Rally aims to provide a variety of assets for investment on its platform, including whiskey, baseball cards and comic books.
An incrediblyThe near-mint condition copy of Batman No. 1 will go on sale in mid-March at a cost of $1.8 million with one quirky caveat: No one will be able to buy total ownership of the book. Those interested will be able to buy up to 10% of the 180,000 shares that Rally, an alternative assets investment platform, will offer. , told FOX Business the goal is to create access to a number of assets that only the very wealthy could previously buy.
"Alternative assets are something that the wealthy have always had access to, and they’ve shown significant return, and a lot of these do outpace traditional investment vehicles," Petrozzo explained. "But the access lane has never been there before, so what you’re seeing is a young, educated investor coming to our platform to invest in things they really care about and really understand.
Rally started selling fractional ownership in comic books around a year and a half ago, including a copy of the 1963 debut of Marvel’s X-Men No. 1, capped at $240,000 with a $20 per share ownership. Petrozzo said the company last year offered ownership in a copy of Amazing Fantasy No. 15 – the first appearance of Spider-Man. The Batman No. 1 that will go on sale has a condition rating of 8 out of 10, and includes the first appearance of the Joker and Catwoman.
The hefty valuation follows the sale of a copy of Superman’s first appearance in 1938’s Action Comics No. 1, which sold on Heritage Auctions for $3.18 million, according to the
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