So Collectable has 40 assets in the offering doc I looked at. Some observations -

- Only 15 of 40 (37.5%) of their assets were negotiated at arms length (based on SEC regulations)
- Of those 15, 2 were made w/ Steven Spiegel, who became a shareholder. 1 was with Emmitt Smith, a shareholder, another 2 were also with shareholders

- The other 10 classified as unaffiliated or non-affiliated seller

The other 25 were transactions made with insiders or affiliates of insiders at Collectable. If you're considering putting money on the platform, you might want to read this section twice

Here's a link to the doc I made with some listing info. Forgive typos https://docs.google.com/spreadsheets/d/1shzq76yPioAn3WUuOb-i_7x8k7UwgPVD8fDXdTiVADM/edit#gid=0

It certainly seems like investors are buying the bags of founders and their affiliates