Interesting Scott, and I have thought about stuff like this in the past. I think the downside (and limitations on this) is really psychological. For most collectors, owning their little thing -- whatever it is -- really is the essence of a collection. It's mine, I can look at it at 2 am in my pajamas, I can sell off pieces on a whim, I can show it to friends on occasion. All about 100% controlling it. This kind if arrangement really means giving up control of that thing you cherish.
I have been part of a few horse racing partnerships. Fun for a while, but eventually you realize that you have no control over anything and are merely along for the ride. The thrill eventually wears off because you actually don't own anything. Same thing with timeshare real estate.
|