Last August, a rare 1952 Topps rookie card of the Hall of Famer sold at auction for a record-breaking $12.6 million.
Collectibles investment company Rally it will offer 47,000 shares of Mickey Mantle’s childhood home on its platform for $7 apiece. Here’s what you need to know: This marks the company’s first fractional ownership offering in a piece of real estate. Investors will get to make proposals and vote on the property’s future, which could include turning it into a museum, a national landmark or a baseball diamond added to the backyard for local little leagues, the company .
I’d buy shares, but I’m guessing I’ll get shut out — anything Mantle is a hot commodity, but owning a piece of his house is a deeply personal and very limited-feeling experience. Plus, plans to possibly Airbnb it or even sell it to someone else at a higher price are really at the heart of Rally. For me, it would be like the mid-90s “own a star” phenomenon — a cool experience that I would like a framed certificate of . For someone else, the business idea would be to turn that $7 into $21-25.
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