I been digging into why it seems the prices of collectibles (posters, prints, comics, etc) have been increasing. Today I was with a group of friends and one of them was discussing how he was invested in “slice” investing of collectibles.
Basically, it is crowd-sourced funding of collectibles purchases. They purchase the collectible using the slice funds and resell it - if there is a price increase, each slice gets a profit.
This is very scary almost like shill bidding. Setup up one fund and buy a poster on one site with crowd sourced money. Setup second fund. Fund one sells it on another site and fund two rebuys at a higher price with more crowd-sourced funds. Fund one shows a profit and price is artificially raised shifting market in upward direction. Fund one has made the money. Sell all slices of fund two, three, so on. If it ever loses money they cover it under “nothing guaranteed”...
It also brings in more money to the market and stretches collectors with more cash to bid higher.
That second mouse in the bowl of cream we call life...