If I find 10,000 ways something won't work, I haven't failed. I am not discouraged, because every wrong attempt discarded is just one more step forward.
Thomas Edison

Collector Vestor

motiggidy
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  • Submitted by: motiggidy
  • Created: Nov 14, 2007, 7:19 pm
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The Elevator Pitch

For investors who want to diversify into collectable assets like fine art the collector vestor is a website for pooling the crowds money to purchase collectable assets that uses wisdom of crowds to make purchases of expensive assets. Unlike investing in stocks or buying collectables outright our product enables broader diversification and lowers the entry price to anyones level.

The Idea

Pooled investment in collectables such as fine art, wine, classic cars, sports memorabilia, rare jewelry, and other appreciating assets. By combining wisdom of crowds methods to select potential investments, as well as pooled money, a wider range of investment opportunities opens up to the average investor.

The main problem is long term storage of the assets. Where are the objects kept? For some types of assets I believe arrangements can be made with various types of museums. However, with wine I think an arrangement might be made with a fancy restaurant, with the added bonus of the high premiums charged for wine at such restaurants. The length of the holding period is also determined through crowd wisdom.

I thought of this idea when I was...


Comments Posted

vanhees
vanhees Posted: November 15, 2007, 6:57 am

Maybe you should take a lok at
http://www.proshareclubs.co.uk/
Tommy

Rich2809
Rich2809 Posted: November 18, 2007, 7:44 am

Been done

GroundLoad
GroundLoad Posted: November 21, 2007, 3:06 pm

Creator, do you have anything that would separate you from the competition ?

GroundLoad
GroundLoad Posted: November 22, 2007, 3:14 am

Anything ?

Rich2809
Rich2809 Posted: November 23, 2007, 3:31 pm

Nothing!

daretoeatapeach
daretoeatapeach Posted: November 24, 2007, 1:52 am

Still, an interesting idea. Perhaps some answers to the questions that Motiggidy asks would help differentiate his/her idea from the competition.

motiggidy
motiggidy Posted: November 26, 2007, 2:52 pm

Heh. Vanhees' suggestion was about stock market investment clubs. This is completely unrelated to my ideas of pooled investment in collectible assets. Its also unrelated to WOC style prediction of auction/sale prices of such assets in the future.

Anyone have any sites that are actually similar?

Kevin_Cox
Kevin_Cox Posted: November 26, 2007, 6:51 pm

Why not just buy ebay lol.

Brenden
Brenden Posted: November 26, 2007, 10:38 pm

I see where you are going with this... but most people that buy those things do not buy them for resale they buy them because they have a passion for the items.

motiggidy
motiggidy Posted: November 27, 2007, 10:30 am

Kevin_cox, I suppose you'd expect ebay to rise in value if item prices rise on average, but we're talking about specific categories and specific items in those categories. It doesn't use WOC to pick individual items. Its also tethered to ebay's management and business practices.

Gods_light, We'd encourage collectors to contribute - they'd be the most passionate and knowledgeable members. The investors can become passionate if the want to or just provide money. Also, lots of people do collect for the investment purposes, I think you are mistaken. The hope for appreciation and the passion are intertwined.

DrV
DrV Posted: November 27, 2007, 10:08 pm

Wow, this idea is brilliant. Although, if it's not created soon, the government may destroy your market. I just read an article in Vanity Fare about [URL http://www.vanityfai...7/05/wolff200705]the private equity bubble[/URL]. Which I think if I'm reading this right, is what this is geared toward. And what better a market than the people with all the money! Kudos to you sir. Let me know how I can help.

Gods_Light, I think you need to look into the higher sector of private equity owners. I think you'll come to realize, as have I, that they are quite smart with their money. Many of the "higher ups," even though they may be passionate about enjoying these things, they become more passionate about the ability to continue to enjoy these "items." And of course, that ability is made possible through their private equity. This is most prevalent when you look at the "value" of money. The "value" of a currency is subject to change, constantly, and lies outside the control of the individual. The "value" of private equity will, at the least, remain constant, and most likely will increase over time. Especially with fine art, wine, etc.

motiggidy
motiggidy Posted: November 27, 2007, 11:04 pm

Thanks for the encouragement DrV.

I also had some articles about this area that I forgot to publish. Here are some:
http://www.nytimes.c...038;exprod=permalink
http://www.pacpubser...-99/ashenfelter.html
http://www.liv-ex.co..._page.jsp?pageId=100

 

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