Are Hermès Himalaya Birkin bags and unopened Apple iPhones a better investment than stocks? 6 weird items you can buy shares in on collectible asset apps Rally and Otis
- With the S&P 500 bubble possibly about to burst, would you buy shares in Magic Johnson’s sneakers or a copy of the US declaration of independence instead?
- Kylie Jenner swears by Hermès Birkins while a 1988 Lamborghini Jalpa appeared in Sylvester Stallone’s Rocky IV – and yes, you can invest in those models too
As the S&P 500 reaches new highs and experts warn of a “bubble burst” on its way, investors may be looking for alternative areas of the market to put cash to work. In come Otis and Rally Rd, two apps that allow investors to buy and sell shares of cultural items.
We scanned the apps and compiled a list of six surprising cultural items available to invest in.
Magic Johnson’s Championship trainers
The exact sneakers Magic Johnson wore in 1987 when he won his fourth NBA title and took home the MVP award are listed on Otis. The sneakers are signed by the basketball legend and Otis said they have a drop value of US$22,000.
“Only a few game-worn pairs from any of Magic’s championship seasons are known to exist, making these particularly special,” reads the listing.
A rare Nintendo World Championships cartridge
The Nintendo World Championships 1990 cartridge is considered to be a “holy grail” of video game collections, according to Otis. Investors can buy US$10 shares in the gaming artefact that’s worth US$211,300.
“Never intended to be distributed, they were used in competition play – one existing in high grade from 1990 is an incredibly rare anomaly,” Otis said.