GOING TO THE MINT25 AUCTION!
Ezra Levine is the CEO of Collectable
Dear Collectable user,
We are writing to update you on the results of the 48-hour shareholder survey following the shareholder vote for Kareem Abdul-Jabbar | NBA Record 38,387 Point Ball – Signed & Inscribed.
As you already know, we have presented shareholders with a special opportunity for this asset to be included in an exclusive upcoming auction we are hosting in partnership with Lelands Auctions at The MINT Collective event in Las Vegas – called The MINT25 Auction.
The Lelands team assigned an appraised value of $400,000-$600,000 on the Kareem Abdul-Jabbar NBA Record 33,387 Point Ball, a premium relative to its offering price on Collectable of $375,000 last month.
Should these items be included in the auction, a reserve price will be set to ensure that the asset, if sold, would produce a profit for shareholders compared to the IPO price. Proceeds would be paid out pro-rata to shareholders following the auction. Should the reserve NOT be met, the asset will return to Collectable and be scheduled for the secondary market.
On a share weighted basis, 81% voted YES to send this item to the MINT25 Auction.
As a result, the asset will be halted on Collectable and submitted for the MINT25 Auction.
Thanks so much, and best of luck to shareholders