Collectable is a new marketplace and investment app that allows anyone to buy fractional ownership shares of high-value assets in the memorabilia markets. Previously, our company has developed and maintained the #1 app for sports collectors – an auction data aggregation tool that provided pricing transparency and access to the entire market for free.
Is the market Collectable is building regulated?u1-admin2020-03-19T08:48:52-04:00
Collectable’s team, along with our advisory board, which consists of industry-wide experts with decades of experience, will carefully select our assets based on desirability, scarcity, market demand, and authenticity.
Where will the assets be stored? Are they insured?u1-admin2020-05-13T11:25:49-04:00
Ensuring the safety and condition of your assets is of utmost importance to Collectable. All assets will be fully insured and stored in a best-of-class bank-style vaults with state-of-the-art 24/7 security.
What is the cost to buy or sell shares of these assets?u1-admin2020-03-19T08:50:26-04:00
As life-long collectors, we understand how frustrating it is to miss the opportunity to acquire items that we believe will appreciate in value due to their scarcity, but are simply unaffordable. Collectable now allows any investor to take advantage of the same investment opportunities as wealthy investors.
Additionally, many collectors prefer to avoid the hassles associated with collecting assets in physical form – everything from listing, shipping, marketing, insurance, and maintenance. By owning fractional shares of an item on Collectable, you can leave those pain points to us! Simply enjoy the pride of ownership without unnecessary burden.
How do I make money on Collectable?alex-admin2020-05-13T11:20:11-04:00
Once an asset is fully funded and if you bought shares in that asset, you now own equity in that specific item. If its value rises, so should the value of your shares. If an offer comes in to purchase the item at a significant premium, we will empower shareholders with a vote. Your vote will be weighted pro-rata to your ownership position. If a majority of shareholders vote to sell the asset, we will do so and everyone gets paid out.
However, we intend to have a secondary market attached to the platform once its ready that will allow you to place your shares up for sale to other new & existing investors, so you don’t necessarily have to wait for an exit to sell.
How do these assets perform in an economic downturn?alex-admin2020-05-13T11:18:48-04:00
In downturns, everything tends to get affected, but sports memorabilia has proven to be fairly resilient. During the 08/09 global financial crisis, memorabilia and assets with nostalgic or emotional connections to their owners tended to be the last thing to get liquidated. Furthermore, during the 2020 COVID-19 crisis, sports memorabilia items on alternative fractional platforms and sports cards performed quite well, providing further evidence of resilience.
Of course, no two downturns are alike and past performance does not guarantee future results. Please see our Offering Circular “OC” or www.collectable.com/dislcaimer/ for further information.
How do I sell to Collectable?alex-admin2020-05-13T20:57:15-04:00
We have a seasoned network of acquisition specialists and advisors that help source assets for the platform, based on specific criteria. Our goal is to provide great assets at investable prices for our users. Authenticity and integrity is our primary concern when evaluating assets.
If you’re interesting in listing an asset through Collectable, please visit the “Consignment” tab on our website homepage.
How liquid will the marketplace be, once launched?alex-admin2020-05-13T09:47:35-04:00
Fractionalization opens up the path to ownership for sports fans and collectors everywhere. We believe the lower price points will be quite beneficial to the secondary market. Our intention is to provide a robust secondary market to maximize liquidity; however, there is no guarantee that sufficient liquidity will develop for our vision to become a reality.
Are you a Broker-Dealer?alex-admin2020-05-11T19:44:01-04:00
Collectable is not a broker, but we do partner with a FINRA & SIPC registered broker-dealer to administer our securities transaction. They facilitate the sale of our securities and ensure that all transaction remain in compliance with FINRA and SEC regulations.
Who can invest?alex-admin2020-05-11T19:44:45-04:00
Anyone over 18 with a U.S. Social Security number (that passes standard know-your-customer and anti-money-laundering checks) is eligible to invest, but the app itself is free and open to everyone. If you want to invest through a company or partnership, please contact us at [email protected] Unfortunately, we are not able to accept investments through ERISA or IRA plans at this time.
Will Collectable be available users around the world?alex-admin2020-05-11T19:45:05-04:00
You can pay for investments by linking your bank account to the Collectable App. All transfers in and out are made via an automated-clearing-house (“ACH”). For security protection, we ask that you verify that the linked bank account belongs to you before you can start investing. You can do this instantly by securely logging into your online banking account through our integration with most major banks, or in about 24 hours by verifying the amount of two small micro-deposits sent to your account.
When you sell shares, the money will be added to your Collectable balance. You can view your balance at any time on the App. You can use these funds to make new investments, or simply withdraw them back to your personal bank account.
Note: We recommend linking a Checking account to avoid potential issues. Savings, money market and brokerage accounts are more often subject to restrictions on ACH transfers.
Will I receive any monthly statements or end of year tax documents?alex-admin2020-05-11T19:45:56-04:00
Yes, but only when necessary for your reporting purposes. You will receive a 1099 if you have sold shares or if you have received at least $10 in dividends during the calendar year. If you just purchased shares then you won’t receive a 1099. Tax documents will become available through your Portfolio in March of the following year.
Monthly statements are only available if you have active investments in your portfolio. Statements are typically ready to view in your Portfolio by the first week of every month. New investments generally take two months to reflect in your statements.
Do I need to be an accredited investor to invest?alex-admin2020-05-11T19:46:20-04:00
No, the vast majority of the investment opportunities on the App are available to all investors, provided that you do not invest more than 10% of your annual income or net worth in any of our offerings. If you are accredited, that limitation does not apply.
What are the risks?alex-admin2020-05-11T19:46:49-04:00
All investments carry risks and those on our platform are no different, so it’s important that you understand them. The value of your investment can fluctuate—in both directions—and there’s no guarantee that there will be a buyer offering your desired price when you want to sell.
Furthermore, memorabilia and collectibles are real assets, and while that’s certainly part of their appeal, it brings risks. The Offering Circular (“OC”) or the Private Placement Memorandum (“PPM”) details risk factors and is available for your review in the “Legal” section of the asset page once the app is live. In addition, you can go to www.collectable.com/dislcaimer/ or further information.