cool to see three platforms – Rally, Masterworks, and Fundrise – on the same interview, discussing their thoughts on alternative assets and investing.

Check out the video below; I thought there were some very insightful comments on the state of the fractional share ownership space… o’ yea, and Calacanis said a few words too.


Collectable Steals The Spotlight Again This Week With The Babe

Collectable App will offer the most expensive sports card in history for fractional share investors. A 1914 Babe Ruth “Pre-Rookie” card was purchased by a private investor recently for $6 million. The sale broke the previous record for the most expensive sports card when a 1952 Mickey Mantle rookie sold for $5.2 million.

Investors have the chance to own a piece of the Babe Ruth card through the Collectable App. A partnership with the card owner will offer a small number of shares to investors in an upcoming offering.


Collectable App Raises Series A

Sports Memorabilia platform Collectable raised a $5.5 million Series A funding round led by Amplo. Also participating in the Series A are Bain Capital Ventures, Fifth Down Capital, Evolution VC, and Rose Park Capital.

A few notable individual investors included in the funding round are Anthony Pompliano and his brother Joe. Also known as Pomp and Pomp’s brother – two of the 65 Pomp brothers on Twitter…

CEO Ezra Levine says the funds will be used to increase users and produce content while continuing the rapid pace of new collectible IPO’s.

Levine is aiming to raise a larger Series B in the near future. Current valuation numbers were not released.

Check out the Collectable platform here


New Platform for High End Collector Sneakers

The fractional ownership world is growing with a new addition to the collectible sneaker market. Rares will begin offering high-end sneakers as fractional investible assets.

Rares offered a pair of Air Force 1s this week, selling 2,000 shares at $13 each. The company has said 30,000 people have signed up on the mailing list so far.

In the hopper, ready to be released on the Rares platform is the Nike Yeezy prototype sneakers they purchased at Sotheby’s auction for $1.8 million.

Keep your eyes peeled for the Rares offering and initial valuation – wow.


Rally Raises $30 Million

Fractional ownership platform Rally has just raised a fresh $30 million in their series B funding round to grow the model with new asset classes.

The company will focus on new categories such as intellectual property, NFTs, real estate, and art. Rally has increased assets under management to $30 million and expects to grow to $75 million by the end of the year.

Looks like my chances of finally owning Creed song royalties are increasing.


Rally Updates Secondary Market Trading Windows

Fractional ownership platform Rally expands trading windows to five days per week. Over 300 assets are now listed on the platform, and now, more frequent trading will allow investors to access 2 to 4 assets every weekday.

New trading window rules for placing orders will also go into effect for a smooth and improved user experience in the secondary markets.

Check out all Rally’s F.A.Q.’s here


Otis

Coming soon to Otis, Nintendo’s Mike Tyson’s Punch-Out from 1987. Graded 9.4 and an A+ seal, Otis will offer a rare copy of a classic for $10 bucks per share.

After a little digging around the Otis website, I was able to find the valuation for the game, which will be offered at $136,800.

I do like the “Additional Resources” Otis provides; I only wish the market cap value of the items were more prominently displayed.


Collectable

Collectable shareholders vote “No” to the buyout offer on the 1979 O-Pee-Chee PSA 9 Wayne Gretzky rookie card.

On December 20th, Collectable offered the Gretzky card to investors for $67,000. The recent $225,000 buyout offer was rejected, meaning fractional owners will retain their shares.

The fractional ownership platform allows shareholders to vote “for” or “against” buyout offers received for assets. Oftentimes, special guests will read the results of the shareholder vote – a really cool feature.

Never a dull moment in the fractional share ownership world!


My Racehorse

Here’s your chance to own your own racehorse. My Racehorse allows fractional ownership of real race horses.

Cheer for real horses and participate in the payouts if they win. Visit your horses at the barn, receive a certificate of ownership. My Racehorse has a ton of cool features.

Go to the My Racehorse website, or watch the introduction video, and read through the FAQs for details.