Fractional ownership could help some become Ferrari owners. ― ETX Studio picNEW YORK, May 15 ― Anyone can easily own a Basquiat painting, a pair of Yeezy sneakers or even a Ferrari ― at least, that’s the promise of a growing number of fractional ownership platforms that sell shares of these rare items, starting at just a few dollars.
Whether it’s paintings or baseball cards, “it’s not a new industry,” says Ezra Levine, the CEO of Collectable, a platform that specialises in sports paraphernalia. “These fractional platforms just open up the class to people who can’t afford to buy a full Jordan card,” said John Schuck, 43, whose holdings amount to about US$20,000 in cars, paintings or sports memorabilia.
“I don’t feel a connection at all to any of these assets,” said Slugger. “This is purely an investment and entertainment for me.”
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