Collectable User Reviews

Collectable
Collectable
Collectable Sports Assets, LLC

Top reviews

Leave a Review Collectable
  • Fake cards?

    Absolute scummy app I put money in and sold stuff now I can’t withdraw anything really? I just get a message that says withdraw failed, why I bank with A+ rated banks money should flow fine everything is set up and verified I used the PSA app to check some of these cards there not showing up in the data base and yes, there’s a difference between autograph cards and regular credit cards in numbers but neither shows up like they don’t exist It’s like they’re trying to offload low volume trading sell it to you. Run away with the money what’s even better sell you something to fake that doesn’t even exist I’ve sent emails many times no reply you can hide behind fake 5 star reviews generated by some Chinese kid but the truth will always come out
    Show less
  • Poor Strategy and Worse Communication

    The prices have generated significant losses when actual sold. One of my assets sold and I have asked them when they sought approval to sell at a price, they have not replied. I would not get sucked in, obviously there is risk but worse than risk is a lack of transparency in how they sell and when and why.

    Also, huge inconvenience with the k1 need for taxes.
    Show less
  • Poor entry prices lead to big shareholder losses

    I have been with this company for about 2-3 years. I have since seen a major decline in the price that the product was worth versus the offering price. I feel like the offering prices are so high that almost all of the investors lose money.

    I have never done so poorly in any investment to date as I have had in this one. One star.
    Show less
  • Horrible returns

    Perfect app for anyone looking to give away hard-earned cash. Collectable severely overvalues cards at IPOs, with any card (unless being bought out) completely tanking in value after go-live. LeBron, Luka, Mahomes,etc — Stars that shouldn’t drop 50%+ in value do just that. Your money will drop by over half and you won’t be able to sell. Not enough volume/users on the app for anyone to get anywhere near break-even. I recommend not using. Trying to get out of my positions and deleting, but it will take months/years to get out now.
    Show less
  • Fun investing

    A more fun way to invest in alternative assets instead of your normal stocks.
  • Scam?

    Not only have they held people hostage by not having K-1s ready but here we are a week away from the October IRS deadline (already extended 6 months ago….) and a huge chunk of their K-1s don’t even have EINs. Just lists APPLIED FOR in the space. Can’t even use TurboTax because of that lack of info. Im beginning to believe that these guys are con artists. Stay far far away!
    Show less
  • They miss tax deadlines

    Beware if you invest, they will routinely miss IRS deadlines (e.g., extended K-1 fiasco), over promise, and under deliver with very poor and inconsistent communication along the way. This will lead to very painful and extended tax issues until they streamline their processes.
  • Beware tax situation

    While the concept is good the execution has caused nothing but headaches from a tax standpoint. I have invested in 49 items and that means 49 separate K-1s. I have had to manually enter each as they do not support downloads into popular tax software. Furthermore, we are 5 months passed the tax deadline and I still have not received all of the K-1s. I regret my decision to invest on this platform and have put my shares of all my lots up for sale. This colossal misstep regarding taxes also makes me question their entire business plan.
    Show less
  • Trash app.

    It’s been months and I still haven’t gotten approved to trade yet. Take your business to Rally.
  • Garbage

    While the app is nice and user friendly, the service is absolutely terrible. I am down 57.9% and I own shares of 1/1 Mahomes cards and Kobe Bryant game worn shoes. This is a BIG manipulated scam with super low trading volume, (meaning you can never get out of your position). If you love giving money away, hop into some IPO’s. When Mahomes and Kobe are losing half of their value you know that the IPO’s are straight garbage.
    Show less

Alternatives to Collectable