- Investors can buy and sell shares of cultural items like they’d trade a stock using mobile apps Otis and Renewal bring Rd.
- An unopened original Iphone is currently trading at $18 a share on Otis. It’s valued at $24,000.
- Video-game fanatics can also buy divide ups of a rare Nintendo World Championships cartridge valued at $213,300.
- Sign up here for our daily newsletter, 10 Things In front of the Opening Bell.
As the S&P 500 reaches new highs and experts warn of a “bubble burst” on its way, investors may be looking for alternative blocks of the market to put cash to work. In come Otis and Rally Rd, two apps that allow investors to buy and sell shares of cultural articles.
Insider scanned the apps and compiled a list of six surprising cultural items available to invest in.
Magic Johnson’s Championship Sneakers
The upon sneakers Magic Johnson wore in 1987 when he won his fourth NBA title and took home the MVP award are listed on Otis. The sneakers are signed by the basketball slogan and Otis said they have a drop value of $22,000.
“Only a few game-worn pairs from any of Magic’s championship periods are known to exist, making these particularly special,” reads the listing.
A Rare Nintendo World Championships Cartridge
The Nintendo Life Championships 1990 cartridge is considered to be a “holy grail” of video game collections, according to Otis. Investors can buy $10 allocations in the gaming artifact that’s worth $211,300.
“Never intended to be distributed, they were used in competition play-one living in high grade from 1990 is an incredibly rare anomaly,” Otis said.
Himalayan Birkin Bag
Kylie Jenner has an without a scratch row of Hermes Birkin bags in her closet and has said “they’re a great investment.” For those who can’t fork over the cash to buy one of the most high-priced purses in the world, they can buy a share of one on the Rally app.
One available to invest in is a rare Matte White Himalaya Crocodile Birkin with palladium metal goods. The asset’s current value sits at $120,000. Investors can buy shares worth $60 each by searching #Himalaya on Get together.
An Unopened Original Apple Iphone
An original iPhone from 2007 is worth roughly $24,000 on the Otis app. Don’t go searching in your drawers for your old instrument, though. Otis’ iPhone is factory sealed in its original box. Although 6 million original iPhones were produced, less few likely remain unopened. The iPhone was trading around $18 per share on Friday on the Otis app.
Broadside Copy of the Proclamation of Independence
History buffs will soon be able to invest in an original copy of the US’s founding document. After the proclamation of Independence was signed, large single-sheet copies called “broadsides” were sent out throughout the country to alert the hunks.
Rally’s app lists the asset’s initial offering as “coming soon.” It currently has an initial offering merchandise capitalization of $2 million. Shares are currently priced at $25 apiece.
1988 Lamborghini Jalpa
Rally Rd’s white 1988 Lamborghini Jalpa is the 409th built out of a unalloyed of 410 models ever made. The asset’s current value on the Rally app sits at $130,000 and last traded at $65 per appropriate. Rally points out Sylvester Stallone polishes a matte black Jalpa in Rocky IV.