Collectable Review

Collectable Review 2026: Fractional Sports Memorabilia with Strong Exit History but Stalled Operations

Last verified: 2026-04-12 Overall rating: 2.5/5

The 30-Second Verdict

Collectable offers fractional ownership of SEC-registered rare sports memorabilia through Regulation A+ Tier 2 offerings, with a $1 minimum investment. The platform reports an impressive 62% average return above IPO price across 26 exits. However, operations have stalled significantly -- secondary trading was halted in 2024, and no new offerings were issued that year. This is a platform in transition, and investors should proceed with caution.

What Is Collectable and How Does It Work?

Founded in 2020 (evolving from a 2014 sports auction data company) and headquartered in White Plains, New York, Collectable securitizes rare sports memorabilia into fractional shares under SEC Regulation A+ Tier 2. Investors can buy fractional ownership of items like game-worn jerseys, autographed cards, and championship rings for as little as $1.

The platform uses a broker-dealer (Dalmore Group/BOR) regulated by FINRA and SIPC. Each asset is SEC-registered, providing a level of regulatory oversight uncommon in the collectibles space.

Who Is Collectable Best For?

Retail investors passionate about sports memorabilia who want fractional exposure to high-value collectibles without buying entire items. Best for those who view collectibles as a small, speculative allocation and can tolerate extended holding periods.

Who should look elsewhere: Investors seeking reliable liquidity should avoid Collectable given the halted secondary market. Those wanting broader collectibles exposure might consider Rally (now part of Otis). For more active trading, traditional sports card marketplaces like eBay or COMC offer instant liquidity.

Fees

• Trade fee: 1% (charged to both buyer and seller)
• Funding fee: 3.15% + $0.70 per transaction

On a $100 investment: $3.15 funding fee + $0.70 flat fee + $1.00 trade fee = $4.85 in fees (4.85% of capital). On a $1 minimum investment, fees would consume essentially the entire position.

Minimum Investment

$1. At this minimum, you receive a fractional share of a single SEC-registered collectible. Realistically, investors need to deploy more than a few dollars for the fee structure to make sense.

Accreditation Requirements

Partial. As a Regulation A+ Tier 2 issuer, Collectable is open to non-accredited investors. However, SEC rules limit non-accredited investors to investing no more than 10% of their net worth or annual income in Tier 2 offerings.

Liquidity -- How Do You Get Your Money Out?

The platform was designed to offer secondary market trading 5+ days per week. However, secondary trading was halted in 2024 due to cost considerations. As of this review, there is no active mechanism to sell your shares before an asset exit event. Liquidity is dependent on the platform arranging an asset sale or reinstating the secondary market.

Historical Returns

Collectable reports an average 62% return above IPO price across 26 exits since inception. This figure is provided by the company and is not independently verified.

Market valuations on some holdings reflect impairment charges, indicating that not all assets have appreciated. Sports memorabilia prices are subject to player performance, cultural trends, and broader market sentiment.

Past performance is not indicative of future results. Returns are self-reported and not independently audited. Collectibles are a volatile, speculative asset class.

Regulatory and Legal Structure

Collectable is an SEC-registered Regulation A+ Tier 2 issuer. Assets are offered through a FINRA-regulated and SIPC-member broker-dealer (Dalmore Group/BOR). SEC filings are available at EDGAR (CIK: 1804446).

Pros

• $1 minimum investment makes collectibles fractional ownership widely accessible
• SEC-registered assets with FINRA and SIPC regulated broker-dealer
• 26 exits with an average 62% return above IPO price
• Strong investor backing including Bain Capital Ventures and Amplo
• Fractional ownership removes need to authenticate, store, or insure physical items
• Mobile app available for portfolio management

Cons

• Secondary trading halted in 2024 -- no current way to sell shares before asset exit
• No new offerings issued in 2024, indicating significant operational slowdown
• Market valuations reflect impairment charges on some holdings
• Funding fee of 3.15% + $0.70 creates heavy drag on small investments
• Sports memorabilia prices are volatile and trend-dependent
• Regulation A+ Tier 2 status limits institutional investor confidence compared to fully public companies

The Bottom Line

Collectable did something genuinely innovative: it brought SEC registration and proper securities regulation to fractional collectibles investing. The 62% average return on 26 exits is an attention-grabbing number, and the $1 minimum makes it radically accessible.

But the 2024 operational slowdown is a major red flag. Halting secondary trading and issuing no new offerings suggests financial or strategic challenges. A fractional ownership platform without a functioning secondary market is essentially a locked box with no key.

If Collectable resumes operations and restores secondary trading, it could be a compelling niche platform for sports memorabilia enthusiasts. Until then, new investors should wait on the sidelines. Existing investors should monitor the platform for updates on asset exits and the reinstatement of trading.

ModernAlts may receive compensation if you open an account with platforms reviewed on this site. This does not influence our editorial ratings or analysis. Alternative investments involve risk, including possible loss of principal. Past performance is not indicative of future results. Nothing on this site constitutes investment, legal, or tax advice.