Featured Asset
Title:
1985 "Material Girl" Dress Worn in Music Video
Artist:
Madonna
Type:
Apparel
Short Desc:
Madonna - Marilyn Monroe costume worn in the video Material Girl, 1985
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FAQs
Q1: Can you guarantee my original capital?
Like all other investments, there is a risk when you invest in alternative assets. Marquee Capital cannot guarantee your original capital. The value of the assets can go up as well as down. Historically, alternative assets have performed well when compared against traditional investments.
Q2: Why do I have to invest for a minimum of 5 years?
The objective of the company is to invest for the long term and achieve significant capital appreciation over time. Marquee Capital wants to discourage investors from leaving the investment early.
Q3: Why don’t investors get shares with voting rights?
We would like to keep time and costs associated with administration of the investment to a minimum. We believe the five Directors (who have voting rights) are fully capable of validating and making critical decisions. We may revisit this decision at a later point. We may consider giving voting rights to an investor who seeks to inject more than £100,000 in a single investment. The decision would be taken on a case by case basis by the Directors.
Q4: Can shareholders attend board meetings?
Management board meetings will be held in closed session i.e. non Directors will not be invited to attend. We recognise the need to keep the shareholder community informed with progress of the company at all times. Therefore, we will issue regular news flashes to shareholders on record with the company. It will be the responsibility of the shareholder to inform Marquee Capital of any changes to contact details such as email address, postal address, and most of all to ensure any future changes in contact details are communicated to the company immediately.
Q5: Can shareholders make investment suggestions?
Our Investment Manager will be responsible for making investment decisions, however, we encourage any individual or groups to make recommendations on an ongoing basis. All potential investment opportunities should be channelled to our Investment Manager directly. We endeavour to assess the merit of all investment recommendations made to the company by existing shareholders.
Q6: Can shareholders select which assets they want to invest in?
We are trying to keep administration costs to a minimum. Therefore, we cannot split your investment into particular assets. By becoming a shareholder in Marquee Capital Limited, you are effectively owning a proportionate share of the company.
Q7: How do you know the assets you are acquiring are genuine?
Marquee Capital only purchases assets from reputable dealers and auction houses. Each asset is always accompanied by a Certificate of Authenticity that unconditionally guarantees the authenticity of the asset. Moreover, Marquee Capital conducts extensive research on each asset to validate authenticity such as background and ownership checks, etc.
Q8: Can I see any of the assets before and/or after I invest?
Yes. We encourage all our investors to take a personal interest in all of the assets we acquire. All assets are stored in a bank safe in central London. To minimise disruption, Marquee Capital will schedule (in advance) viewing dates with the bank. The spaces will be limited to a maximum of 5 people and will be allocated on a first come first serve basis. Please refer to the relevant news flashes for the schedule.
Q9: Would my investments be subject to Capital Gains Tax?
Please contact your accountant or tax specialist for advice. We would be happy to recommend an accountant and/or tax specialist if needed.
Q10: What proof will you provide me to show that I own a percentage of Marquee Capital?
At the end of each month, Marquee Capital will issue share certificates for all new capital received in the previous month. The share certificates will be posted to the registered address on file. Alternatively, we can hold onto your share certificates for a small fee. The share certificates will be issued by Karmans, our appointed auditors.
Q11: Will you provide me with access to your financial statements?
As a limited company registered in the United Kingdom, Marquee Capital is obligated, by law, to submit an annual return and a set of company accounts to Companies House. This information will be publicly available through Companies House.
Q12: What experience does the management team have in investing in alternative assets?
Buying memorabilia requires experience. It is very easy for the inexperienced to inadvertently either purchase a fake or pay too much for an asset. Our Chief Executive has been collecting memorabilia since the age of 15. Moreover, over the past few years, he has been actively building relationships with dealers and auction houses across the world. He also has considerable experience in buying and selling celebrity memorabilia. As of August 2008, our CEO is the single largest shareholder in the company.
Q13: Are you regulated by the Financial Services Authority (FSA)?
Marquee Capital only attracts investments from "High Net Individuals" or "Sophisticated Investors", as defined by the FSA. As long as the investor meets the Income Test (earning of >£100,000 per annum) or Capital Test (>£250k in capital excluding property, pensions and insurance), Marquee Capital does not need to submit any of its investments for approval to the FSA. Please note, all investors will be required to provide proof that they meet either the Income Test or Capital Test. For further information, please refer to "Terms and Conditions" and "Investment Criteria" sections on our website.
Q14: The value of Alternative Assets are purely subjective. How will you value the assets owned by the company and ensure any subsequent increase in the company share price reflects the true value of the assets?
By their very nature, "Alternative Assets" such a one-off celebrity dress worn in a pop video are difficult to value. The Board of Directors in consultation with its Auditors, have agreed a valuation methodology that it feels is fair and equitable to existing and new investors. We plan to value the assets owned by the company every year. The company will develop a market basket with a representative sample of memorabilia items. The market basket will be appraised every September by a reputable dealer based in London. Once the valuation of the portfolio is complete, the weighted average increase will be applied to the share price for the proceeding year. For example, if the weighted average increase is 10%, then the share price for the following year will correspondingly increase by 10%. Therefore, under this example, all new shares will have a 10% premium attached to them.