Shares in Mickey Mantle's boyhood home soon on sale for $7 - ESPN

COMMERCE, Okla. — Fans who could never afford a $12.6 million 1952 Topps Mickey Mantle card will soon be able to buy a share of the Commerce Comet's boyhood home for $7.

Rally, a collectibles company that sells shares in wine, vintage watches, sports cars and other memorabilia, will offer up to 47,000 shares in the house for $7 each while valuing the property in Commerce, Oklahoma, at $329,000, according to a statement from the company Thursday.

The offering opens to the public Oct. 27. Mantle famously wore No. 7 for the New York Yankees and also led them to seven World Series titles.

Rally is betting that the most lucrative name in sports memorabilia will carry a so-called fractional ownership deal for a real estate asset, something the company has never tried before. Rally has said in a regulatory filing that it plans to convert the house, which it bought for $175,000 in 2022, into a museum.

Company officials also see potential for Airbnb-style short-term rentals, a market for trading cards with pieces of the property embedded in them, and the construction of a little league field on the property.

«If we could do something like they've done in places like Graceland or in parts of Motown, where you have this place that a lot of people who care about the game and about Mantle will visit given the opportunity,» Rally co-founder and chief product officer Rob Petrozzo told ESPN. «We really believe that it's just that they don't know what exists.»

Petrozzo says shareholders will ultimately decide on the direction of the property, though Rally said in a September regulatory filing that it can «in its sole discretion determine when it is in the best interests of investors to sell» the house. According to the filing, Rally