Own shares of some of the world’s rarest and most iconic sneakers. Say goodbye to waiting in long lines for hype drops, or fighting bots online to get your hands on those desirable shoes you can flip for a profit. Rares makes it easy. You buy shares in the shoe instead of buying the shoe.

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Highlights

+2.15%

Asset Class Return30d

#9 Rank

In Sports Cards30d

avatars

Invest from

$10

Overview

Rares is a first of its kind social investing platform that allows users to invest in sneakers by buying and trading shares in them. Rares is about giving access to everyone, so that the very people who made sneaker culture cool and valuable can also participate financially in this value. With this in mind, they have built their platform and user experience to make sure the entire sneaker community can have access to investment grade sneakers, whether you are wealthy and connected or not. They do this in a way that is easy, fun and secure.

Things to Know

  • You make money on

    Value

  • Fees

    5%

  • Min Investment

    $10

  • Payout frequency

    Asset Sold

  • Term of investment

    Zero

  • Target Return

    Varied

  • Liquidity

    Moderate

  • Open to

    All Investors

  • Mobile Application

    iOS

Top Perks

  • Invest fractionally into high end sneakers

  • Buy & trade shares on their secondary market

  • Engage with your peers and participate in the sneaker culture

How you make money

They have taken the concept of buying and flipping sneakers and evolved it. No longer do you have to wait in long lines outside stores, fight bots online, or pay crazy high prices to make money from the sneaker culture. They have built their platform experience to make sure the entire sneaker community can have access to investment grade sneakers.

 

They release shoes on their app through Initial Public Offerings (IPO). That means they make fractional shares of the shoe available for the first time for you to buy. You can buy this and hold it until they sell the shoe and cash in on the potential profits, or you can trade them with other users on their app after the IPO closes. Once the IPO closes, you can always sell your shares to other buyers who missed out on the initial drop! No need to hold on to your shares forever! What is even better is that the shares may be worth more after the drop and you can choose to take your profits. You could also hold on to the shares until they decide to sell the shoe and then you potentially profit off the increase in price. Missed out on the drop, you can also buy shares from someone looking to sell theirs. Either way, it is up to you. Their platform makes it easier than ever to match buyers and sellers.

How Rares makes money

According to the SEC filings, from each Series, the Manager will receive an annual Management Fee of 5% of the total value of the Underlying Assets for that Series. The Management Fee is compensation to the Manager for services it provides to each Series. Pursuant to the Operating Agreement, the Manager may receive reimbursements for out-of-pocket expenses in connection with each Series and each Offering and the acquisition of Underlying Assets and in connection with third parties providing services to us. There is also a 1% brokerage fee

Is it safe?

All investments involve risk and the past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against loss, in a down market. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing.

 

You will need to link a bank account to your Rares account to both send and receive funds. This will be accomplished through the Plaid service which is a reliable company. All listings are SEC registered. 

  • Established

    2020

  • Country Available

    US Only

  • Assets Managed

    n/a

How You’re Taxed

Capital Gains

Capital Gains

Income Tax

Income Tax

If you are investing on a sports card investment platform like Collectable, where you own a fraction of or a % of a card:

  1. Sale of card: If the card is sold, you receive the equivalent of a dividend. Your profits are then taxed as income.
  2. Secondary market: If you trade your shares on the secondary market, your profits are taxed as capital gains.

For those of you selling a sports card you purchased, card investments are classified as 'collectibles.' Gains on cards held for one year or less are taxed as ordinary income—the same tax treatment as short-term capital gains (STCGs). Gains on cards held more than one year are taxed as ordinary income, except the maximum tax rate is 28%

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