Hello, Welcome to the Sports Memorabilia Insider – FREE VERSION.
Today we are looking into two pieces of the 1995-98 United Center Floor that will IPO at Collectable on Thursday, September 30th at 8 PM ET.
Table of Contents
’95-’98 Bulls Bench Game Used Hardwood Floor
About the Asset
This is pretty much what you think it is — two 4′ x 8′ pieces of the United Center Hardwood Floor dated to 1995-98, during the second part of the Chicago Bulls dynasty. They were two pieces directly in front of the Chicago Bulls bench and have been photomatched and authenticated. As Collectable mentioned a lot of the floor was cut up into smaller pieces and sold by Upper Deck so to have this large a piece is rare.
About the only comparable is the section of the Kobe Bryant Final Game Floor that Rally IPO’d back in March for $800,000 but has subsequently dropped to $610,000 in the secondary market (Rally paid $631,200 for it last October).
The consignor seems to have paid $325,000 for this.
If you were signed up to Insider (start a free trial), you’d also learn:
- Projected future growth
- Asset class ROI, volatility and risk statistics
- Detailed valuation with recent sales
- Our verdict
About the Drop
This asset will drop on Collectable at 8 PM ET on September 30th, 2021 for $350,000. There is no retained equity. Collectable has been scheduling their IPOs for trading around 3 months after they fund, though recently some assets have been pushed back further than that.
Add IPO to calendar
Category Strength
Sports Memorabilia posted a -15% ROI in Q2 2021.
Subcategory Strength
Recent Sales and Current Valuation
[Detailed Valuation for Insiders Only]
Verdict
This is exactly the kind of item that is worth what someone will pay for it, so if you’re investing, you have to hope for a buyout offer at some point — there’s not going to be a lot to gauge the market value.
