At last, you can become a shareholder in a Birkin bag or a Lamborghini

Rally enables regular investors to buy and sell shares in high-end collectibles. Crafted from individually selected Nile crocodile scales in cream and gray, Hermès’s Himalaya Birkin is one of the world’s rarest handbags, fetching more than $100,000 at auction. Rally cofounder and CEO Chris Bruno wants you to own one—in part. Rally, which launched in 2017, acquires high-end collectibles—Birkins, Porsche convertibles, Rolex watches, even first-edition Harry Potter novels—and allows people to buy and sell shares in them via an app, as if the items were public stocks. Investors—including Rally, which invests up to 10% in each collectible—can make money by selling their shares as an item gains in value, or if the treasure is eventually sold for a profit. (Rally registers each item as a security.) The app’s average investor—there are currently 10,000 total—is 28 years old and owns shares in four different Rally-managed assets. The company has held offerings for nearly 75 items and sold off several, including a 2000 Ford Mustang Cobra R for a 21% return. Last January, in its largest IPO to date, Rally sold 5,000 shares of a $635,000 1980 Lamborghini Countach for $127 apiece. The company, which recently opened a showroom in Manhattan’s SoHo neighborhood to spotlight items coming up for IPO, gives non-elite investors “the ability to have exposure to the best of the best,” says Bruno. “We took something that was available to 0.001% of the population and made it available to every... Continue reading at 'Fast Company'

[ Fast Company | 2020-03-10 05:00:57 UTC ]
News tagged with: #make money #recently opened #soho neighborhood #previously owned #harry potter

Other Publishing stories related to: 'At last, you can become a shareholder in a Birkin bag or a Lamborghini'


At last, you can become a shareholder in a Birkin bag or a Lamborghini

Rally enables regular investors to buy and sell shares in high-end collectibles. Crafted from individually selected Nile crocodile scales in cream and gray, Hermès’s Himalaya Birkin is one of the world’s rarest handbags, fetching more than $100,000 at auction. Rally cofounder and CEO Chris... Continue reading at Fast Company

[ Fast Company | 2020-03-10 05:00:57 UTC ]
More news stories like this | News stories tagged with: #make money #recently opened #soho neighborhood #previously owned #harry potter


Pearson’s biggest shareholder says it should leave London and relist in US

Cevian Capital founder argues most of education publisher’s business is there and move would raise its valueBusiness live – latest updatesPearson’s biggest shareholder has said it should be relisted in the US, arguing that leaving London would be better for shareholders as most of the education... Continue reading at The Guardian

[ The Guardian | 2023-12-15 12:22:42 UTC ]
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10 New Bookish Tote Bags for Your Latest Library or Bookstore Haul

Your library and bookstore hauls will be looking good in these new bookish tote bags. - Kelly Jensen Continue reading at Book Riot

[ Book Riot | 2023-05-01 10:31:00 UTC ]
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Strand Bookstore’s $1,500 Bottega Veneta tote bag sucks and I hate it.

Strand Bookstore is taking the idea of the “status tote” to a whole new level and is now selling a special Bottega Veneta limited edition black tote back for $1,500. I hate it. Yes, we here at Lit Hub are definitely part of the Literary Tote Industrial Complex, which traffics in superficial... Continue reading at Literrary Hub

[ Literrary Hub | 2022-09-13 13:56:21 UTC ]
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A Nixon aide who was Haldeman’s punching bag

In his memoir, Dwight Chapin still looks sympathetically on his mentor and his years in the White House. Continue reading at The Washington Post

[ The Washington Post | 2022-02-18 13:00:38 UTC ]
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Country Life publisher reeling after shareholder revolt over executive pay

Future’s shares tumble as investors vote down scheme in which CEO could be awarded £40mFuture, the UK’s biggest magazine publisher that is home to titles from Country Life to Metal Hammer, has been forced into an embarrassing sit-down with investors after a bruising shareholder revolt in which... Continue reading at The Guardian

[ The Guardian | 2022-02-03 16:27:30 UTC ]
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S&S bags Bennett's debut thriller on New Zealand’s colonial past

Simon & Schuster UK has landed Better the Blood, the "engrossing and exciting" debut thriller by award-winning Māori screenwriter and director Michael Bennett. Continue reading at The Bookseller

[ The Bookseller | 2022-01-24 11:17:04 UTC ]
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S&S Children's bags Cham's 'genius' middle-grade series

Simon & Schuster Children’s Books has snapped up Oliver and The Great Big Universe, the debut middle-grade series by Jorge Cham. Continue reading at The Bookseller

[ The Bookseller | 2022-01-20 00:40:32 UTC ]
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Nosy Crow bags three more in Reid's Peekaboo series

Nosy Crow has landed three more titles in Camilla Reid's Peekaboo slider board series, illustrated by Ingela P Arrhenius. Continue reading at The Bookseller

[ The Bookseller | 2022-01-19 18:55:15 UTC ]
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W H Smith shareholders approve Cowling's £550k bonus

W H Smith shareholders have approved plans to pay chief executive Carl Cowling a £550,000 bonus, despite threats of a revolt earlier this week. Continue reading at The Bookseller

[ The Bookseller | 2022-01-19 10:46:51 UTC ]
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Atlantic bags 'gorgeous' debut from Grudova in two-book deal

Atlantic Books has acquired Camilla Grudova's Children of Paradise, a "stunning" debut novel exploring the lives of cinema workers and sex. Continue reading at The Bookseller

[ The Bookseller | 2022-01-19 06:20:25 UTC ]
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Cornerstone Press bags Bank of England's first trade book

The Bank of England's first trade book has been secured by newly launched Cornerstone Press in an exclusive submission. Continue reading at The Bookseller

[ The Bookseller | 2022-01-05 11:38:29 UTC ]
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White Lion bags first official cookbook inspired by TV series Peaky Blinders

White Lion has bagged the first official cookbook inspired by hit television show "Peaky Blinders". Continue reading at The Bookseller

[ The Bookseller | 2022-01-04 23:21:05 UTC ]
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Hachette bags Saft’s YA fantasy romance

Hachette Children’s Group will be the first UK publisher to release an Allison Saft novel with the “rich and tender” YA fantasy romance A Far Wilder Magic. Continue reading at The Bookseller

[ The Bookseller | 2021-12-21 05:14:11 UTC ]
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HCG bags Bardugo's graphic novel Shadow and Bone prequel

Hachette Children’s Group has inked a deal for Demon in the Wood by bestselling Shadow and Bone series author Leigh Bardugo, the first graphic novel set in the Grishaverse universe, with illustrations by Dani Pendergast.  Continue reading at The Bookseller

[ The Bookseller | 2021-12-17 07:47:02 UTC ]
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Indigo Press bags the first book by Nolan

The Indigo Press has acquired Don't Let it Get You Down, a "powerful and provocative collection of essays" from writer, speaker and lawyer Savala Nolan.  Continue reading at The Bookseller

[ The Bookseller | 2021-12-14 10:21:28 UTC ]
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Rough Trade bags Patel's 'vital' debut

Independent press Rough Trade Books has landed Sheena Patel's "imaginative, vital" debut novel I'm a Fan. Continue reading at The Bookseller

[ The Bookseller | 2021-11-30 18:13:31 UTC ]
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Osman gets Readers Choice at Books Are My Bag awards

Richard Osman has won the Readers' Choice award at the Books Are My Bag Readers Awards for his record-breaking debut The Thursday Murder Club (Viking). Continue reading at The Bookseller

[ The Bookseller | 2021-11-09 20:44:40 UTC ]
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Piatkus bags Etchells' book on healthy relationships with screens

Piatkus has inked a deal for Screens Are Not Your Enemy from Bath Spa professor Pete Etchells. Continue reading at The Bookseller

[ The Bookseller | 2021-10-18 21:03:37 UTC ]
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Flipped eye bags Musariri's dystopian debut

Flipped eye has landed Only This Once Are You Immaculate, the "stunning" debut fiction novel by Zimbabwean author Blessing Musariri. Continue reading at The Bookseller

[ The Bookseller | 2021-09-23 22:23:11 UTC ]
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