For for $7 apiece, collectibles company Rally is giving up to 47,000 shares in the Commerce, Oklahoma, home of the legendary New York Yankees player.
A game-used jersey that was purchased for $4.68 million last summer, or a Mantle 1952 Topps baseball card that sold for an astounding $12.6 million last year, are significantly more valuable than this.
The little two-bedroom, one-bathroom property house is very significant both historically and emotionally because it was once home to one of baseball’s greatest players.
The old metal barn that Mantle used as a backstop still has baseball marks on it.
Mantle was a three-time American League MVP and won an amazing seven World Series with the Yankees.
The Mantle family bought the house in 1934, and because of their insistence on maintaining it in its original state, it is also a time capsule.
“Mickle Mantle is this impactful, really mоnumental figure frоm the spоrt,” chief prоduct оfficer and cо-fоunder оf Rally, Rоb Petrоzzо, tells The U.S. Sun.
“One of the first true sports superstars, he had a massive following that continued to this day after the game.
“You look back at what happened on that property and this barn that’s there literally still has the ball marks from when Mickey Mantle took swings and practiced with his father and grandfather.”Everything in Commerce seems and feels the same as it did under Mantle’s leadership. The main street has a nostalgic appearance and atmosphere that hasn’t substantially altered in the past 70 or 80 years.
“All those things make it a really interesting place and a really interesting house but also a real collectible when it comes to Americana and baseball.”
The property is priced at $329,000 and the offering is available to the public starting on October 27.
Rally paid $175,000 for its acquisition in 2022.
Five percent of the house’s shares are being acquired by Rally, and 2,200 shares will be given away to Commerce locals at no cost.
It is anticipated that investors will include both sports collectors and baseball enthusiasts.
“Mickey Mantle is one of the most collectible names in all of sports,” said Petrozzo.
“We view it more as a collectible than as actual real estate.
“The small plaque in the front porch lets you know it’s Mickey Mantle’s childhood home, but that’s all.”
“The story that goes with it makes it a collectible.”
The property may eventually be used for short-term rentals in the vein of AirBnB; investors will have a voice in any future plans.
“It’s a huge attraction, we believe it hasn’t been promoted as such,” Petrozzo stated.