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New platforms are splitting collectibles into tradable shares. Here are 10 examples, including cars, whisky, and watches.
New platforms are splitting collectibles into tradable shares. Here are 10 examples, including cars, whisky, and watches.
Ben WinckNov 13, 2019, 21:41 IST
Actors Ted Danson (L) and Sam Waterston place a bid during Christie's Green Auction, on the 40th anniversary of Earth Day, in New York.Reuters/Chip East
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New services are splitting pricey collectibles into tradable shares, allowing investors to eke returns out of cars, watches and even Japanese whisky.
One service, Rally, began by splitting classic cars into 2,000 shares. It now offers shares of classic books, alcoholic beverages and sports memorabilia.
Masterworks sells the chance to "invest in blue-chip artwork," according to its website. The service's current listing is an 1881 painting by Claude Monet.
Investors have used stocks, bonds, options, and futures to grow their net worth for decades. A slew of new services is looking to add art, cars, wine, and books to that list of tradable assets.
Rally and Masterworks are two that split collectible assets into shares and sell them to traders. If the value of the asset changes, the shares' value changes in kind. Through the aforementioned firms, everyday investors can participate in trades once reserved for the wealthy.
The business relies on the Jumpstart Our Business Startups Act, a 2012 law that opened the door for companies to issue securities through crowdfunding instead of a major exchange. The offerings are regulated by the Securities and Exchange Commission, and both Rally and Masterworks work in partnership with brokerages reviewed by the Financial Industry Regulatory Authority.
Here are 10 items sold or scheduled for sale through Rally and Masterworks, from a 1955 Porsche to a 2000 Banksy.
